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Braeside Works, 20A Teevan Road, Addiscombe Cr0 6Rn

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Braeside Works, 20A Teevan Road, Addiscombe Cr0 6Rn RESIDENTIAL DEVELOPMENT OPPORTUNITY FOR SALE Indicative Visualisation BRAESIDE WORKS, 20A TEEVAN ROAD, ADDISCOMBE CR0 6RN SUMMARY LOCATION • Single storey B1(c) light industrial building extending to The site is located on the northern side of Teevan Road a residential 2 approximately 3,192ft occupying a 0.14 acre site road within the London Borough of Croydon. • Prior Approval for change of use to residential comprising 6 The immediate area comprises mainly residential uses, although apartments totalling 3,646ft2 NIA there are a number of shops located just south of the property on • Pending detailed planning application for part demolition and Lower Addiscombe Road. external alterations (new entry doors, windows and skylights) Addiscombe Tram Stop is located 0.2 miles from the property offering • Offers are invited in excess of £750,000 for the vacant freehold frequent links into East Croydon and Wimbledon train stations. interest DESCRIPTION The existing property comprises a light industrial building and ancillary extending to approximately 3,192ft2 over ground and first floor. The site is bounded by residential properties with part of the existing building fronting onto Teevan Road. RESIDENTIAL DEVELOPMENT OPPORTUNITY FOR SALE Indicative Visualisation ACCOMMODATION SCHEDULE TENURE The property will be sold freehold with vacant possession upon Unit Floor Description NIA ft2 NIA m2 completion. 1 Ground & First 2 Bedroom Apartment 649 60 2 Ground & First 2 Bedroom Apartment 612 57 3 Ground Studio Apartment 343 32 TERMS 4 Ground & First 2 Bedroom Apartment 680 63 Offers invited in excess of £750,000. 5 Ground & First 2 Bedroom Apartment 588 55 6 Ground & First 3 Bedroom Apartment 773 72 Total 3,646 339 VAT We understand that the property is not elected for VAT. DEVELOPMENT POTENTIAL ADDITIONAL INFORMATION The property currently benefits from B1(c) Use Class. It is not Listed Further information including approved planning documents can be and is not located within a Conservation Area. found in our dataroom using the password ‘Braeside’. Prior Approval was granted on 3rd June 2020, under reference 20/01605/GPDO, for change of use and conversion of the building to CONTACT residential to provide 6 apartments (1 x studio, 4 x 2 bed and 1 x 3 bed To discuss any aspect of this property or the disposal process, unit) totalling 3,646ft2 NIA please contact the Seller’s sole agents: A detailed planning application is currently pending, under reference Jordan Oldfield– 020 7183 2529 20/02032/FUL for the part demolition of the building fronting Teevan [email protected] Road and alterations to the existing buildings including installations of roof inserts, rooflights, vehicle and cycle parking, and landscaping (to Paul Heale – 020 7183 2529 facilitate change of use to residential proposed in 20/01605/GPDO). [email protected] The pending application was validated on 13th May 2020 with a Kingsbury 1st Floor, 81 Alie Street, London E1 8NH decision due by 8th July 2020. Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268..
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