RESIDENTIAL DEVELOPMENT OPPORTUNITY FOR SALE Indicative Visualisation 4A SYLVAN HILL, CRYSTAL PALACE, LONDON SE19 2QF SUMMARY DESCRIPTION • 2-storey residential dwelling occupying a broadly rectangular The existing property comprises a 3-bedroom house set across site of circa 0.08 acres 2-storeys, occupying a broadly rectangular site extending to • Outline planning permission granted for a 4-storey building approximately 0.08 acres. comprising 5 residential units (1 x studio, 1 x 1 bed, 2 x 2 bed and 1 x 3 bed) extending to approximately 3,660ft2 LOCATION • Popular residential location approximately 0.6 miles from Crystal Palace Station The subject property is located on Sylvan Hill, within the London • Offers invited in the region of £900,000 for the freehold interest Borough of Croydon. The immediate area comprises mainly residential uses, with a large residential scheme neighbouring the site comprising a mix of apartments and a care home. Westow Hill is located approximately 0.6 miles from the site and offers a variety of commercial offerings, including a Sainsbury’s supermarket and numerous restaurants. Crystal Palace Station is located approximately 0.6 miles from the site and offers direct services to Central London (London Bridge) in approximately 25 minutes. RESIDENTIAL DEVELOPMENT OPPORTUNITY FOR SALE DEVELOPMENT POTENTIAL TENURE Ordnance Survey © Crown Copyright 2020. All Rights Reserved. th Licence number 100022432 Outline planning permission has been granted on 9 October 2020 Plotted Scale - 1:1250. PaperThe Size - A4 property will be sold freehold subject to the existing tenancy (reference: 20/03326/OUT) for the demolition of existing dwelling and remaining in situ. erection of new building comprising 5 residential units (1 x studio, 1 x 1 bed, 2 x 2 bed and 1 x 3 bed) extending to approximately 3,660ft2. TERMS Now that the principle of apartments has been established, there is Offers are invited in the region of £900,000 for the freehold interest. potential to increase upon the density subject to obtaining planning permission. VAT TENANCY We understand that the property is not elected for VAT. The property is currently rented on an AST agreement until July 2021 ADDITIONAL INFORMATION producing £22,200 per annum. Further information including approved planning documents can be found in our dataroom using the password ‘Sylvan’. APPROVED ACCOMMODATION CONTACT SCHEDULE - 5 UNIT SCHEME To discuss any aspect of this property or the disposal process, please contact the Seller’s sole agents: Unit Floor Description NIA ft2 NIA m2 Jordan Oldfield - 020 7183 2529 [email protected] 1 Lower Ground 3 Bedroom 5 Person Apartment 1,098 102 Chris Incledon - 020 7183 2529 2 Ground 1 Bedroom 2 Person Apartment 581 54 [email protected] 3 Ground Studio Apartment 420 39 Kingsbury 4 First 2 Bedroom 3 Person Apartment 657 61 1st Floor, 81 Alie Street, London E1 8NH 5 First / Second 2 Bedroom 4 Person Apartment 904 84 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 Total 3,660 340 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..