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For Sale by Auction on 23rd May 2024, Freehold Mixed-Use Investment, 1453 London Road, Norbury, SW16 4AQ

3,226 Sq Ft / Leisure / Investment

Withdrawn - Last updated: 29 May 2024

For Sale by Auction on 23rd May 2024

A part three storey and part single storey mid-terraced building of traditional construction beneath a part flat and part pitched roof. The ground floor is arranged as a restaurant with rear kitchen and ancillary accommodation. The first and second floors are arranged as a four bedroom maisonette with internal access from the rear of the ground floor (refer to Planning Details). To the rear there is a single storey garage.

Location

Norbury is a South London suburb lying approximately 7 miles south of Central London and 3 miles north of Croydon. It can be accessed via the A23, of which London Road forms part and which provides access to Central London to the north and the M25/M23 motorway interchange to the south. Norbury railway station is within a five minute walk of the property and numerous bus routes serve the area. Additionally, London Gatwick Airport lies approximately 23 miles to the south.

The property forms part of an established retail parade on the west side of London Road (A23) between its junctions with Stanford Road and Fairview Road. Notable nearby occupiers include Lloyds Bank, Pizza Hut, Iceland, Cancer Research, Co-op and Paddy Power.

Accommodation

Ground Floor - Restaurant/Ancillary - 177.27 sq m (1,907 sq ft)

First Floor - Two bedrooms, living room, kitchen, two bathrooms, WC - 78.83 sq m (848 sq ft)

Second Floor - Two bedrooms, storage - 43.73 sq m (471 sq ft)

Total - 299.83 sq m (3,226 sq ft)

Terms

Tenure - Freehold

Guide Price - £XXX

Planning - Planning permission was granted in February 2024 for the erection of a single-storey extension and demolition of existing extension to create a separate entrance from London Road to provide a self-contained access to the upstairs flat as well as a reconfiguation of the first and second floors. Further information and details of the planning permission can be found on Croydon Council's website by clicking here. Prospective purchasers are advised to make their own enquiries of Croydon Council (020 8726 6800) - www.croydon.gov.uk.

Specification

  • Freehold mixed use investment
  • Includes a ground floor restaurant and four bedroom flat above
  • Established south London parade
  • Close to Norbury railway station
  • Asset management and development opportunities
  • Producing £XXX per annum
  • On the instructions of James Liddiment and Annika Kisby of Kroll Advisory acting as Joint LPA Receivers


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