This site comprises two semi-detached houses which sits on a plot measuring approximately 0.3 acres in size. 316 Old Lodge Lane will be demolished as part of the planning permission and 314 Old Lodge Lane is a 5 bedroom house measuring 196 sqm. Both properties will be sold with vacant possession.
Location
The site is situated in a highly desirable residential location in Purley.
This location offers excellent transport links with both Purley and Reedham Station being only 1 mile away, providing direct access to London Bridge within 35 minutes and London Victoria (via East Croydon) in 40 minutes. The M25 and M23 is accessed via Brighton Road which takes you towards Gatwick Airport and Brighton. This location is perfect for commuters, young families, and first-time buyers.
Accommodation
Accommodation schedule:
Exsisting unit (314 Old Lodge Lane) - 100.6 sq m (1,082 sq ft)
Unit 1 - 99 sq m (1,065 sq ft)
Unit 2 - 94 sq m (1,011 sq ft)
Unit 3 - 94 sq m (1,011 sq ft)
Unit 4 - 94 sq m (1,011 sq ft)
Unit 5 - 94 sq m (1,011 sq ft)
TOTAL - 575 sq m (6,189 sq ft)
Terms
Planning - In December 2022 planning was approved for the demolition of 316 Old Lodge Lane and the erection of 5 additional dwellings. 314 Old Lodge Lane will be retained as part of the planning permission (planning reference: 21/04007). This planning permission is subject to an S106 payment of £7,500 and a CIL payment of £57,545.68.
VAT - The site is not elected for VAT.
Proposal - Proposal: The vendors will consider unconditional offers in the region of £1,500,000.
Specification
- Two Semi Detached Houses situated on a 0.3 acre plot
- Excellent Leisure and transport amenities nearby
- The site benefits from planning (Ref:21/04007) for the demolition of one of the existing dwellings and the erection of 5 additional dwellings
- Unconditional offers are encouraged and vacant possession will be provided
- Offers in the region of £1,500,000