A unique opportunity to purchase this two-storey detached commercial investment property with future development potential, subject to gaining any necessary planning consent. The property is configured into various rooms comprising classrooms, managers office, w/c facilities, kitchen and conservatory. The property also benefits from a large rear garden and sizeable front driveway.
The Auctioneers have not been able to inspect the property, therefore, are unable to confirm the condition or layout of Russell Hill Road, Purley.
Location
Situated on the eastern side of Russell Hill Road, within the London Borough of Croydon. Purley town centre and Purley Railway Station are approximately 500 metres south, with Purley town providing various amenities including national and local retailers and restaurateurs.
Accommodation
Ground Floor 164.76 sqm / 1,773 sq ft
First Floor 98.47 sqm / 1,060 sq ft
Total Approximate Floor Area – 263.23 sqm / 2,833 sq ft
Terms
**For Sale By Auction on Wednesday 21 October 2026**
*Guide Price £1,000,000 (plus fees)
NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, AND OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU HAVE READ THE LEGAL PACK AND SPECIAL CONDITIONS THOROUGHLY
Lot Type
Commercial Investment
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge - Purchasers will be required to pay an Administration fee of 1% (inc VAT) of the sale price, subject to a minimum of £1,750 (inc VAT)
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Specification
Let to a private individual on a full repairing and insuring lease for a term of 15 years from and including 1 November 2024. The current passing rent is £74,750 per annum exclusive. Rent reviews are dated 1 November 2027 and every third anniversary of that date.
Rateable Value - To be assessed
Council Tax - Band G
EPC Rating - D