A prime town centre office building benefiting from permitted development rights, ideally located directly opposite East Croydon Train Station.
East Croydon Train Station provides excellent connectivity to Central London, direct to London Victoria in as little as 16 minutes whilst also offering an extremely fast service to
London Gatwick Airport.
Existing building comprises a 7-storey office (Class E) measuring to 81,546 sq ft (7,575 sq m) GIA (excluding the 7th floor plant).
The site extends to 0.59 acres (0.24 hectacres), there are 16 car parking spaces situated directly in-front of the main entrance to the building.
Permitted development rights were granted in March 2025 for the change of use from Class E to Residential (C3 use), to convert the building into 132 apartments.
The consented scheme comprises a mix of 112 studios and 20 x 1 beds, providing a net internal area of 59,045 sq ft.
Potential to reconfigure the studios to create 1-bedroom apartments.
The property is suitable for a variety of living and other uses, including build to rent, co-living, hotel & education.
In addition to the consented PDR scheme. and given that the site is an allocated residential location, Stitch Architects have prepared indicative feasibility studies for enhanced, upwards extension and new build schemes.
PROPOSAL
Instructed to seek unconditional ‘Offers in Excess Of’ £8,000,000 (Eight Million Pounds) for the Freehold Interest, subject to contract, reflecting a low capital value of just £135 psf against the consented envelope (NIA).
