Lot 7
In same family ownership for 45 years
Redevelopment Potential
6 Week Completion
Situation
Located at the junction with Thirsk Road being just a short walk from the High Street (B266) whereby a host of both multiple and local shopping facilities can be found. Crystal Palace Football Stadium (undergoing a massive refurbishment - see Note 2) is approx. ¼ mile distant located further down Whitehorse Lane and Thornton Heath Railway Station is within easy reach.
South Norwood lies approx. 10 miles south-east of central London.
Property
Forming part of a 2 storey parade comprising 5 Ground Floor Shops and 6 Flats arranged as follows:
• No. 21: Ground Floor Shop with internal access to a Flat on the first floor.
• No. 23: Ground Floor Shop with internal access to a 3 Bed Flat on part ground and first floor level.
• No. 25: Ground Floor Shop with separate rear access to 2 Self-Contained Flats (Flat 25a on ground floor & Flat 25b on first floor). There is also a rear detached single storey brick store.
• Nos. 27/29: Ground Floor Corner Double Shop and rear Garage/Workshop with a roller shutter door providing vehicular access from Thirsk Road. There is separate side access to 2 Flats (1 Self-Contained) on the first floor.
Each unit benefits from use of the front forecourt (9ft deep) and a shared rear alleyway providing access to the flats.
VAT is NOT applicable to this Lot
Freehold
Note 1: Plans (available on request) have been prepared for the following:
Development 1: Ground Floor: Supermarket (3,368 sq ft)
First Floor: 5 × 1 bedroom flats (each 538 sq ft)
Second Floor: 5 × 1 bedroom flats (each 445 sq ft)
Third Floor: 5 × 1 bedroom flats (each 445 sq ft)
Development 2: Entirely residential with four floors totalling 20 flats.
Note 2: Development at Crystal Palace FC is for an additional 8,225 spectators and additional floor place internally. In addition, there will be the reorganisation of the club and supermarket car park and site accesses from Holmesdale Road and within the car parking area from Whitehorse Lane as well as the creation of accessible seating within the Whitehorse Lane Stand. This should therefore improve the area considerably.
