16 Derby Rd
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16 Derby Rd
6,512 SF 100% Leased Industrial Building Croydon CR0 3SY £750,000 (£115/SF)
Investment Highlights
- Short walk to West Croydon train station
- Planning permission approved for erecting 7 flats
- Close to local amenities
Executive Summary
This freehold site comprises a disused warehouse.
The building is located behind the main retail frontage of London Road and the residential frontage of Derby Road. Access is via a 28m lane from the junction of Derby Road and Parsons Mead via a gated accessway.
On 15 January 2021, planning was approved by Croydon Borough Council for the demolition of the existing warehouse building and erection of a part-three, part four-storey building comprising 7 flats with improved access, provision of associated refuse storage and cycle storage. Planning reference: 19/04490/FUL.
The proposed development is situated in the highly sought-after Derby Road area of Croydon, a very short distance to Croydon town centre (0.2 miles), Whitgift shopping centre (0.2 miles) Wandle Park (0.3 miles) and West Croydon train (0.2 miles), Bus Station (0.1 miles), West Croydon Tram (0.6 miles), Pure Gyn (0.3 miles). and a PTAL Rating: 6b. This location is perfect for young professionals and first-time buyers.
This planning permission is subject to a CIL payment of £112,000.
The building is located behind the main retail frontage of London Road and the residential frontage of Derby Road. Access is via a 28m lane from the junction of Derby Road and Parsons Mead via a gated accessway.
On 15 January 2021, planning was approved by Croydon Borough Council for the demolition of the existing warehouse building and erection of a part-three, part four-storey building comprising 7 flats with improved access, provision of associated refuse storage and cycle storage. Planning reference: 19/04490/FUL.
The proposed development is situated in the highly sought-after Derby Road area of Croydon, a very short distance to Croydon town centre (0.2 miles), Whitgift shopping centre (0.2 miles) Wandle Park (0.3 miles) and West Croydon train (0.2 miles), Bus Station (0.1 miles), West Croydon Tram (0.6 miles), Pure Gyn (0.3 miles). and a PTAL Rating: 6b. This location is perfect for young professionals and first-time buyers.
This planning permission is subject to a CIL payment of £112,000.
Property Facts
| Price | £750,000 | Property Subtype | Warehouse |
| Price Per SF | £115 | Lot Size | 0.38 AC |
| Sale Type | Investment | Rentable Building Area | 6,512 SF |
| Sale Conditions | Development Sale | Number of Floors | 1 |
| Tenure | Freehold | Year Built | 1930 |
| Property Type | Industrial |
| Price | £750,000 |
| Price Per SF | £115 |
| Sale Type | Investment |
| Sale Conditions | Development Sale |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Lot Size | 0.38 AC |
| Rentable Building Area | 6,512 SF |
| Number of Floors | 1 |
| Year Built | 1930 |
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16 Derby Rd
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