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114 Foxley Lane, Purley, Surrey CR8 3NB
Residential Development Opportunity For Sale
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HOME SUMMARY
SUMMARY
114 Foxley Lane, Purley, Surrey CR8 3NB
• 5 bedroom detached house extending to approximately 3,623ft2 occupying a site of circa 0.3 acres
• Planning permission for a 3-storey new build development comprising 9 apartments (1 x 1 bed, 5 x 2 bed and 3 x 3 bed units) totalling 8,378ft2 with off-street parking
• Located on a sought-after residential street approximately 1 mile from Purley Station and the town centre
• Offers invited in excess of £1,500,000 for the freehold interest
DESCRIPTION & LOCATION DEVELOPMENT TERMS
www.kingsbury-consultants.co.uk
DESCRIPTION
LOCATION
The existing property comprises a single 5 bedroom house extending to approximately 3,623ft2 across 2-storeys, positioned on a broadly rectangular site of circa 0.3 acres.
The site is bounded by large detached houses to the north, east and west.
Vehicular access to the site is taken directly from Foxley Lane.
The property is located on the northern side of Foxley Lane in Purley, within the London Borough of Croydon. Purley is located approximately 12 miles to the south of Central London.
The immediate area comprises mainly high-quality residential properties. Numerous commercial offerings including shops, restaurants and supermarkets are available in Purley town centre, located approximately 1 mile from the subject property.
Purley Station is also located approximately 1 mile from the site, providing direct services into Central London, including London Bridge Station in under 30 minutes.
DESCRIPTION & LOCATIONHOME SUMMARY DEVELOPMENT TERMS
www.kingsbury-consultants.co.uk 114 Foxley Lane, Purley, Surrey CR8 3NB
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
PLANNING & DEVELOPMENT POTENTIAL
Planning permission was granted on 25th August 2017, under reference 17/03305/FUL, for the demolition of the existing dwelling and the erection of a 3-storey building to accommodate 9 apartments (1 x 1 bedroom, 5 x 2 bedroom and 3 x 3 bedroom units), creating 8,378ft2 of residential floorspace.
The proposed development is arranged with 3 units on each floor across ground, 1st and 2nd floors. All apartments will benefit from private amenity space and one off-street parking space each (in a surface level car park to the front of the proposed building).
All units are for private sale and no Section 106 obligations apply. The planning consent is subject to a CIL liability of £78,061.58.
Unit Floor Description NIA ft2 NIA m2
1 Ground Three Bedroom Five Person Apartment 1,181 109.7
2 Ground Three Bedroom Five Person Apartment 1,014 94.2
3 Ground Two Bedroom Three Person Apartment 825 76.6
4 First Two Bedroom Four Person Apartment 1,058 98.3
5 First Three Bedroom Five Person Apartment 1,045 97.1
6 First Two Bedroom Four Person Apartment 826 76.7
7 Second Two Bedroom Four Person Apartment 1,058 98.3
8 Second Two Bedroom Four Person Apartment 828 76.9
9 Second One Bedroom Two Person Apartment 544 50.5
Total 8,378 778
www.kingsbury-consultants.co.uk 114 Foxley Lane, Purley, Surrey CR8 3NB
PROPOSED ACCOMMODATION SCHEDULE
Proposed Site Layout Plan
TENURE
The property will be sold freehold and subject to vacant possession upon completion.
VAT
The property is not elected for VAT.
TERMS
Offers are invited in excess of £1,500,000.
ADDITIONAL INFORMATION
Further information, including planning documents can be found within our dataroom using the access code ‘Foxley’.
CONTACT
To discuss any aspect of the property of disposal process, please contact the sole selling agents:
Jordan Oldfield
020 7183 2529
Joe Goldsmith
020 7183 2529
Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.
TERMSHOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT
www.kingsbury-consultants.co.uk
Kingsbury
1st Floor, 81 Alie Street, London E1 8NH
114 Foxley Lane, Purley, Surrey CR8 3NB
