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Property Location

Development - Residential

Wrenwood Court, 38 Hermitage Road, Croydon, Kenley, Surrey, CR8 5EB

Freehold £850,000 Offers in excess of

0 sq ft
- For sale - freehold residential development opportunity.

- Planning permission was granted on 19 August 2020 for the erection of an extension to the existing building to provide eight new apartments 2x 1-beds, 5x 2-beds, 1x 3-bed and four car parking spaces.

- Total CIL payment of £147,000.

- Located a 10-minute walk to Kenley Railway Station, providing regular services to London Victoria within 36-minutes.

- Offers are invited in excess of £850,000 for the freehold interest, subject to contract.

- It should be noted the freehold is anticipated to have a value of approximately £200,000 based on a net yield of 4.5%.
Located on Hermitage Road, Kenley approximately 0.5 miles south of Kenley Railway Station which provides services to Caterham, East Croydon and London Victoria and London Bridge. Bus routes operate in relatively close proximity.

The Local Authority is the London Borough of Croydon.

Richard Pillow
Richard Pillow
Matt Morris
Matt Morris

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