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20 - 24 Mayday Rd 2 Industrial Properties Offered at £3,750,000 in Thornton Heath
INVESTMENT HIGHLIGHTS
- Existing buildings comprise 23,792 sq ft GIA of mixed use storage and distribution units with ancillary office space, show room and service yard
- Benefits from planning permission for demolition and redevelopment to provide 57 flats across three separate, 3-4 storey blocks
- Available with vacant possession
EXECUTIVE SUMMARY
The current buildings offer a unique opportunity to own industrial, warehousing and showroom space within the heart of Croydon. The property can be used as is, or relet or sold following a full refurbishment or comprehensively redeveloped, with its location meaning the site would be suitable for industrial, community, educational or medical uses, subject to planning. The current units also offer flexibility to be broken up in to constituent parts.
The property falls within the jurisdiction of the London Borough of Croydon and is not listed nor is it located within a Conservation Area.
The property was granted planning permission (Ref:21/05412/FUL) for the following development:
"Demolition of existing buildings and redevelopment of site to provide 3 no. replacement buildings ranging from one to five storeys in height, comprising 57 new dwellings, with associated access, parking and landscaping."
The property falls within the jurisdiction of the London Borough of Croydon and is not listed nor is it located within a Conservation Area.
The property was granted planning permission (Ref:21/05412/FUL) for the following development:
"Demolition of existing buildings and redevelopment of site to provide 3 no. replacement buildings ranging from one to five storeys in height, comprising 57 new dwellings, with associated access, parking and landscaping."
PROPERTY FACTS
| Price | £3,750,000 | Individually For Sale | 0 |
| Price psf | £157.62 / sq ft | Total Property Size | 23,792 sq ft |
| Sale Type | Investment or Owner Occupier | Tenure | Freehold |
| Status | Pending | Total Land Area | 2.02 ac |
| Number of Properties | 2 |
| Price | £3,750,000 |
| Price psf | £157.62 / sq ft |
| Sale Type | Investment or Owner Occupier |
| Status | Pending |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Property Size | 23,792 sq ft |
| Tenure | Freehold |
| Total Land Area | 2.02 ac |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 24 Mayday Rd, Thornton Heath CR7 7HL | Industrial | 11,896 sq ft | 2010 | - |
| 20 Mayday Rd, Thornton Heath CR7 7GY | Industrial | 11,896 sq ft | 2005 | - |
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20 - 24 Mayday Rd
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