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11 Bramley Hill, Croydon, Surrey Residential development for sale
11 Bramley Hill, Croydon, Surrey
£1,600,000
11 Bramley Hill, Croydon, Surrey
£1,600,000
Our Summary
- There is a planning application pending with Croydon Council
- Detached building of 380sqm / 4,090sqft GEA with residential development potential
- Guide Price £1,600,000 F/H with planning permission and vacant possession
- Opportunity to sell completed development or create a high yielding investment
- Planning application pending to convert and extend to provide 14 x 1 private flats
Description
This rare opportunity presents a 1960s detached building of 340 square meters GIA and 380 square meters GEA, currently vacant and previously used as offices and a health center. Planning permission is pending with Croydon Council to convert and extend the property into 14 private one-bedroom flats. This offers developers and investors a flexible option to either sell the completed development or retain it as a rental property, with an estimated annual rental value of £215-225,000 gross.