Property photos
Offers over
£2,100,000
(£197.15/sq. ft)
Office for sale
High Street, Croydon CR010,652 sq. ft
Local area information
Property location
Nearby amenities
- Old Palace of John Whitgift School 0.2 miles
- Krishna Avanti Primary School 0.3 miles
- East Croydon 0.4 miles
- West Croydon 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Croydon to find out more about the local area.
Features and description
• An existing 5 storey Class E building arranged as retail on the ground & lower ground floor with offices on the upper floors, benefitting from planning permission for a conversion to residential.
• The building is situated 0.4 miles from East Croydon Station.
• Measuring approximately 10,652 sq ft NIA.
• The total current passing rent equates to £82,052 with a new letting agreed for units 7 & 8 for a new 5 year term at £32,000 per annum. Thus the anticipated total rent will be £114,052 following the execution of the new lease.
• We have been advised that the erv of the offices & retail if fully let at the open market value is in the region of £226,340 per annum.
• A certificate of lawfulness has been granted (planning ref: 23/04653/gpdo) on 24th April 2024 for change of use of the first and second floor from commercial (Use Class E) to residential (Use Class C3) to create 8 flats under Class ma. Croydon Borough Planning Ref: 24/00708/lp.
• The proposed scheme comprises 4 x studios & 4 x 1 one bedroom apartments - NIA 4,442 sq ft.
• A new Prior Approval application has been submitted to for change of use of the first, second and third floor from commercial (Use Class E) to residential (Use Class C3) to create 11 flats under Class ma. Croydon Borough Planning Ref:24/01232/gdpo.
• The enhanced scheme comprises 5 x studios, 5 x 1 one bedroom & 1 x 2 bedroom apartments.
• The building offers further potential to add value by way of an upward extension.
Offers in excess of £2,100,000 (Two Million, One Hundred Thousand Pounds) subject to contract, which reflects an incredibly low capital value of £197 per sq ft.
• The building is situated 0.4 miles from East Croydon Station.
• Measuring approximately 10,652 sq ft NIA.
• The total current passing rent equates to £82,052 with a new letting agreed for units 7 & 8 for a new 5 year term at £32,000 per annum. Thus the anticipated total rent will be £114,052 following the execution of the new lease.
• We have been advised that the erv of the offices & retail if fully let at the open market value is in the region of £226,340 per annum.
• A certificate of lawfulness has been granted (planning ref: 23/04653/gpdo) on 24th April 2024 for change of use of the first and second floor from commercial (Use Class E) to residential (Use Class C3) to create 8 flats under Class ma. Croydon Borough Planning Ref: 24/00708/lp.
• The proposed scheme comprises 4 x studios & 4 x 1 one bedroom apartments - NIA 4,442 sq ft.
• A new Prior Approval application has been submitted to for change of use of the first, second and third floor from commercial (Use Class E) to residential (Use Class C3) to create 11 flats under Class ma. Croydon Borough Planning Ref:24/01232/gdpo.
• The enhanced scheme comprises 5 x studios, 5 x 1 one bedroom & 1 x 2 bedroom apartments.
• The building offers further potential to add value by way of an upward extension.
Offers in excess of £2,100,000 (Two Million, One Hundred Thousand Pounds) subject to contract, which reflects an incredibly low capital value of £197 per sq ft.
Floor plans and tours
Floor plans (6)
6 floor plans available
View the floor plans to understand the space and layout of this property.
More information
Listed by
Estate Office
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