Property Description
An excellent opportunity to acquire a vacant freehold office with redevelopment potential in Croydon.
12-18 Lennard Road sits within a site measuring approximately 0.23 hectares (0.58 acres) and comprises a four-storey brick-built office building with a lower-ground floor, with a total GIA of approximately 2,554.9 sq m (27,500 sq ft) and NIA of approximately 2,012.5 sq m (21,662 sq ft).
Most recently occupied by the Croydon Health Services NHS Trust, the building was primarily used as offices with a small number of ancillary consulting rooms on the lower-ground floor. There is a car park to the rear with space for approximately 32 cars.
Planning
Located within the London Borough of Croydon, the property falls under the planning jurisdiction of Croydon Council. The Vendor has obtained a Certificate of Lawful Existing Use or Development (CLEUD) confirming the building’s lawful use as offices within Use Class E(g)(i). The property benefits from excellent connectivity and enjoys a PTAL rating of 6a, representing a high level of public transport accessibility.
A planning appraisal is available in the data room, but prospective purchasers should rely on their own investigations and satisfy themselves as to planning matters through direct enquiries with Croydon Council.
Development Potential
Architect-led feasibility studies have identified two potential residential development routes. A Permitted Development conversion could deliver approximately 29 apartments through the change of use of the existing office building, whilst a more comprehensive retrofit and extension scheme
demonstrates the potential for approximately 45 apartments through refurbishment, rear extension and the addition of a rooftop extension.
These scenarios highlight the opportunity to unlock significant residential value from a vacant building in a highly accessible Croydon location, subject to the necessary consents. A full architectural design report is available within the data room.
