RESIDENTIAL DEVELOPMENT DEMOLITION OF EXISTING HOTEL AND ERECTION OF 29 FLATS SITE AREA APPROX HECTARES (0.99 ACRES)

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1 RESIDENTIAL DEVELOPMENT DEMOLITION OF EXISTING HOTEL AND ERECTION OF 29 FLATS SITE AREA APPROX HECTARES (0.99 ACRES) Normanton Park Hotel, Normanton Road, South Croydon, Surrey, CR2 7AR FOR SALE

2 LOCATION The subject property is located to the western side of Normanton Road, within a predominantly residential area of South Croydon. Local shopping facilities can be found along Croham Road with more extensive retail and leisure facilities available within central Croydon, including the Whitgift centre and Centrale, approximately 2km (1.25 miles) to the north. South Croydon railway station is within 550 metres of the subject property and provides regular services to London Victoria and London Bridge within Journey times of approximately 25 minutes. Lloyd Park Tram Stop is approximately 750 metres from the subject property and provides services to Wimbledon and Beckenham Junction. Bus services to East Croydon Station are available in Croham Road every 4 minutes at peak times. The property is conveniently located for Croydon's extensive number of primary and secondary schools, including St Peters Primary School on Normanton Road itself, Elmhurst School for Boys and Old Palace School for Girls.

3 DESCRIPTION The site falls within the administrative area of the London Borough of Croydon and extends to approximately 0.40 hectares (0.99 acres) with a frontage along Normanton Road of metres and site depth of approximately 83.5 metres. It currently comprises of The Normanton Park Hotel and its associated grounds. To the rear of the hotel the site slopes gently down in a westerly direction gradually widening to a width of approximately 51 metres along Whitmead Close, with a number of mature trees and shrubs along the sites boundaries and on the lower half of the site. The surrounding properties are residential and comprise a mixture of apartments, terraced housing, semi-detached and detached houses of varying ages. More recent developments include 14 apartments at Eva Court, 40 Normanton Road and 12 apartments at White Gables Court, 3 Normanton Road. Also, Bellway Homes built 20, two bedroom apartments with no affordable housing at 28 Normanton Road.

4 DEVELOPMENT OPPORTUNITY & PLANNING Current Planning Application Planning application (16/02577/P) was validated on Friday 3rd June 2016 with a resolution to grant planning permission decided on the 7 th November 2017 for the: Demolition of the existing hotel; erection of a two/ three storey building with accommodation in roofspace comprising 10 one bedroom, 16 two bedroom and 3 three bedroom flats (29 flats); provision of 25 car parking spaces at rear with access off Whitmead Close and associated refuse and cycle storage. Further to the submission of an Affordable Housing Viability Assessment and subsequent negotiations an agreement has been reached with the Local Planning Authority for an on-site provision of 30.5% affordable housing. A schedule of accommodation highlighting the proposed affordable units is located within the data room. There are 4 TPO s on site. Tree survey included within the data room. COMMUNITY INFRASTRUCTURE LEVY (CIL) Total amount of floor space qualifying for CIL= m2 Mayor 25.94/m2= 20, Croydon /m2= 120, Total Levy= 141, PROPOSED SCHEDULE OF ACCOMMODATION x1 x2 x Total : 29 units

5 TENURE The site consists of two freehold interests: 34 Normanton Road is held under title reference SGL Normanton Road is held under title reference SGL The site is to be sold with vacant possession. PRICE Price upon application. VAT The property is not elected for VAT. LEGAL COSTS Each party is to be responsible for their own legal costs. VIEWING For viewing dates and information get in touch with the sole agents, Stiles Harold Williams. DATA ROOM OFFERS Offers are invited on the assumption that planning will be secured, we are therefore inviting unconditional offers on an informal tender basis in writing and to include the following information: Identity of proposed purchaser. Purchase price. Provide financial evidence of your ability to complete the purchase and track record. Timescales for exchange of contracts and completion of sale. State the name of your solicitor. Any conditions or surveys that are required. No bid to be calculable by reference to any other bid or offer. FURTHER INFORMATION For further information and any enquiry you may have please contact either agent identified below: Richard Plant Alexi Borg Richard Pillow SUBJECT TO CONTRACT Follow link below to data room.