Croydev

Property Investment Ref: PD0121

There is little chance of a quick return to a housing boom despite the possibility of UK prices rising over the course of the year, surveyors say.

NEW Edridge Road

Croydon CR9

A vibrant hub of social and economic activity and a hotspot for redevelopment.

A landmark 23 storey tower development incorporating

133 Flats with ground and 1st floor offices

Croydon is a commercial centre of regional significance with one of the largest office centres (10 million sq ft approximately) in England and one of the largest shopping areas (2.7 million sq ft) in the south east.

It is located approximately 24 km (15 miles) south of central London within London’s largest borough with a population of 336,000 (Office of National Statistics Survey, April 2007).

The town is home to some 20,000 businesses and 24 blue chip companies including Nestle, Mott McDonald and Direct Line

Development with potential

The site is centrally located in Edridge Road within walking distance of Croydon's major shopping facilities and amenities including East Croydon station.

The site, which is generally level extends to approximately 0.21 hectares (0.53 acres).

It has a frontage to Edridge Road of approximately 57 metres and a maximum depth of approximately 38 metres.

The area includes a number of office developments including 1 and 3 Edridge Road (Direct Line Insurance), Impact House, Wrencote House, Grosvenor House and Leon House.

The area further to the south on Edridge Road comprises two storey residential development together with the former Lennig House, a former office building which has been converted to residential flats and which is approaching completion.

The site has until recently been used as car parking by a neighbouring occupier and offers potential for short term income.

Space in crowds

One of the few remaining Palladian Palaces by Matthew Brettingham the Elder forms the centrepiece of this outstanding freehold estate in the heart of Mayfair, little has changed for this historically significant structure in the last 250 years: it has remained the grand statement it always was, still staring across the beautiful expanse of Green Park to Buckingham Palace, quietly holding court in the very heart of one of the greatest cities in the world.

Only now it is rare, unique and, lest we forget, offers 22,000m2 of beautifully proportioned internal space.

So while the exterior brings to mind all the greatness of old England, the interior is open to persuasion.

It would be easier to think of what the building could not be used for than to list its possibilities.