Freehold Russell Hill Road, Purley, Croydon, CR8 2LD

£1,150,000

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Property Summary

A unique opportunity to purchase this two-storey detached commercial investment property with future development potential, subject to gaining any necessary planning consent. The property is configured into various rooms comprising classrooms, managers office, w/c facilities, kitchen and conservatory. The property also benefits from a large rear garden and sizeable front driveway.

The Auctioneers have not been able to inspect the property, therefore, are unable to confirm the condition or layout of Russell Hill Road, Purley.

Situation Situated on the eastern side of Russell Hill Road, within the London Borough of Croydon. Purley town centre and Purley Railway Station are approximately 500 metres south, with Purley town providing various amenities including national and local retailers and restaurateurs.

Accommodation Ground Floor 164.76 sqm / 1,773 sq ft
First Floor 98.47 sqm / 1,060 sq ft
Total Approximate Floor Area – 263.23 sqm / 2,833 sq ft

Tenancy Let to a private individual on a full repairing and insuring lease for a term of 15 years from and including 1 November 2024. The current passing rent is £74,750 per annum exclusive. Rent reviews are dated 1 November 2027 and every third anniversary of that date.

Rateable Value - To be assessed

Council Tax- Band G

EPC Rating - D

lot type

Commercial Investment

private treaty - sale status

FOR SALE BY AUCTION 21 OCTOBER 2026

type

Freehold Commercial Investment Property with Driveway and Large Rear Garden Producing Approximately £74,750 per annum exclusive

description

A unique opportunity to purchase this two-storey detached commercial investment property with future development potential, subject to gaining any necessary planning consent. The property is configured into various rooms comprising classrooms, managers office, w/c facilities, kitchen and conservatory. The property also benefits from a large rear garden and sizeable front driveway.

The Auctioneers have not been able to inspect the property, therefore, are unable to confirm the condition or layout of Russell Hill Road, Purley.

Situation Situated on the eastern side of Russell Hill Road, within the London Borough of Croydon. Purley town centre and Purley Railway Station are approximately 500 metres south, with Purley town providing various amenities including national and local retailers and restaurateurs.

Accommodation Ground Floor 164.76 sqm / 1,773 sq ft
First Floor 98.47 sqm / 1,060 sq ft
Total Approximate Floor Area – 263.23 sqm / 2,833 sq ft

Tenancy Let to a private individual on a full repairing and insuring lease for a term of 15 years from and including 1 November 2024. The current passing rent is £74,750 per annum exclusive. Rent reviews are dated 1 November 2027 and every third anniversary of that date.

Rateable Value - To be assessed

Council Tax- Band G

EPC Rating - D