Development,Industrial for sale in Weighton Road, Penge, London
Located just half a mile from Birkbeck Station this site is situated on Weighton Road, a predominantly residential street which sits between Penge and South Norwood. A planning application was submitted in September 2021 for the construction of a detached 3 storey building (no basement) that will comprise three 1 bedroom flats, one studio flat and a commercial unit. A previous planning application made in 2020 for a detached 4 storey building (no basement) comprising five 1 bedroom flats and a commercial unit was rejected, however, our client believes the reasons for the refusal have now been overcome.
We understand stamp duty rates are expected to be at the commercial rate. Buyers are advised to take their own advice on this matter.
Subject to planning approval, all the proposed flats will fall well within the Help To Buy bracket, and we don't envisage this site being on the market for long.