The Oakwood Group negotiated the purchase of this former industrial site in the London Borough of Croydon on a subject to planning permission basis.
The Site is located between Gloucester and Milton Road in Croydon and comprised a collection of dilapidated warehouses and office accommodation. The majority of the buildings had been vacant for over fifteen years and consequently were in an extremely poor state of repair.
The Site was the subject of four failed planning application since 2002. The Local Authority were historically resistant to any development which resulted in the loss of commercial floorspace.
Consultation with the Local Authority and the local community commenced in August 2014 and lasted for a period of fourteen months.
The extensive consultation played a fundamental role in formulating a planning application for 81 residential units and 1900sqm of commercial floorspace, which was formally submitted to the London Borough of Croydon in late October 2015
Planning Permission was then granted, under delegated powers and within the statutory time period, on 28 December 2015. The application received just two objections.