Parish Lane, London, SE20

Guide Price £825,000

Situated on a prominent corner plot in the heart of Penge, Parish Lane presents a rare and exciting development opportunity (STPP). Previous planning permission was granted for a two-storey rear extension to create four two-bedroom flats with three parking spaces; however, this permission has now lapsed. The property is just a short walk from Kent House Station and local amenities, offering excellent visibility and convenience.

Extending to just over 2,000 sq ft, the building comprises two commercial premises on the ground floor, together with a spacious two-bedroom flat and a generous three-bedroom flat arranged over the upper floors. With its mixed-use configuration and prime location, the property offers excellent potential for redevelopment, refurbishment, or continued investment.

To the rear of the property is a garden area that could be enhanced for residential use or future development potential, subject to the necessary consents. The site also benefits from advertising billboards, generating an additional income of approximately £2,500 per annum. The combination of size, location and supplementary income makes this an appealing proposition for developers, investors or owner-occupiers seeking to maximise value.

The property is well located for a range of amenities, with an array of shops, cafés and local services within approximately 0.1 miles. Kent House Station is approximately 0.4 miles away, offering direct links into Central London, while Clock House Station is also within easy reach. The area is served by a selection of local schools, including Alexandra Infant School (approximately 0.3 miles) and Harris Academy Beckenham Green (approximately 0.5 miles). Nearby Alexandra Recreation Ground provides excellent green space for leisure and outdoor activities.

Tenure: Freehold
Council Tax Band: TBC
Local Authority: London Borough of Bromley

Viewing: By appointment via Truepenny's.

Truepenny's Property Consultants for themselves and for the owner of this property for whom we act as agents, give notice of the following: (1) these particulars do not constitute any part of an offer or contract, (2) all statements contained within these particulars are made without responsibility on the part of the Landlord/Vendor or Truepenny's Property Consultants, (3) none of the statements contained within these particulars are to be relied upon as a statement of representation or fact, (4) any intending tenant/buyer must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained within these particulars, (5) the Landlord/Vendor does not make or give Truepenny's Property Consultants, or any person in their employment, any authority to make or give any representation or warranty whatsoever in relation to this property, and (6) any computer-generated images, virtually staged images, artists' impressions and floorplans are used purely for illustrative purposes only. They are intended to show what furnishings or fixtures could look like at the property and do not necessarily represent the actual furnishings and fixtures which may be present at the time of inspection.