Carter Jonas has completed the unconditional sale of a freehold 1.13-acre site in West Croydon to Social Capital Partners. Known as The Old Dairy, the site on Bensham Lane was previously used as car parking and has significant potential for residential development. It is a short distance from West Croydon Station and High Street, which offers a good selection of shops and amenities. Crystal Palace Football Club and Mitcham Common are also within walking distance. The purchase price was not disclosed.
Olivia Cardale, Senior Surveyor, Carter Jonas, said: “It’s a brownfield site in a quiet residential area close to the Station and High Street making it the perfect location for new housing. The proceeds of the sale will help to support the Trust’s service development plans.”
Christopher Stephens, Principal, Social Capital Partners, said: “Our intention is to redevelop the site to provide living solutions for local people in the community. We are in the market for similar sites with this kind of development potential.”