The building will be transformed into a mixed-use development comprising 223 private residential apartments, retail space, a café and a crèche accommodating up to 80 children.
The private residential apartments will be spread up to eight storeys, with a staggered roofscape and roof gardens to ensure that all apartments benefit from great views and natural light. All apartments will have private balconies or terraces.
Modern landscaping of the site will allow for a large communal residents’ garden featuring an abundance of plants and shrubs as well as recreational areas with plenty of space for children to play safely.
The sustainably-built development will feature London Yellow Stock brickwork, providing a connection to nearby residential buildings as well as the surrounding landscape.
The development benefits from excellent connectivity to central London, just 23 minutes by train to Charing Cross or Cannon Street from Lower Sydenham railway station. The development will also feature an underground carpark with provision for motorcycles and bicycles as well as cars.
Ben Marsh, Development Director at Crest Nicholson’s London division, said: “This new development of contemporary apartments in Lower Sydenham will bring much needed choice to the local property market. We are delivering the option of modern apartment living to those looking to buy property in this sought-after area, which is dominated by larger houses.”
Marsh & Parsons have been appointed acting agents. Charles Holland, Director at Marsh & Parsons, said: “Having identified the Dylon acquisition for Crest Nicholson on an off-market basis, we now look forward to working alongside them as the development phase commences. The site is set to deliver much needed high quality apartments and amenities to Lower Sydenham, and benefits from a direct rail link in close proximity to the property into two of the capital's major transport hubs. As such the scheme will be of significant interest to owner-occupiers and investors alike.”
Properties will be available for sale in September 2016 with first completions scheduled for May 2017. For more information or to register your interest call 020 3640 7577 or visit www.crestnicholson.com.