Description
The property is located within the London Borough of Southwark, 1.85 miles south of London Bridge, and South Bermondsey Railway Station located a short distance from the site. It is a vibrant and desirable Borough, rich in cultural offerings such as Borough Market and the Tate Modern.
Existing building comprises a former B1 & B2 commercial building providing 18,360 sq ft of accommodation
on a 0.27 acre site. Planning permission approved (18/AP/1049) for a mixed-use scheme of a 9 storey building in parts, delivering 19,214 sq ft (GIA) of B1 commercial accommodation and 56 residential units (17 x 1 beds, 25 x 2 beds and 14 x 3 beds) with 35% affordable housing.
Located 0.6 miles from South Bermondsey Station (London Bridge 4 mins). Planned delivery of the New Bermondsey London Overground Station by 2025 Ideally located to benefit from the New Bermondsey and Old Kent Road Opportunity Area.
Offers are invited in excess of £4,500,000 (Four million, five hundred thousand pounds) for the freehold interest.
Amenities
- Existing building comprises a former B1 & B2 commercial building providing 18,360 sq ft of accommodation on a 0.27 acre site
- Planning permission approved (18/AP/1049) for a mixed-use scheme of a 9 storey building in parts, delivering 19,214 sq ft (GIA) of B1 commercial accommodation and 56 residential units (17 x 1 beds, 25 x 2 beds and 14 x 3 beds) with 35% affordable housing
- Located 0.6 miles from South Bermondsey Station (London Bridge 4 mins)
- Planning permission approved
- Within Old Kent Road area action plan
- Planned delivery of the New Bermondsey London Overground Station by 2025
Accommodation
The areas quoted below are net internal;
- Floor
- Size (Sq Ft)
- Availability
- Ground Floor
- 8,076
- Available
- First Floor
- 10,284
- Available
* Subject to re-measurement and IPMS 3 Measurements available upon request
Lease
Freehold for sale.
Service charge
N/A
Rates
The building has been derated.
Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction.
Property contacts
Vincent Cheung
Philip Martin
