176-178 Bermondsey Street London, SE1 3TQ Outstanding and Rarely Available Potential Development Opportunity located in the established and fashionable Bermondsey.
Summary Summary Rarely available potential development opportunity (Subject to necessary consents) Potential for residential conversion and extension (to the rear and additional floors) Located in the heart of an established, fashionable and vibrant commercial and residential location Attractive period warehouse style building arranged over three floors Ground Floor commercial use (currently used as a Bakery) with office accommodation on upper floors Site extends to approximately 0.03 hectares (0.07 acres) Freehold available
Location Location Location Plan Street Plan The property is located at the southern end of Bermondsey Street close to its junction with Long Lane. The property benefits from being situated in the heart of a vibrant and fashionable location close to the restaurants, shops and bars of Southwark, Bermondsey and London Bridge. The popular Bermondsey and Borough Markets are also within the immediate vicinity. The area has undergone a significant amount of regeneration to become an established area in which to live, work and relax. The development of the Shard, The Place (London Bridge Quarter), More London and other local office developments are increasing the size of the London Bridge business district and capitalising on its connections with the City on the north side of the River Thames. High quality office space is being complemented by hotels and leisure amenities continuing the regeneration and gentrification of the area. Many of the Warehouse style buildings that once characterised the area have been converted into residential dwellings, making it a competitive location to some of the trendiest spots in East London, including Shoreditch and Hoxton.
Transport Transport The subject property is well connected being conveniently located within 10 minutes walking distance of London Bridge Station and the transport amenity provided therein (National Rail, Jubilee and Northern Line Services). This is one of the best connected locations in South East London with regular services across the South East as well as immediate connections through the London Underground network into Central London. The site has a PTAL Rating of 6b and has excellent transport facilities, being situated within 100m of bus stops providing access into Central London s Transport Network. The site is further served by Borough (Northern Line), Bermondsey (Jubilee Line), and Elephant & Castle (Northern and Bakerloo Line) underground stations located within 12 minutes, 15 minutes and 20 minutes walking distance respectively.
Description Description The subject property is an attractive period warehouse style building with a classic yellow brick façade extending in total to approximately 3,460 sq ft (GIA)*. The property comprises a three-storey building with a one-storey building at the rear and currently comprises a bakery at ground floor level and offices on the upper floors. The site extends to a gross area of approximately 0.03 hectares (0.07 acres). The property sits on the western side of Bermondsey Street which joins with Long Lane to the south and Tooley Street to the north. Gemini House, a mixed use building comprising residential and office, borders the subject property directly to the south. Elm Court, a residential development, borders the subject site directly to the north. Subject to the necessary consents and permissions the subject property provides the potential to extend to the rear of the property and to provide additional floors. *Measurements have been provided to Knight Frank by a third party and in any event cannot be relied upon.
Aerial SUBJECT PROPERTY
Town Planning Town Planning A planning application for a residential led development was submitted in October 2008 but was subsequently withdrawn. It is our understanding that there have been no subsequent planning applications in conjunction with the subject property. DLA Architecture have undertaken a feasibility study for a residential led development which considers four different development options. The full document is available on the secure data website.
Further Info Tenure The subject site is to be sold Freehold. Full title documents are available on the secure data room website. Viewings The property may be inspected strictly by prior appointment only, through the vendor s sole selling agents, Knight Frank LLP. Terms The Freehold interest of the subject property is for sale by way of informal tender on an unconditional basis only.
Contact Contact Woolgate Exchange 25 Basinghall Street London EC2V 5HA EPC Please refer to the Information Website Sophie Shepherd MRICS City & East Residential Development 020 7718 5218 Ellie Cunningham City & East Residential Development 020 7718 5204 Important Notice 1. Particulars; these particulars are not an offer or contract nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing as being factually accurate about the property, its conditionor its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property or development and accordingly any information given is entirely without responsibility on the part of the agents,sellers or lessors.2. Images photographs and other information: Any computer generated images,plans, drawings, accommodation schedules, specification details or other information provided about the property ( information ) are indicative only. Any such information may change at any time and must not be relied upon as being factually accurate about the property. Any photographs are indicative of the quality and style of the development and location and do not represent the actual fittings and furnishings at this development.3. Regulations: Any reference to alterations to the property or use of any part of the development is not a statement that any necessary planning, building regulations or other consent has been obtained. These matters must be verified by any intending purchaser. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London,W1U 8AN, where you may look at a list of members names. Designed by