Commercial property for sale in 59-61 Old Kent Road, London, Greater London SE1, £2,500,000
2,500,000.00
Offer Nr.:
65838274
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Acorn - London Bridge Commercial
Phone(s):
020 8166 3061
Email:
* Freehold
* Office building for sale on the Old Kent Road (E use class)
* Part 1/Part 3 storeys
* Positive pre - app for 6 storey mixed - use building (no basement)
*Lapsed permitted development approval (2014)
* Within Old Kent Road opportunity area
* Offers in the region of £2, 500, 000 f/h
An opportunity to acquire an officebuilding (E use class) on the Old Kent
Road which offers potential for re - development (stpp). The existing building
comprises a part 1/part 3 storey building measuringc5, 125sqft which is laid
out as multiple offices. To the rear there is a car park suitable for 2 - 3
vehicles. The property is positioned on the corner of AberdourStreet & the
Old Kent Road, the A2/A201 flyover runs adjacent to the site. The site is well
connected via the Bricklayers Arms Roundabout which sits opposite, itprovides
road links to Elephant & Castle, London Bridge and further into the Old Kent
Area. The site is located within the Old Kent Road opportunity area, andif
developed, could become a landmark building and gateway to the Old Kent Road.
In March 2023 the vendor had a positive pre - application with Southwark Council
for aproposed 6 storey new build mixed use scheme (a copy of the pre -
application and response can be provided upon request).
The property is currently rented on a short -term basis and produces
£70, 600pax. The ground and first floor are let to a single tenant at a passing
rent of £60, 000pax until 2025, and the second floor is holdingover at
£8, 000pax. There is a licence agreement with an internal telephone mast
company at £2, 600pax which has expired. There is 800sqft of vacant space on
the topfloor.
The vendor is seeking offers in the region of £2, 500, 000, unconditional offers
preferred.
* Office building for sale on the Old Kent Road (E use class)
* Part 1/Part 3 storeys
* Positive pre - app for 6 storey mixed - use building (no basement)
*
* Within Old Kent Road opportunity area
* Offers in the region of £2, 500, 000 f/h
An opportunity to acquire an office
Road which offers potential for re - development (stpp). The existing building
comprises a part 1/part 3 storey building measuring
out as multiple offices. To the rear there is a car park suitable for 2 - 3
vehicles. The property is positioned on the corner of Aberdour
Old Kent Road, the A2/A201 flyover runs adjacent to the site. The site is well
connected via the Bricklayers Arms Roundabout which sits opposite, it
road links to Elephant & Castle, London Bridge and further into the Old Kent
Area. The site is located within the Old Kent Road opportunity area, and
developed, could become a landmark building and gateway to the Old Kent Road.
In March 2023 the vendor had a positive pre - application with Southwark Council
for a
application and response can be provided upon request).
The property is currently rented on a short -
£70, 600pax. The ground and first floor are let to a single tenant at a passing
rent of £60, 000pax until 2025, and the second floor is holding
£8, 000pax. There is a licence agreement with an internal telephone mast
company at £2, 600pax which has expired. There is 800sqft of vacant space on
the top
The vendor is seeking offers in the region of £2, 500, 000, unconditional offers
preferred.
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