191 Rye Lane, Peckham
London SE15 4TP
Offers in excess of £350,000
Freehold development opportunity retail unit and 3 residential flats
Planning permission for a mixed-use development
1 retail unit and 3 self-contained flats
Offers in excess of £250,000
The building was previously a retail shop on the ground floor, which was let to Greggs PLC for £23,250 per annum with residential upper parts. The entire building was destroyed by fire caused by the London Riots in August 2011. The property now benefits from planning permission and conservation area consent to replace the property with the addition of a third floor to create a ground floor retail unit and 3 residential apartments, 2 × studios and 1 × 2 bedroom apartment. The property may also offer further increased development potential subject to gaining the necessary consents.
Further information including a full set of existing and proposed plans, decision notice and conservation area consent are available upon request.
Location & transport
Peckham is one of London’s most historic locations and has benefited from vast regeneration in recent times including the award winning Peckham Library, the new town square and swathes of new housing to replace the North Peckham Estate. The nearest transport links include Peckham Rye and Queens Road Peckham Stations.
The property is located on Rye Lane within the Rye Lane Peckham Conservation Area, which is within the commercial core of Peckham and one of the most important shopping streets in South London. The area is identified in the London Plan as one of 35 major centres in Greater London and with the recent influx of cafés, wine bars, niche shops and artists’ studios Peckham offers great local amenities to one of London’s most diverse communities.
Planning was granted on the 14th October 2013 under planning application – 13/AP/1071 for the construction of a new part 4, part 3 storey building with a 2 storey rear section comprising a commercial A1 unit (retail) on the ground floor with three floors of residential accommodation above comprising 2 × studio units and 1 × 2 bedroom unit. For any further planning enquiries please contact Southwark Council Planning Department 0845 600 1285
We understand VAT is not applicable.
We are instructed to seek offers in excess of £350,000 for the vacant freehold interest.
Due to the building being derelict viewings can be adequately made from the roadside.
Please note the information provided by Highfield Investments London Limited, trading as Highfield Investments has been given in good faith, however all parties must undertake their own due diligence to satisfy themselves in regards to accuracy.