80 Peckham High Street, London SE15 5ED

Offers in excess of £600,000 for the freehold interest

Mixed-use new build development opportunity with planning permission

Commercial unit (Use Class A1) measuring approximately 301ft2

3 urban apartments measuring approximately 1,846ft2

Prominent High Street location

0.3 miles from Peckham Rye Station

Located in Peckham

Freehold

Offers in excess of £600,000

Description

The site is located in a prominent position in the town centre on Peckham High Street. The existing building comprises a retail shop (Use Class A1) on a site area measuring approximately 560ft2. The site now benefits from planning permission for the construction of a four-storey mixed-use development comprising 3 urban 1 bed apartments and commercial space.

Location

The property is located in Peckham, South East London within the London Borough of Southwark. Peckham High Street itself is a busy, cosmopolitan area with many multi-cultural shops and cafes. Number 80 is directly opposite the award winning Peckham library.

Regeneration in recent years has made Peckham the cool south London version of Shoreditch. A disused multi-storey car park off Rye Lane has been converted into a major arts venue, with the unique rooftop bar, Franks Café on the 10th floor. The Bussey Building next door has a cinema, theatre and host various live music acts.

Transport

The nearest transport links include Peckham Rye and Queens Road Peckham Stations (London Overground), with trains into London Bridge taking 14 minutes. Peckham Bus Station is 300ft from the property which is a major transport hub with many bus routes covering South London and into Central London. The nearby A2 links Peckham to junction 2 of the M25.

Planning Permission

The site was granted planning permission on the 26th October 2017 under application number 17/AP/3285 for the construction of a mixed-use development comprising ground floor (Class A1) retail space and 3 x self-contained flats over 3 floors plus mezzanine.

For further information, please contact Southwark Council on 0207 525 5403.

VAT

We understand that VAT is not applicable.

Viewings

Please contact a member of the Highfield team for viewing arrangements.

Tenure

Freehold.

Financial Contributions

The property is liable for a Mayoral CIL and Southwark CIL of approximately £19,479.

Additional Information

Planning and other related documents will be sent in the form of an information pack that can be requested from a member of the Highfield team.

Terms

We are inviting offers in excess of £600,000 for the freehold interest.

Buyers note: 80 Peckham High Street is let for a term of 10 years from 3rd April 2009, at a rental income of £23,000 per annum. All correspondence can be found in our further information pack.

Schedule

Consented scheme
Consented scheme Residential schedule
Consented scheme Units
Type
Beds
Ft2
M2
Consented scheme 1
1st floor apartment
1
544
50.5
Consented scheme 2
2nd floor apartment
1
538
50
Consented scheme 3
3rd floor apartment
1
764
71
Consented scheme
Total
1846
171.5
Consented scheme
Consented scheme Commercial schedule
Consented scheme Units
Floor
Description
Ft2
M2
Consented scheme 1
Ground
A1
301
28
Consented scheme
Total
301
28

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.