Thomas A Becket, 320 Old Kent Road, London SE1 5UE
Offers in excess of £1,900,000
World Famous Freehold Invesment with Development Potential
Sir Henry Cooper's former boxing gym
ERV of £140,000 per annum
Approximately 8,568sq.ft in size
Offers in excess of £1,900,000
Ground & basement floor commercial of approximately 4,352sq.ft.
Highfield Investments are pleased to offer for sale the world famous Thomas A Becket on Old Kent Road. This magnificent building packed with history and character offers a great rental income and potential to redevelop subject to gaining the necessary consents. The ground and basement floors of approximately 4,352sq.ft, with it’s rough, urban Victorian shell and exposed brick walls are currently vacant and offer the potential for a number of different commercial uses and benefits from an estimated rental value of approximately £60,000. The existing upper parts which offer a wealth of legendary boxing history comprises of a studio flat and a three bedroom apartment on the first floor and a HMO consisting of nine rooms on the second and third floors. The residential units are currently producing an income of approximately £83,040 per annum.
The property is located in the heart of Old Kent Road, South East London. The area offers a rich community of local shops, businesses and eateries. Within close distance are the famous Borough Market and the South Bank of the Thames, home to the Tate Modern and Shakespeare’s Globe Theatre.
The Thomas A Becket derives it’s name from being within the immediate vicinity of what was St Thomas-a- Waterings, a crossing point of the River Neckinger, which marked a boundary in the Arch Bishop of Canterbury’s
authority of the nearby manors in Southwark and Walworth. “And forth we riden a little more than pas Unto the watering of St Thomas And there our hoste began his hors’ arest” An extract from Geoffrey Chaucer in The Canterbury Tales. This was a usual resting place for pilgrims en-route to Thomas A Becket’s shrine.
On the first floor of the Thomas A Becket was a gym where Sir Henry Cooper, former British, European and Commonwealth Heavyweight Champion trained for six days a week for the majority of his career. “I lost loads of sweat upstairs” a quote from Sir Henry Cooper. Muhammad Ali, Joe Frazier and Sugar Ray Leonard were also all known to have trained there at some point during their careers.
In the early 1970’s David Bowie rehearsed his Ziggy Stardust and the Spiders from Mars on the second floor of the Thomas A Becket.
The property is located within close proximity to South Bermondsey Train Station, which runs directly into London Bridge (Jubilee and Northern lines) within five minutes. Elephant & Castle Overground and Underground Stations (Bakerloo and Northern Lines) are also within walking distance, providing access into Central London. Old Kent Road is well serviced by several bus links connecting to Liverpool Street, Kings Cross and Lambeth North.
In our professional opinion the existing property offers an opportunity to reconfigure and redevelop to maximise the value of this landmark building, subject to gaining the necessary consents.
For further information please contact Southwark Council Planning Department on 020 7525 5403.
We understand that VAT is not applicable regarding this sale.
Strictly by appointment only, to be arranged with sole agents Highfield Investments.
Offers in excess of £1,900,000 for the freehold interest.
Buyers note: The property will be placed in the forthcoming Savills Auction on the 28 July if not sold prior.
Copies of the existing floor plans, AST agreements and further interior images are available upon request.
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.