Commercial Site with Development Potential

Philip Walk, London SE15

£POA

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Description

An exciting opportunity to purchase a freehold commercial premises in the increasingly popular Peckham Rye area. The site consists of a yard and a large workshop split into 4 sections that in total offers approximately 830sqm of space. The property is part owner occupied and part rented out. The current income is c. £12,000p/m. With an abundance of new developments currently in planning in the local area, the site also offers a long term residential development opportunity subject to the necessary permissions being granted.

The current tenancies are subject to 6 month rolling licenses. Details to be provided at request.

 

Location

Philip Walk, Peckham, London SE15 3NH

The site is located on Philip Walk which leads directly onto Peckham Rye. Peckham Rye an Rye Lane provide local amenities as well as two major supermarkets and banks. Additionally, Peckham Rye Park is located c 0.3miles from the site. Located in Zone 2, Peckham Rye Overground station is located 0.4 miles away and provides regular routes into London Bridge, London Victoria and various other London Overground stations.

 

Planning History

The vendors made a pre-planning submission in December 2015 and initial feedback has stated that the council would like the site developed in conjunction with the other commercial units within Philip Walk into residential accommodation.

Planning permission was recently granted by Southwark Council on a neighbouring development at 269 Rye Lane for a 6 storey development comprising 29 flats + commercial (16/AP/1896)

 

Accommodation

Description Area sqm
Office 1 132.00
Office 2 83.00
Workshop 1 167.00
Workshop 2 150.00
Workshop 3 184.00
Workshop 4 116.00
TOTAL 832.00sqm

Plans