Freehold Public House with Planning Permission

Southwark Park Road, London SE16

£1,500,000

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Description

An opportunity to purchase a freehold public house in the highly desirable location of Bermondsey.

The existing property is a three-storey building with the pub occupying the ground and basement floors and living accommodation on the first and second floors. The site measures 0.07 acres in size with the existing Gross Internal Area measuring 4,765 square feet across all four floors.

In April 2019, the property was granted planning permission for the refurbishment of the existing public house and construction of a 5 storey extension to the rear and  2 storey addition above the pub in order to provide 7 x residential dwellings (6 x 2 bed and 1 x 1 bed).

The property will be sold with vacant possession and is in a good location for residential development and pub operators alike.

Unconditional offers are encouraged in excess of £1,500,000.

Location

418 Southwark Park Road, London SE16 2ET

The property is located in Bermondsey which plays host to a number of shops, bars and restaurants. It is only a few minutes bus ride to Central London or a short walk.

The site is only a few minutes’ walk from Bermondsey Tube station which has a travel time of only 2 minutes to London Bridge via the Jubilee Line. The location is perfect for nights out, young families and commuters.

Planning History

Planning Granted in April 2019 - 18/AP/4174 | Refurbishment of existing public house and construction of a 5 storey extension to the rear and two-storey addition above the pub in order to provide 7 x residential dwellings (6 x 2 bed and 1 x 1 bed).

Planning Refused in 2015 - 14/AP/4668 | Demolition of existing public house and erection of a building of four storeys in height to provide commercial/retail use on the ground floor with residential accommodation comprising 6 x 1 bed (2 person) and 3 x 3 bed (4 person) flats on the upper floors.

Plans