Freehold Mixed-Use Commercial Building with Development Potential

Plumstead High Street, London SE18

£1,750,000

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Description

The property comprises a mixed-use building with a retail unit and social club on the ground floor. The site totals 0.08 acres. The retail unit is occupied by Paddy Power and the Belfry social club is operated by a private tenant. The upper floors form a part-built development site of 4 x 1 bed flats. Both commercial units and the residential element all have their own dedicated access.

There may be scope to achieve an enhanced planning consent and increase the number of residential units subject to obtaining the necessary planning consent.

Location

100 Plumstead High Street, London SE18 1SJ

The property has a prominent location on the corner of Plumstead High Street and Gallosson Road in the London Borough of Greenwich. The property is on the south side of Plumstead High Street, which runs east-west connecting West Heath in the east with Woolwich to the West. Winn’s Common, which provides outdoor recreational space is 0.5 miles to the south.

The site is well served by public transport as Plumstead mainline station is 0.3 miles to the west, which provides a mainline service into London Bridge in 30 minutes. Woolwich Arsenal is one stop to the west and from Autumn 2021 this will provide Crossrail services which will add up to an extra 12 trains an hour. Train times from Woolwich Arsenal to Bond Street will be 21 minutes and to London Heathrow will be 56 minutes.

Planning History

19/1934/F Internal reconfiguration for the provision of 4 x 1-bed residential units, alteration to west elevation to create entrance door, repairs to external facade on west elevation at first floor level and insertion of a rooflight in the rear roof slope.

Accommodation

UNIT SIZE (SQM) SIZE (SQFT)
Retail 85.0 915
Social Club 171.6 1,847
Flat 1 55.5 597
Flat 2 42.5 457
Flat 3 42.1 453
Flat 4 45.0 484

Plans