Are you sure you want to delete your account?
You have indicated you do not agree to our terms of use, do you wish to delete your account?
Login
person
lock_outline
Why not sign up?

You will also be registered for the agent to contact you via other means you provide, with information relevant to your property search.

Register
There was an error creating your account, please try again. If the problem persists, please contact us and we will investigate.
Password does not match
How would you like to be contacted?

17 Newport Street, Lambeth, London, SE11

££2,750,000

Residential Development For Sale

Opportunity to purchase an income-producing freehold block of apartments with development potential in a desirable location. The existing property currently is a five-storey building comprising one x 1 bedroom and four x 2 bedroom apartments with a roof terrace. One unit occupies each floor with a roof terrace which can only be accessed by the top floor tenant. The property is fully tenanted with tenants on AST’s producing an income of £110,760 per annum.

Planning was refused in March 2019 for the “Demolition of the existing building and erection of a 15 storey building including basement providing 12 flats with associated cycle storage and refuse storage”. The main reason for the refusal surrounds the view from Courtenay Street which sits in a conservation area and that a view of Big Ben was slightly obscured by the 15 storey development proposed.

Having taken planning advice, we understand a 10-12 storey development would be acceptable or the extension of the existing building to produce a penthouse level. We recommend interested parties to undertake their own research into the planning and development potential of the property.

Our client is seeking unconditional offers only and the asset is held in a Special Purpose Vehicle (SPV) and as such a sale of the company can be arranged.

Vacant possession can be provided and viewings are available by appointment only.


For more information on this opportunity, please contact Nathan King at nathan@cityandcounties.com or call us on 020 8106 8666.

Tenure: Freehold

Brochure

Floorplans

floorplan floorplan floorplan floorplan floorplan floorplan floorplan floorplan floorplan

No EPC available for this property

Arrange a virtual or live viewing

Use this form to request specific information about this property or to arrange a viewing

Office Details

London
Unit 2
2 Delacourt Road
London
SE3 8XA

020 8106 8666
info@cityandcounties.com

Make an Offer on this Property

If you are interested in this property you can make an offer today.