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17 Newport Street, Lambeth, London, SE11


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 or call us on 020 8106 8666.

Tenure: Freehold



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No EPC available for this property

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Office Details

Unit 2
2 Delacourt Road

020 8106 8666

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