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Westminster Bridge Road, London, SE1

Guide Price
£3,250,000

£402.43 per sq ft

Business rates & charges may apply

Dexters Development & Investment, South London
SIZE AVAILABLE

8,076 sq ft

750 sq m

SECTOR

Residential development for sale

Key features

  • Residential development opportunity
  • Full planning permission for 7 luxury private residential apartments
  • Iconic Grade II Listed landmark building
  • Circa 750 square metres (8,076 sq ft) of internal space
  • Former offices and first-class entrance to the London Necropolis Railway
  • Located 430 metres of London Waterloo Station
  • Located 90 metres of Lambeth North underground station
  • Unencumbered Freehold

Description

Dexters are delighted to introduce for sale this iconic Grade II Listed landmark building located on Westminster Bridge Road within close proximity to London Waterloo station.

The property benefits from full planning permission for the change of use from the existing office space (Use Class E) to residential dwellings (Use Class C3) creating seven luxury private residential apartments (4nos. one-bedroom apartments and 3nos. two-bedroom apartments).

Constructed 1902, Westminster Bridge House was used as the former offices and first-class entrance to the London Necropolis Railway, providing access to the London Necropolis Railway Station commonly known as "Cemetery Station".

The station closed in 1941, and the building was subsequently purchased by Transmarine Shipping Agencies Limited and used as their London Head Offices until 1987 when the property was acquired by Picasso Investment Corporation.

Planning

Planning Application Reference 23/02976/FUL was GRANTED on the 9th of August 2024 by the London Borough of Lambeth for the change of use of existing office space (Use Class E) to seven residential dwellings (Use Class C3) and the erection of a two-storey extension to rear plus associated alterations.

The application is subject to a Section 106 Agreement and a Community Infrastructure Levy (CIL) of £457,156.97 indexed.

In conjunction the Listed Building Application, Planning Application Reference: 23/02977/LB was also GRANTED by the London Borough of Lambeth on the 9th of August 2024.

All levies and charges associated with Planning Applications 23/02976/FUL and 23/02977/LB are the 'purchasers' responsibility.

Location

Centrally located within 90 metres of Lambeth North underground station and within 430 metres of London Waterloo Station.

The Palace of Westminster, the meeting place of the Parliament of the United Kingdom commonly known as the Houses of Parliament is located with 725 metres.

Whilst Westminster Abbey, formally titled the Collegiate Church of Saint Peter at Westminster is within 950 metres and the Imperial War Museum is within 375 metres.

St James Park is located with 1.16 Kilometres providing 57-acres of open parkland. The park is Grade I listed on the Register of Historic Parks and Gardens and park is bounded by Buckingham Palace to the west, The Mall to the north, Horse Guards to the east, and Birdcage Walk to the south.

Brochures

Westminster Bridge Road, London, SE1

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lambeth North Station0.1 miles
  • Waterloo Station0.3 miles
  • Waterloo East Station0.4 miles

About Dexters Development & Investment, South London

Dexters Wimbledon, 12 The Broadway London SW19 1RF

London covered

Our dedicated team of specialists have a well-established track record of achieving clients more than the market value for land, development and investment projects across the capital. Members of RICS, our qualified chartered surveyors uphold their reputation for integrity and professionalism.

Based in one of the Dexters ‘Centres of Excellence, our experts focus solely on development services for clients including Croudace Homes, Barratt Homes, Berkeley Group, Crest Nicholson, Metropolitan Housing, Henley Homes and Ballymore Group.

Landowner support

We guide land and property owners on the development potential of their assets and can help every step of the way through the planning minefield whilst providing guidance on the type of development you are likely to achieve. Working with our third-party planning and design team we can help you to visualise the concept, and assess the costs to build and value the end asset.

Land disposal

We can advise on the value of land, and explore development opportunities. Once we have assessed both the current value and the development value we can guide you on the best route to market.

Land acquisition

Our expert teams deal with development sites that are on the market, along with those that are being marketed “off market” and low-key.. If you are looking to invest or develop in these types of projects we can help source suitable opportunities, assess their future value and ultimately help you to acquire them.

Investment acquisition / disposal

We acquire and sell all types of investment assets from portfolio sales, whole block pre-sales, HMO's and mixed use (residential/commercial) Freeholds in the High Street. Whether you are looking to buy or sell an investment property we can help with valuations, comparable evidence, finding tenants, full management and block management..

New Homes sales & marketing

Whether in London or overseas, we can advise developers and housing associations on the unit mix, pricing, legislation, finance and buyer profiles.

Notes

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Disclaimer - Property reference 121WestminsterBridgeRoad. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dexters Development & Investment, South London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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