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SOLD STC

Westminster Bridge Road, London, SE1

Guide Price
£3,750,000

£464.34 per sq ft

Business rates & charges may apply

Dexters Development & Investment, Land & Development South London
SIZE AVAILABLE

8,076 sq ft

750 sq m

SECTOR

Residential development for sale

Key features

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

Description

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

Constructed 1902, Westminster Bridge House, was 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.

The grand façade and arched entrance provides access to this ornate Edwardian building featuring circa 750 square metres (8,076 sq ft) of internal space. The building is arranged over six floors plus a basement room and is currently designated as office space (Use Class E).

This historic building will be sold with the benefit of 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).

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.

Planning:

Draft Permission for Development was Granted on the 19th of January 2024 by the London Borough of Lambeth (Planning Application Reference 23/02976/FUL) 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. This approval is subject to the completion of a Section 106 Agreement which is currently being signed off.

In conjunction the Listed Building Application (Planning Application Reference: 23/02977/LB) was validated by the London Borough of Lambeth on the 18th of September 2023 and is currently pending determination. This approval is also subject to the completion of a Section 106 Agreement which is currently being signed off.

We have been advised that the proposed schemes as detailed within Planning Application References 23/02976/FUL and 23/02977/LB will not be liable to any Community Infrastructure Levies or Section 106 financial contributions.

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, Land & Development South London

Dexters Wimbledon, 12 The Broadway London SW19 1RF

Dexters Development & Investment, Land & Development South London

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 Grou

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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, Land & Development 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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