302-314 New Cross Road, London, SE14 6AF
Offers in Excess of
£3,000,000
£195.12 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
15,375 sq ft
1,428 sq m
- SECTOR
Office for sale
Key features
- Freehold ownership of a high-profile site with strong redevelopment potential.
- Offers are invited in excess of £3,000,000 for the Freehold interest, subject to contract and exclusive of VAT.
Description
Description
A substantial Freehold site comprising six mixed-use buildings with significant redevelopment potential, located on a prominent corner in New Cross – one of South London’s most vibrant and evolving neighbourhoods.
A rare opportunity to acquire a vacant, underutilised Freehold in a high-demand South London location with a clear route to planning and value creation. Suitable for residential-led mixed-use redevelopment or a comprehensive refurbishment strategy.
302-314 New Cross Road consists of a parade of six, mixed use terrace properties. Previously retail and upper parts (mix of office and residential), but now fully stripped out and fully vacant, save for 314 New Cross Road, which maintains its retail use as a bookshop. The opportunity also includes a large rear site which is currently unused and could be engaged as part of any future redevelopment, subject to planning.
The property is offered with the benefit of a positive pre-application for a proposed development to provide 19 residential units over the upper
floors and newly refurbished ground floor retail space, with basement storage. The new scheme will provide 15,339 sq ft residential GIA and 2,239 sq ft. Class E NIA, Total of 17,577 sq ft.
Previously, commercial (retail) units to the ground floor with a mix of non-residential institution (Use Class D1) and residential units (Use Class C3) located above.
Location
Located in New Cross, a well-connected Zone 2 location popular with young professionals and students. Excellent transport links via New Cross and New Cross Gate Stations (Overground & National Rail), providing fast access to London Bridge and the City. Surrounded by strong local amenity, with a growing cultural, retail and food scene anchored by nearby Goldsmiths University.
New Cross Road is a significant thoroughfare in the New Cross district of South East London. The area is known for its vibrant community and proximity to various amenities. It hosts a mix of residential and commercial properties, including shops, cafés, and restaurants.
The site sits on the corner between New Cross Road and Laurie Grove. New Cross Road is a commercial through road hosting shops, bars, restaurants and other amenities. Laurie Grove is a predominantly residential street leading to the centre of the Goldsmiths Campus.
Terms
Offers are invited in excess of £3,000,000 for the Freehold interest, subject to contract and exclusive of VAT. An asset purchase at this level reflects
an attractive capital value of £195 per sq ft on the existing area and only £171 per sq ft on the proposed area.
Development Potential
The proposed development at 302-314 New Cross Road aims to create a mixed-use scheme that aligns with the heritage of the site and addresses both residential and commercial needs supported by Lewisham Council and will form a part of the New Cross Area Framework progression.
The proposal includes refurbished commercial spaces along New Cross Road, bringing the high street units back into active use. Commercial units
would range from 27 sq m to 46 sq m in size, aiming to activate the frontage and re-engage with the local community.
A substantial Freehold site comprising six mixed-use buildings with significant redevelopment potential, located on a prominent corner in New Cross – one of South London’s most vibrant and evolving neighbourhoods.
A rare opportunity to acquire a vacant, underutilised Freehold in a high-demand South London location with a clear route to planning and value creation. Suitable for residential-led mixed-use redevelopment or a comprehensive refurbishment strategy.
302-314 New Cross Road consists of a parade of six, mixed use terrace properties. Previously retail and upper parts (mix of office and residential), but now fully stripped out and fully vacant, save for 314 New Cross Road, which maintains its retail use as a bookshop. The opportunity also includes a large rear site which is currently unused and could be engaged as part of any future redevelopment, subject to planning.
The property is offered with the benefit of a positive pre-application for a proposed development to provide 19 residential units over the upper
floors and newly refurbished ground floor retail space, with basement storage. The new scheme will provide 15,339 sq ft residential GIA and 2,239 sq ft. Class E NIA, Total of 17,577 sq ft.
Previously, commercial (retail) units to the ground floor with a mix of non-residential institution (Use Class D1) and residential units (Use Class C3) located above.
Location
Located in New Cross, a well-connected Zone 2 location popular with young professionals and students. Excellent transport links via New Cross and New Cross Gate Stations (Overground & National Rail), providing fast access to London Bridge and the City. Surrounded by strong local amenity, with a growing cultural, retail and food scene anchored by nearby Goldsmiths University.
New Cross Road is a significant thoroughfare in the New Cross district of South East London. The area is known for its vibrant community and proximity to various amenities. It hosts a mix of residential and commercial properties, including shops, cafés, and restaurants.
The site sits on the corner between New Cross Road and Laurie Grove. New Cross Road is a commercial through road hosting shops, bars, restaurants and other amenities. Laurie Grove is a predominantly residential street leading to the centre of the Goldsmiths Campus.
Terms
Offers are invited in excess of £3,000,000 for the Freehold interest, subject to contract and exclusive of VAT. An asset purchase at this level reflects
an attractive capital value of £195 per sq ft on the existing area and only £171 per sq ft on the proposed area.
Development Potential
The proposed development at 302-314 New Cross Road aims to create a mixed-use scheme that aligns with the heritage of the site and addresses both residential and commercial needs supported by Lewisham Council and will form a part of the New Cross Area Framework progression.
The proposal includes refurbished commercial spaces along New Cross Road, bringing the high street units back into active use. Commercial units
would range from 27 sq m to 46 sq m in size, aiming to activate the frontage and re-engage with the local community.
Brochures
302-314 New Cross Road, London, SE14 6AF
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- New Cross Gate Station0.1 miles
- New Cross Station0.2 miles
- Deptford Station0.5 miles
Notes
These notes are private, only you can see them.
Disclaimer - Property reference 299662-1. 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 Avison Young (UK) Limited, London Markets. 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.
Map data ©OpenStreetMap contributors.