Chevron Apartments, 294-304 St. Jamess Road, Bermondsey, London, SE1 5JX

£500,000

Size

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Tenure

Freehold

EPC

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Parking

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Primary use
Commercial development

No floor / site plan

Key features

  • Freehold
  • Airspace development opportunity with planning permission to create 15 residential apartments
  • The freehold includes ground rent income from 34 existing flats sold off on long leases producing an annual ground rent of £11,050 per annum
  • Pricing £500,000

Description

Redeveloped in 2014, this brick built, three storey former office with art deco style windows provides 34 residential units, all of which have been sold off on long leases producing an annual ground rent of £11,050 per annum. The property sits on a self-contained site with a small forecourt area to the front and is accessed by way of a double height entrance foyer with two internal courtyard areas, one with vehicle / bike access via a roller shutter door.

The property is located on St James’ Road, within the London Borough of Southwark and the Old Kent Road Opportunity Area. The Old Kent Road Opportunity Area is allocated for major regeneration in the Old Kent Road Area Action Plan (OKR AAP) which includes circa 700 acres of commercial use, 20,000 new homes and 3 new Underground stations including two on the Bakerloo line extension and one Overground station. Further information can be found here:
The nearest station is South Bermondsey train station providing services to London Bridge in under 15 minutes with Bermondsey underground station being a 20 minute walk away providing Jubilee line services to central London and Canary Wharf both within 10 minutes.

Viewing by appointment with the sole agents.

A resolution to grant planning permission was given in 2022 (19/AP/6395) for the
erection of an additional 4-storeys to create 15 residential apartments (8 x 1 bed, 5 x 2
bed and 2 x 3 bed units) totalling 10,372 sq ft.

Further information is available within our dataroom. Please contact Tydus for dataroom access.
Additional information
Service charge
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Business rates
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Listed building
No
Business for sale
No
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Environmental data
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Environmental description
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Read more about energy considerations for commercial property

Chevron Apartments, 294-304 St. Jamess Road, Bermondsey, London, SE1 5JX

NEAREST STATIONS

National Rail

South Bermondsey Station

0.51 miles

London Underground

Bermondsey Station

0.8 miles

London Overground

Surrey Quays Station

0.92 miles

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Disclaimer - Property reference 226394-1. 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 Tydus Peterborough, Peterborough. 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.