188 Rye Lane, Peckham, SE15 4NF

A well-positioned freehold comprises an existing commercial building with accommodation arranged over multiple levels, together with a substantial rear element offering clear scope for redevelopment and intensification.

A number of development options have been positively explored for the site, including 9- and 12-unit residential schemes and an alternative co-living/HMO-led scheme. The 9-unit residential proposal has also received positive pre-application feedback, providing a useful planning basis for a purchaser to take forward, subject to the necessary consents. The alternative studies demonstrate the flexibility of the site and its potential to accommodate a range of residential or living-sector uses.


188 Rye Lane comprises a shop and upper parts, currently arranged as ground floor and basement commercial premises (most recently in Sui Generis use) together with residential accommodation to the upper floors.

The existing building extends to approximately 9,196 sq ft (854.31 sq m) GIA, arranged over basement, ground, first and second floors, together with a rear mezzanine - comprising a ground floor shop (44.60 sq m) and rooms to the upper parts (see existing floor plans in the appendix).

The property offers an excellent opportunity for redevelopment and/or refurbishment, subject to planning permission (STPP). The site has the benefit of a positive pre-application response, which has tested the viability of a 9-unit development - see Planning Potential document within data room. The site has also had a prominent local architect review as a coliving scheme, details of which can be provided on request.

The property is offered freehold, with vacant possession available on completion.