Union Street, SE1 - London Bridge Estate Agents

London Bridge, Union Street, SE1

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Key features:

  • Land
  • Freehold
  • Vacant Possession
  • Great Location
  • Excellent Transport Links
  • Planning Permission for Mixed Use Development
  • 5 Floors
  • Development Opportunity

Full Description:

A rectangular shaped site totaling approximately 1000sqft, which has been utilized as a Universal Tyre fitters and comprises of a lock up ground floor retail unit (with A1 use).

The vendor has been granted planning permission for a mixed use development set over 5 floors by Southwark Council under planning application number: 16/AP/0547 (Demolition of existing structures on the site; erection of a four storey building and excavation of a basement to provide an office (use class B1) in the basement and ground floor and 3 one bedroom dwellings (use class C3) on the first, second and third floors).

The measurements for the 5 elements to this scheme are as follows –

* Basement unit 1 Commercial  – 79 square meters or 850.4 square foot.
* Ground unit 1 Commercial – 59 square meters or 635 square foot
* First unit - residential – 66.5 square meters or 716 square foot.
* Second unit - residential –  66.5 square meters or 716 square foot.
* Third unit  - residential -  59.5 square meters or 640.5 square foot.

Total GIA – 407 square meters / 4381 square foot.
Footprint – 93.4 square meters / 1005.4 square foot.

The guide price is £1.300,000 (One million, three hundred thousand pounds)
The site is elected for VAT & has a CIL Liability of £17,567.00 + £75,149.00.

The plot is located in London Bridge, in the London Borough of Southwark, just minutes walk to the Tate Modern, Shakespeare's Globe, Borough Market and London Bridge, Borough and Southwark tube stations offering easy access to the city.


The material & information contained within this website has been prepared for information purposes only. Information contained herein is not to be relied upon as a basis of any contract or commitment. The information is not to be construed as an offer, invitation or solicitation to invest and opinions expressed here within are subject to change, without prior notice. Information contained herein is believed to be correct & relevant & up to date at the time of being listed within this website.

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