Freehold mixed use building for sale in London

This property is marketed by:
Lim Commercial

LOCATION

The property is located on Risborough Street, close to the junction with Copperfield Street and Union Street with easy access to The City & West End. Southwark station (Approx. 5 minutes) London Bridge mainline and underground station (Approx. 12 minutes) Waterloo mainline & underground station (Approx.13 minutes).

DESCRIPTION

Planning was granted on 8th of February 2024 for the following development works shown below. (Application ref. 22/AP/3548). Construction of a three storey upward extension , creating a seven storey mixed use building comprising of a ground & first floor commercial space (Class E.g) and 3x residential apartments (Class C3) on the second to sixth floors with private amenity, cycle parking, refuse storage together with associated plant enclosure and equipment at roof level

TERMS

The property can be sold as a whole or split between the commercial and residential apartments subject to terms and availability.

TENURE

Freehold offered in the sum of £4.2million. (four million two hundred thousand pounds) to be sold with vacant possession. Alternatively, the commercial unit is offered for sale / to let and fitted out to Grade A Specifications.

COMMERCIAL UNIT

(For Sale / To Let) A ground & first floor commercial unit of approximately 1,195 sq ft (111sqm) offered for sale on a new long leasehold basis. Ground Floor: First Floor: Total: 570 sq ft (53 sqm) 624 sq ft (58sqm) 1,194 sq ft (111 sqm) For Sale £975,000 To Let - £55,000 per annum exclusive.