150-152 LONG LANE
LONDON BRIDGESE1 4BS
FREEHOLD MIXED useDEVELOPMENT / INVESTMENT
OPPORTUNITY
FOR SALE
LONG LANE SE1 HOME SUMMARY AERIAL TERMS CONTACTPLANNING & DEVELOPMENT POTENTIAL
Summary
• 3-storey office building extending to approximately 5,943ft2 NIA with an adjacent car park, occupying a 0.12 acre site
• Planning permission for a part conversion / part new build development to provide 7 residential units (6 x 2 bed and 1 x 3 bed) totalling 6,738ft2 whilst retaining 7,685ft2 of office space (14,423ft² NIA in total)
• Highly sought-after location in close proximity to London Bridge, the South Bank and Borough Underground Station (Northern Line)
• Unconditional offers invited in excess of £7,000,000 for the vacant freehold interest
DESCRIPTION & LOCATION
LONG LANE SE1 HOME SUMMARY DESCRIPTION & LOCATION AERIAL TERMSPLANNING & DEVELOPMENT POTENTIAL
DESCRIPTION
The property comprises a purpose-built office building (Use Class B1) originally constructed in the 1970’s with an adjacent car park.
The existing accommodation is arranged over ground, 1st and 2nd floors and extends to approximately 5,943ft2 (552m2) NIA exclusive of plant areas, staircases and partition walls. The building adjoins 146 and 148 Long Lane which are a pair of Grade II Listed Georgian houses.
The car park area extends to approximately 2,211ft² (205m²) and is accessed directly from Long Lane.
LOCATION
The property is located on the southern side of Long Lane (A2198) which connects Borough High Street and Tower Bridge Road. The Local Authority is the London Borough of Southwark.
The immediate area consists of predominately residential uses with some local amenities based on Long Lane itself, although more substantial commercial offerings are available on Borough High Street (including Borough Market) which is a short walking distance from the property.
The nearest London Underground station is Borough (Northern Line) which is situated circa 0.3 miles to the west of the property. London Bridge Station (Northern Line / Jubilee Line & National Rail services) is located approximately 0.5 miles to the north of the site. Journey Times include:
Undergound (Borough): Elephant and Castle 1 minute Bank 4 minutes King’s Cross St. Pancras 13 minutes
Mainline (London Bridge): East Croydon 16 minutes Sevenoaks 28 minutes Dartford 40 minutes
Undergound (London Bridge): Canary Wharf 6 minutes Bond Street 8 minutes Stratford 18 minutes
CONTACT
LONG LANE SE1 HOME SUMMARY AERIAL TERMSPLANNING & DEVELOPMENT POTENTIAL
LOCATION MAP OS MAP
150-152 Long Lane
Waterloo
South Bank London Bridge
DESCRIPTION & LOCATION CONTACT
LONG LANE SE1 HOME SUMMARY AERIAL TERMSPLANNING & DEVELOPMENT POTENTIAL DESCRIPTION & LOCATION CONTACT
150-152 LONG LANE
LONDON BRIDGE
WATERLOO
BOROUGH
LONG LANE SE1 HOME SUMMARY AERIAL TERMSPLANNING & DEVELOPMENT POTENTIAL
PLANNING & DEVELOPMENT POTENTIAL
We understand that the existing building benefits from B1 Use Class, having been used as offices for numerous years.
Planning permission was granted on 7th December 2016, under reference 16/AP/3442, for change of use of the 2nd floor of the existing office building to residential, along with a single storey roof extension and the construction of a new 4 storey building on the car park to provide 7 self-contained apartments (6 x 2 bedroom and 1 x 3 bedroom units) whilst retaining approximately 7,685ft² (714m²) of B1 office space across the ground and 1st floors.
The planning consent is not subject to any Section 106 obligations. We understand that there is a Mayoral liability of £37,291 and a Southwark Community Infrastructure Levy (CIL) liability £104,923.
An online copy of the planning application can be found here.
EXISTING ACCOMMODATION SCHEDULE
Address Floor Description NIA ft2 NIA m2 GIA ft2 GIA m2
152 Long Lane
Ground B1 Office Space
1,965 182 2,465 229First 2,000 185 2,465 229
Second 1,977 183 2,465 229Total 5,943 550 7,395 687
PROPOSED ACCOMMODATION SCHEDULE
Unit Floor Description NIA ft2 NIA m2
Commercial
Office 1 Ground B1 Office Unit 3,627 337
Office 2 First B1 Office Unit 4,058 377
Commercial Sub total 7,685 714
Residential
1 2 2 Bedroom Apartment 969 90
2 2 2 Bedroom Apartment 893 83
3 2 2 Bedroom Apartment 893 83
4 2 2 Bedroom Apartment 893 83
5 3 2 Bedroom Apartment 904 84
6 3 2 Bedroom Apartment 904 84
7 3 3 Bedroom Apartment 1,281 119
Residential Sub Total 6,738 626
Grand Total 14,423 1,340
DESCRIPTION & LOCATION CONTACT
TENURE
The property will be sold freehold and subject to vacant possession on completion.
TERMS
Unconditional offers in excess of £7,000,000 are invited.
VAT
We understand that the property is elected for VAT and will be charged on the sale.
ADDITIONAL INFORMATION
Further information such as approved planning documents can be found in our DATAROOM using the password LONGLANE.
LONG LANE SE1 HOME SUMMARY AERIAL TERMSPLANNING & DEVELOPMENT POTENTIAL DESCRIPTION & LOCATION CONTACT
LONG LANE SE1 HOME SUMMARY AERIAL TERMS CONTACTPLANNING & DEVELOPMENT POTENTIAL
Keir Goldstein020 7183 2529
Jordan Oldfield020 7183 2529
www. kingsbury-consultants.co.uk
Donald Walsh020 7403 [email protected]
www.kalmars.com
contact
To discuss any aspect of this property or the disposal process,or to arrange an internal inspection,
please contact the Seller’s joint sole agents:
DESCRIPTION & LOCATION