44 Kipling Street, London Bridge SE1 3RU

44 Kipling Street, London Bridge SE1 3RU

Back on the market following additional land acquisition – now includes beer garden as part of the freehold enabling greater development options (STPP)

Freehold mixed-use development with planning consent in a prime area of Southwark.

The existing building comprises an A4 public house on ground and basement levels extending to 2,077 sq ft NIA and one residential apartment (1*4 bed) on the first floor (1,125 sq ft NSA), totalling 3,202 sq ft GIA.

Multi let to two tenants producing a total rent of £38,200 pax with vacant possession achievable by November 2022.

Planning permission was granted in October 2021 for the construction of second and third floor rear and roof extension and conversion of the ground and first floors whilst extending the area of the public house.

The extension of the ground and basement levels for the A4 public house will comprise 1,722 sq ft GIA.  The construction of the second and third floor rear and roof extensions will comprise six flats (1* 1 bed apartment, 5 * 2 bed) and extends to 4,499 sq ft NSA.  The total consented scheme provides a total floor area of 6,621 sq ft.

Potential to add further development options subject to the usual consents which maybe further improved now the vendor has successfully taken possession of the adjoining land.

Offers are invited for the freehold interest, subject to contract & exclusive of VAT.

Location: Southwark
Value: £2,150,000

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Cyril Leonard

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