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

keir.goldstein@kingsbury-consultants.co.uk

Jordan Oldfield020 7183 2529

jordan.oldfield@kingsbury-consultants.co.uk

www. kingsbury-consultants.co.uk

Donald Walsh020 7403 0600donaldw@kalmars.com

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