150-152 LONG LANE
150-152 LONG LANE LONDON BRIDGE SE1 4BS
FREEHOLD MIXED use DEVELOPMENT / INVESTMENT OPPORTUNITY FOR SALE
LONG LANE SE1
HOME
SUMMARY
DESCRIPTION & LOCATION
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
AERIAL
PLANNING & DEVELOPMENT POTENTIAL
TERMS
CONTACT
LONG LANE SE1
HOME
SUMMARY
DESCRIPTION & LOCATION
AERIAL
PLANNING & DEVELOPMENT POTENTIAL
TERMS
CONTACT
DESCRIPTION
LOCATION
The property comprises a purpose-built office building (Use Class B1) originally constructed in the 1970’s with an adjacent car park.
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 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.
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 Sevenoaks Dartford
16 minutes 28 minutes 40 minutes
Undergound (London Bridge):
Canary Wharf Bond Street Stratford
6 minutes 8 minutes 18 minutes
LONG LANE SE1
HOME
SUMMARY
DESCRIPTION & LOCATION
LOCATION MAP South Bank
London Bridge
Waterloo
150-152 Long Lane
AERIAL
PLANNING & DEVELOPMENT POTENTIAL
OS MAP
TERMS
CONTACT
LONG LANE SE1
HOME
SUMMARY
DESCRIPTION & LOCATION
AERIAL
PLANNING & DEVELOPMENT POTENTIAL
WATERLOO
BOROUGH
150-152 LONG LANE
LONDON BRIDGE
TERMS
CONTACT
LONG LANE SE1
HOME
SUMMARY
DESCRIPTION & LOCATION
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.
AERIAL
PLANNING & DEVELOPMENT POTENTIAL
TERMS
CONTACT
EXISTING ACCOMMODATION SCHEDULE Address 152 Long Lane
Floor Ground First Second
Total
Description B1 Office Space
NIA ft2 1,965 2,000 1,977 5,943
NIA m2 182 185 183 550
GIA ft2 2,465 2,465 2,465 7,395
GIA m2 229 229 229 687
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
7,685
714
Commercial Sub total 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
LONG LANE SE1
HOME
SUMMARY
DESCRIPTION & LOCATION
AERIAL
PLANNING & DEVELOPMENT POTENTIAL
TERMS
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
DESCRIPTION & LOCATION
AERIAL
PLANNING & DEVELOPMENT POTENTIAL
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:
Keir Goldstein 020 7183 2529
Donald Walsh 020 7403 0600
Jordan Oldfield 020 7183 2529
www.kalmars.com
[email protected]
[email protected]
www. kingsbury-consultants.co.uk
[email protected]
TERMS
CONTACT
FREEHOLD MIXED use DEVELOPMENT / INVESTMENT OPPORTUNITY FOR SALE
LONG LANE SE1
HOME
SUMMARY
DESCRIPTION & LOCATION
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
AERIAL
PLANNING & DEVELOPMENT POTENTIAL
TERMS
CONTACT
LONG LANE SE1
HOME
SUMMARY
DESCRIPTION & LOCATION
AERIAL
PLANNING & DEVELOPMENT POTENTIAL
TERMS
CONTACT
DESCRIPTION
LOCATION
The property comprises a purpose-built office building (Use Class B1) originally constructed in the 1970’s with an adjacent car park.
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 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.
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 Sevenoaks Dartford
16 minutes 28 minutes 40 minutes
Undergound (London Bridge):
Canary Wharf Bond Street Stratford
6 minutes 8 minutes 18 minutes
LONG LANE SE1
HOME
SUMMARY
DESCRIPTION & LOCATION
LOCATION MAP South Bank
London Bridge
Waterloo
150-152 Long Lane
AERIAL
PLANNING & DEVELOPMENT POTENTIAL
OS MAP
TERMS
CONTACT
LONG LANE SE1
HOME
SUMMARY
DESCRIPTION & LOCATION
AERIAL
PLANNING & DEVELOPMENT POTENTIAL
WATERLOO
BOROUGH
150-152 LONG LANE
LONDON BRIDGE
TERMS
CONTACT
LONG LANE SE1
HOME
SUMMARY
DESCRIPTION & LOCATION
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.
AERIAL
PLANNING & DEVELOPMENT POTENTIAL
TERMS
CONTACT
EXISTING ACCOMMODATION SCHEDULE Address 152 Long Lane
Floor Ground First Second
Total
Description B1 Office Space
NIA ft2 1,965 2,000 1,977 5,943
NIA m2 182 185 183 550
GIA ft2 2,465 2,465 2,465 7,395
GIA m2 229 229 229 687
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
7,685
714
Commercial Sub total 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
LONG LANE SE1
HOME
SUMMARY
DESCRIPTION & LOCATION
AERIAL
PLANNING & DEVELOPMENT POTENTIAL
TERMS
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
DESCRIPTION & LOCATION
AERIAL
PLANNING & DEVELOPMENT POTENTIAL
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:
Keir Goldstein 020 7183 2529
Donald Walsh 020 7403 0600
Jordan Oldfield 020 7183 2529
www.kalmars.com
[email protected]
[email protected]
www. kingsbury-consultants.co.uk
[email protected]
TERMS
CONTACT
