78-94 Ormside St - Light Manufacturing FOR SALE


London, LND SE15 1TF
$3,250,000 USD
78-94 Ormside St, London, LND for Sale
$3,250,000 USD
Light Manufacturing - FOR SALE
1/6
null | Request Cap Rate

78-94 Ormside St
London, LND SE15 1TF


HIGHLIGHTS

  • Excellent transport links
  • Diverse array of local amenities
  • The Old Kent Road Opportunity Area is allocated for major regeneration in the Old Kent Road Area Action Plan (OKRAAP)

OVERVIEW

Offers invited in the region of £3,250,000 for the freehold interest Planning permission was granted on 29th March 2019 (reference: 18/ AP/1049) for the demolition of the existing buildings and erection of a 10-storey building (plus basement) providing 56 residential units (36 private units and 20 affordable units) and 19,214ft² of commercial space. This planning permission was never implemented and has subsequently lapsed. Planning permission was then granted on 4th September 2024 (reference: 23/AP/2226) for the demolition of the existing buildings and creation of 9-storey building providing 49 x residential units and 8,430ft² of commercial space. This updated planning permission removed the proposed basement and reduced the proposed commercial space and will provide 19 x 1 bed, 19 x 2 bed, 9 x 3 bed and 2 x 4 bed units of which 18 will be provided for affordable housing (4 x shared ownership and 14 x social rent). The development will also provide 8,430ft² of commercial space across ground and mezzanine floors.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$166 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.28

LAND SF

12,197

ZONING

-

APN/PARCEL ID

SGL341689,TGL285198,TGL34965

ASK ABOUT THIS PROPERTY

Jordan OldfieldKingsburyMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jordan OldfieldKingsburyMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.