Brixton, SW9 Ref: 30979

A prominent site that had been identified by overseas investors as ideal for a tall building. Despite there being consent for a 16 storey building and an application for 29 stories both within 100 yards, Lambeth had far more conservative ideas for our clients' property.

Ultimately consent was granted for just c6,000sqft of E class space and 8 flats. Offering nothing like the volume that our clients had originally anticipated, the decision was taken to sell.

Sites with consents for entirely new-build apartment schemes are relatively straightforward, this, however, was a different matter. Anyway, we like a challenge, and managed to conclude a deal promptly. The buyers are likely to try and improve the planning position, and with any luck they'll catch Lambeth on a good day!!?

PROPERTY ADDRESS: 219-223 Coldharbour Lane, Brixton, London SW9 8RU

Louis Markham

Tom Luck

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