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£9,999,999 OIEO

Development for sale - Land Bounded by 685-695 Old Kent Road, 2 12 Ruby Street And Murdock Street, London SE15 Ref: 27561

The land bounded by 685-695 Old Kent Road, 2-12 Ruby Street and Murdock Street has planning permission for a part 3, part 7 and part 22 storey building to provide 111 apartments above c.17,800sqft of commercial work space, a c.12,389sqft church and community facility, a c.936sqft retail unit fronting Old Kent Road and a c.1,870sqft café. The café faces the proposed new Livesey Park where the listed gas holder is to be retained as a centre piece. The scheme benefits from 3 communal roof terraces at 3rd and 7th floors as well as on the roof where there is also a residence room. The site / development is 250m from the location of the proposed Asylum Road Tube Station which forms part of the Bakerloo line extension. The site is currently occupied by vacant light industrial commercial properties and a church / community centre (the Redeemed Christian Church of God - RCCG). RCCG are relocated back into the new development once completed. They will vacate to alternative premises during the construction. Their new space needs to be delivered in shell and core condition ready for them to fit out. This space is arranged over ground, first and second floors. The site can be purchased with the benefit of planning permission. Alternatively the completed development could be delivered as contractor build prices to deliver the development are in place. Depending on the purchaser, the current owner would be happy to retain the new commercial work space within the development.

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