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Agent's details

Property agent
Louis Markham

6-12 Tulse Hill, Brixton, London

For sale: £575,000.00|Land, Commercial Land

Property details

FOR SALE£575,000.00
ADDRESS6-12 Tulse Hill, Brixton, London
TYPELand, Commercial Land
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON7th May 2022

Description

A fully consented airspace site in sought-after Brixton, SW2.

The existing mixed-use block is arranged as: 3 commercial units (ground floor), 14 self-contained apartments (first and second floors), and a car park to the rear. All apartments within the block are privately owned, and the 3 commercial units are occupied by a hairdresser, estate agents, and a barber shop.

Entry to the rear car park is via a gated under-pass thus enabling straightforward access for construction, and a structural feasibility report confirming that the existing building can withstand the consented development is available on request.

The roof and airspace is available to purchase on a new 999 year lease (virtual freehold basis) direct from the freeholder. Given this this long lease has not yet commenced, the terms of it can be customised / agreed in accordance with the purchasers reasonable needs. It is the freeholders intention that the lease will be entirely restriction-free to enable construction with ease, and also will be granted at peppercorn (nil) ground rent.

The roof and airspace of the front building benefits from full planning permission for a newly built third and fourth floor. Between these two new floors, planning permits four apartments to be newly built (and therefore 'Help To Buy' applicable). All apartments are self-contained and benefit from private outdoor balconies. The planning consent is dated March 2022 and can be viewed through the London Borough of Lambeth's planning portal under reference number '21/04683/P20'.



( Agency Pilot Software ref: 30784 )

Location

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Location: 6-12 Tulse Hill, Brixton, London

Brixton (0.6 miles)

Clapham North (1.0 miles)

Clapham Common (1.2 miles)

Herne Hill (0.5 miles)

Brixton (0.6 miles)

Loughborough Junction (0.9 miles)

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