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 )