For Sale Freehold Mixed Use Property close to Southwark station, SE1

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LOCATION
The property is located on Risborough Street, close to the junction with Copperfield Street and Union Street with easy access to The City & West End.

Southwark station (Approx. 5 minutes)
London Bridge mainline and underground station (Approx. 12 minutes)
Waterloo mainline & underground station (Approx.13 minutes).

DESCRIPTION
Planning was granted on 8th of February 2024 for the following development works shown below. (Application ref. 22/AP/3548).

Construction of a three storey upward extension , creating a seven storey mixed use building comprising of a ground & first floor commercial space (Class E.g) and 3x residential apartments (Class C3) on the second to sixth floors with private amenity, cycle parking, refuse storage together with associated plant enclosure and equipment at roof level

TERMS
The property can be sold as a whole or split between the commercial and residential apartments subject to terms and availability.

TENURE
Freehold offered in the sum of £1.850m. (one million eight hundred and fifty thousand pounds)
to be sold with vacant possession.

Alternatively, the commercial unit is offered for sale / to let and fitted out to Grade A Specifications.

COMMERCIAL UNIT (For Sale / To Let)
A ground & first floor commercial unit of approximately 1,195 sq ft (111sqm) offered for sale on a new long leasehold basis.

Ground Floor: 570 sq ft (53 sqm)
First Floor: 624 sq ft (58sqm)
Total: 1,194 sq ft (111 sqm)

For Sale £975,000
To Let - £55,000 per annum exclusive.