RECEIVERSHIP SALE - Residential Led Development Opportunity for 9 Duplex Apartments and Commercial
LOCATION
• The property is located at the western edge of Brixton Centre on the corner of Acre Lane and Trinity Gardens in the London Borough of Lambeth. The property is situated approximately a 5-minute walk from Brixton underground station.
DESCRIPTION
• The current site extends to approximately 0.09 acres.
• The existing building is a warehouse arranged across a 2-storey building in addition to a basement and currently comprises 35 Sqm of retail at the front of the site with the rest of the ground and first floor used for storage and administration.
PLANNING
• Planning has been approved on 13th August 2021 for the change of use/refurbishment of the building from retail (Use Class A1) to 9 residential units (Use Class C3) to provide 8 x 2 beds and 1 x 3 bed, including basement excavation and erection of a mansard roof; plus, the retention of part of the ground floor retail unit (Use Class A1), together with provision of cycle and refuse stores, amenity areas, landscaping and other associated alterations. [Planning Ref. 20/01214/FUL]
• The proposed scheme would entail the conversion of the existing 2-storey building to provide 9 residential units (8 x 2-bedroom Duplex & 1 x 3-bedroom Duplex) extending to approximately 7,774 SqFt (NSA) and one retail unit 444.5 SqFt (Ground Floor GIA & Basement 291 SqFt GIA) which retains the active street frontage. The proposed scheme extends to a total area of approximately 10,671 SqFt GIA.
• The lower ground and ground floor apartments benefit from private access from Trinity Gardens and their own winter gardens. Each 1st and second floor duplex apartment benefits from large bifold doors onto a private balcony area.
• The parking to the front of the building would be removed and updated to a pedestrian area.
• We have been advised that this scheme has been implemented and is therefore extant.
TERMS
• The property is available freehold.
• Offers in excess of £2,700,000
