Ormside Street, Southwark SE15 1TF
A vacant two-storey freehold building (19,528 sq. ft.) sits on a 0.28-acre site within the Old Kent Road Opportunity Area. The location benefits from major regeneration plans, including 20,000 new homes and three new Underground stations, two on the Bakerloo line extension and one Overground station. Planning permission was granted for a nine-storey development comprising 49 residential units (18 affordable) and 8,430 sq. ft. of commercial space. The property is offered freehold with vacant possession, with offers invited in excess of £4,000,000 through sole agents Kingsbury.
Old Kent Road Opportunity Area, SE15 1TF 0.28 acres Close to opportunity area, regeneration areaExisting: Commercial 19,528 sq ft GIAProposed: Planning granted New build Commercial 49 flats 8,430 sq ft commercial 18 affordableFreehold OIEO £4,000,000+ Vacant possessionConstraints: Opportunity Area
