This expansive Freehold property encompasses six mixed-use buildings situated on a prominent corner in New Cross, a dynamic area in South London known for its ongoing evolution. This is an exceptional opportunity to acquire a vacant site with significant redevelopment potential in a highly sought-after location. The property currently consists of a parade of terrace buildings that have been stripped down and are ready for transformation, apart from one unit that continues to operate as a bookshop.
The site offers the option for residential-focused mixed-use redevelopment or comprehensive refurbishment, particularly appealing due to its positive pre-application for planning permission which suggests the addition of 19 residential units above ground-level retail spaces, alongside provisions for basement storage. The total proposed build is impressive at around 17,577 sq ft, including approximately 15,339 sq ft allocated for residential use and 2,239 sq ft dedicated to retail.
Positioned conveniently within Zone 2, this property benefits from excellent transport links via nearby New Cross and New Cross Gate Stations, providing quick access to central London. The surrounding area boasts a vibrant community atmosphere enriched by local amenities including shops, cafés, and the cultural influence of Goldsmiths University. With an active street presence along New Cross Road and potential for engaging local businesses again through commercial refurbishments, this site represents substantial value creation prospects in the evolving landscape of South East London.
