The Pavement, SW4

At £2,000,000, the asking price works out at about £467 per sq ft, well below the local average of £808 per sq ft — a notable opportunity to acquire a substantial freehold building in a prominent Clapham Old Town position. The landmark brick frontage and generous site offer a compelling canvas for a major redevelopment, with a previous mixed-use scheme as a starting point; that permission has lapsed, so any new proposals need planning verification.

This is a heavy, high-uncertainty project rather than a cosmetic refresh. The exterior shows a boarded or covered section of frontage and temporary barriers, while interior and roof condition cannot be assessed from the available images. The low price per square foot is attractive, but the overall opportunity remains weak because the scope and redevelopment economics are not established.