From
£625,000
Mobile/park home for sale
Achilles Street, London SE14Auction
Key information
Tenure
Council tax band
About this property
Development potential to build a 6 storey building comprising 10 flats and a commercial unit (subject to the requisite consents)
Located in the centre of New Cross opposite Fordham Park and close to Goldsmiths University
Development potential to build a student led development scheme (subject to the requisite consents)
New cross & New Cross Gate station an approx. 0.3 miles from the property
6 week completion available
Strapline
Auction Sale - 24/01/2024
Of interest to Investors and developers.
A freehold plot of land located in the centre of New Cross with Development potential to build 10 residential dwellings and commercial unit (subject to the requisite consents).
Description
A freehold piece of land with development potential to build a 6 storey residential block comprising of a commercial unit on the ground floor and 10 x two bedroom flats on the upper floors (Subject to the requisite consents)
The land may also lend itself to student led scheme and is surrounded by similar high rise student and residential schemes.
New Cross District Centre is an area where growth and regeneration is directed, particularly given its location adjacent to Goldsmiths University.
The site is also located in the Lewisham, Catford and New Cross Opportunity Area as identified by the Mayor. The London Plan identifies an indicative capacity of 13,500 new homes and 4,000 new jobs in the area.
Location
The site is located within the administrative boundary of the London Borough of Lewisham. The site comprises an infill plot that is 249 sqm in size and is bounded by New Cross Road to the south and Achilles Street to the north.
The property is located on the southern side of Achilles Street and can be found between the junctions of Clifton Rise and Pagnell Street.
New Cross Station is located an approx. 0.3 miles from the property.
Transport
New Cross Station & New Cross Gate Station - Overground and National Rail services
Tenancy
A licence has been granted for use as a construction compound (including contractor’s office and site compound and parking) in conjunction with the carrying out of the Phase One Works* on the Development Site.
The Licence will expire on the on the earlier of:-
- Completion of the Phase One Works;
- 31st December 2024;
*Phase One Works are defined as; The demolition of existing buildings and the construction upon the Development Site of a mixed use student accommodation and commercial unit scheme.
Please refer to the legal pack.
Accommodation
The below proposed schedule has been provided by a third party and are for illustrative purposes only and can not be relied upon any incoming purchasers must do their own due diligence.
Proposed Accommodation Schedule
Ground/Lower Ground Floor
- Commercial space - Circa 99 sqm (1,065 sq ft)
- Plant room, Bin store, Circulation - 43.5 sqm (468 sq ft)
Upper Ground floor
- Flat 1 - 2 Bedroom - Circa 61 sqm (656 sq ft)
- Flat 2 - 2 Bedroom - Circa 61 sqm (656 sq ft)
1st Floor to 4th Floor
- Flat 3 - 2 Bedroom - Circa 61 sqm (656 sq ft)
- Flat 4 - 2 Bedroom - Circa 61 sqm (656 sq ft)
- Flat 5 - 2 Bedroom - Circa 61 sqm (656 sq ft)
- Flat 6 - 2 Bedroom - Circa 61 sqm (656 sq ft)
- Flat 7 - 2 Bedroom - Circa 61 sqm (656 sq ft)
- Flat 8 - 2 Bedroom - Circa 61 sqm (656 sq ft)
- Flat 9 - 2 Bedroom - Circa 61 sqm (656 sq ft)
- Flat 10 - 2 Bedroom - Circa 61 sqm (656 sq ft)
More information
Listed by
Savills - National Auctions
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