No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Guide price£2,500,000
Added > 14 days

Property for sale

59-61 Old Kent Road, London, Greater London
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Property
0 bed
0 bath

Key information

Tenure: Freehold
Council tax: Ask agent
Mobile signal: 
EE O2 Three Vodafone
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
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Property description & features

  • Tenure: Freehold
  • Office building for sale on the Old Kent Road (E use class)
  • Part 1/Part 3 storeys
  • Positive pre app for 6 storey mixed use building (no basement)
  • Lapsed permitted development approval (2014)
  • Within Old Kent Road opportunity area
  • Offers in the region of £2,500,000 f/h
An opportunity to acquire an office building (E use class) on the Old Kent Road which offers potential for re-development (stpp). The existing building comprises a part 1/part 3 storey building measuring c5,125sqft which is laid out as multiple offices. To the rear there is a car park suitable for 2-3 vehicles. The property is positioned on the corner of Aberdour Street & the Old Kent Road, the A2/A201 flyover runs adjacent to the site. The site is well connected via the Bricklayers Arms Roundabout which sits opposite, it provides road links to Elephant & Castle, London Bridge and further into the Old Kent Area. The site is located within the Old Kent Road opportunity area, and if developed, could become a landmark building and gateway to the Old Kent Road.

In March 2023 the vendor had a positive pre-application with Southwark Council for a proposed 6 storey new build mixed use scheme (a copy of the pre-application and response can be provided upon request).

The property is currently rented on a short-term basis and produces £70,600pax. The ground and first floor are let to a single tenant at a passing rent of £60,000pax until 2025, and the second floor is holding over at £8,000pax. There is a licence agreement with an internal telephone mast company at £2,600pax which has expired. There is 800sqft of vacant space on the top floor.

The vendor is seeking offers in the region of £2,500,000, unconditional offers preferred.

Property information from this agent

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    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

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    Mobile phone signal availability and predicted strength: obtained from Ofcom on January 30, 2024

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    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

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