Warning - This property listing has now expired.

Any changes made to the content of this listing WILL NOT BE SAVED. However, you can still change the property status (i.e. available/sold/let etc).

To renew this property or for further assistance please call 01767 313380 or email renewals@novaloca.com.

Residential Development Opportunity, 55 Thessaly Road, Nine Elms, SW8 4HR

0.12 acres / Other / Residential

For Sale

Available - Last updated: 09 June 2024

A residential development opportunity with planning permission for 17 private apartments.

The site was previously occupied by the British Lion, a three storey public house. 

Location

The site is located on Thessaly Road, in the London Borough of Wandsworth and is approximately 12 minutes’ walk from the new Nine Elms railway station, providing underground services on the Northern Line.

Accommodation

The site is set within grounds extending to approximately 0.12 acres and comprises a vacant and boarded up parcel of land.

Terms

Planning - Planning permission was granted on 5th January 2023 for the development of the site comprising the erection of a five-storey building comprising 17 flats with ancillary cycle and plant areas accommodated in a basement, and associated refuse storage and landscaping (Planning reference: 2021/3661).

The proposed scheme will comprise 17 private apartments (3 x 1 bed, 10 x 2 bed & 4 x 3 beds) arranged across ground to fourth floors, extending to a total area of approximately 12,444 sqft NSA (15,370 sqft GIA).

The proposed scheme will be a car free development.

The scheme has been shortlisted for the National Planning Awards 2023 for the best housing scheme (fewer than 500 homes) category.

The proposed scheme is not subject to any on site affordable housing.

There is a S106 cost payable of approximately £734,812 (which includes an affordable housing commuted sum of £687,258).

We have been advised of a CIL liability arising from the proposed scheme of approximately £733,278 (index linked), however we advise all potential purchasers to satisfy themselves around this point.

Tenure - Freehold with vacant possession

Price on Application

The site is not elected for VAT

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Price on Application For Sale Freehold NA NA

Email me updates about similar new properties


Show similar properties

Contact agents

Alex Hogge

DI Properties Development and Investment

020 3369 0215



Thank you for your enquiry

The agent for this property will get back to you as soon as possible.

Would you like to view similar properties now?

Many thanks, your enquiry has been sent to the agent

In response to the boxes you ticked, we'd like to send you emails about new & updated properties based on the following (please amend as required):


Please note, NovaLoca will only contact you about commercial property & you can unsubscribe at any time. Your information will not be given to third parties without your permission. For more information please refer to our privacy policy.