Current Instructions

Residential Development

Vauxhall Bridge Road, London SW1V

Available
DESCRIPTION
  • Perfectly located with prominent frontage along Vauxhall Bridge Road and within 0.1 miles of Pimlico Underground and 0.7 miles of Victoria Station thus benefitting from high footfall and visibility.
  • Majority of ground floor slab to slab c 3.8m and over 5m floor to ceiling at highest point on the 1st floor once the suspended ceilings are removed.
  • Totalling 15,388ft2, this unique commercial premises benefits from multiple entrances, loading facilities and ceiling heights of up to 6m in part of the first floor and almost 4m at ground level.
  • Once refurbished, the ERV is in the region of £60/ft2, totalling c.£925,000pa.
  • Significant pre-planning work has been undertaken and positively received from the London Borough of Westminster that the redevelopment of the rear element into a LG, G and 4 storey living scheme would meet bulk, massing and use criteria.
  • Indicative plans for a 53 units, co-working and communal amenity co-living scheme are proposed based on positive council feedback.
  • EPC rating C.
  • Freehold with vacant possession.
  • VAT is applicable.

 

PROPOSAL

Guide Price : £6,000,000
subject to contract

CAPITAL VALUE

£390 psf

An extremely rare and vacant former warehouse style building with significant development potential for office use or a co-living scheme.
Key features
Prime Zone 1 location
0.7 miles of Victoria Station
15,388 sq ft
Freehold with vacant possession
Development potential for co-liv scheme or office use
CONTACT THE TEAM
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