Mixed-use building comprising artists studios, exhibition space, restaurant and two residential flats extending to approximately 9 200 ft 2.
Mostly let on short ex-Act leases/ASTs to allow for vacant possession in 2021.
Asset management potential through re-gearing leases, adjusting planning consent and increasing rental income.
Potential for comprehensive reconfiguration / redevelopment subject to necessary planning consents.
Freehold interest: Price on Application
The property is located in a prominent corner position on the junction of Goldsmith Road and Staffordshire Street within the London Borough of Southwark.
Staffordshire Street leads to Queen's Road, which becomes Peckham High Street to the West. Peckham Rye and Queen's Road Peckham rail stations are both within a 10 minute walk, with easy connections to London Bridge, Victoria, Shoreditch and the City via mainline rail and Overground services. The location is served by numerous bus routes.
Nearby occupiers include Blackbird Bakery, Tesco Express and independent operators. The acclaimed Peckham Library is within easy reach, demonstrating some of the great local architecture.
Inward investment into the area is highlighted by nearby developments, including Notting Hill Genesis scheme offfering 333 new homes on Queen's Road.
Description: The existing property comprises a mixed use building extending to approximately
9 200 ft 2 over basement, ground, first and second floors. Two self-contained residential flats are finished to a high standard and let on ASTs. There is a self-contained restaurant (A3/E Use) fronting onto Goldsmith Road, let on a 13 year lease from 2017.
The main gallery/exhibition space benefits from a 3.4m ceiling height and D1/E planning consent. The ancillary space is currently used by the owner but could be configured to be used with another part of the property or independently, and is suitable for a variety of uses.
The remainder of the space has been divided into artists studios (B1/E) with high ceilings, excellent natural light and period features, mostly occupied by professional artists and creatives who call Staffordshire Street Studios home.
A new roof including solar panels was recently installed, as part of the comprehensive refurbishment by the current owner.
Tenure: The Freehold will be sold with the benefit of the existing tenancies.
Terms: We are instructed to seek unconditional offers for our client’s Freehold interest.
VAT: The property is elected for VAT.
EPC: EPC reports are available upon request.
Floor Plans: Detailed floor plans are available upon request.