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12-14 Ossory Rd - 0.24 acre freehold site
0.24 Acres of Commercial Land Offered at £4,500,000 in London SE1 5AN
Investment Highlights
- Short walk to Bermondsey Station
- Large amount of development in the immediate vicinity
- Great local amenities
Executive Summary
Property Facts
| Price | £4,500,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Tenure | Freehold | Total Lot Size | 0.24 AC |
| No. Lots | 1 |
| Price | £4,500,000 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.24 AC |
1 Lot Available
Lot
| Price | £4,500,000 | Lot Size | 0.24 AC |
| Price Per AC | £18,750,000 |
| Price | £4,500,000 |
| Price Per AC | £18,750,000 |
| Lot Size | 0.24 AC |
The existing site extends to approximately 0.12 hectares (0.24 acres) which was previously occupied by an industrial / warehouse building. The building has now been demolished and site has been cleared.
Description
The site is located on Ossory Road, Southwark which falls within the jurisdiction of the London Borough of Southwark. 14-22 Ossory Road is well connected in terms of access to available transport with a PTAL rating of 3. South Bermondsey Station is located 1,500 metres (0.9 miles) to the North-East and provides direct access into London bridge (5 minutes) via the Southern Railway line. Elephant & Castle is the nearest underground station which is situated 1.5 miles to the North-West and provides direct services to various Central London destinations such as Waterloo (4 minutes), Tottenham Court Road (11 minutes), and Euston (16 minutes) via both the Bakerloo and Northern Lines (Source: CityMapper). There are also a number of operating bus routes along the adjacent Old Kent Road offering easy access to various neighbouring locations. The Old Kent Road is a significant arterial route that connects Central London with the South Circular Road (A205) and the M25 and M20 motorway. The scheme benefits from being within close proximity to a number of local amenities along the Old Kent Road such as Tesco Supermarket, Argos, McDonalds, and Sports Direct. However, the majority of the surrounding area comprising industrial and commercial properties are now owned by residential developers, mainly National housebuilders which are due to come forward as residential-led schemes which will also provide space for new commercial occupiers likely to be supermarkets, and other high-street chains. Burgess Park, the largest park in the Borough of Southwark is situated only 200 metres to the East of the property, in addition to other open green spaces such as Glengall Wharf Gardens which falls within close proximity.
Contacts
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Mark Bolton
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Joe Tallis-Chisnall
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Chris Rook
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Zach Harris
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Sam Philips
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Jonathan Vandermolen
Presented by
Company Not Provided
12-14 Ossory Rd - 0.24 acre freehold site
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