Excellent Development Opportunity

83 New Kent Road, London

Description

The site comprises three purpose-built interconnected buildings (Use Class Sui Generis) of between 2 and 4 storeys in height, with a central courtyard area, totalling 26,615 sq ft (2,473 sqm) GIA. The property is currently occupied by London Southbank University (LSBU), with student accommodation consisting of 85 standard rooms that are arranged in groups of 2 to 6 rooms sharing bathroom and kitchen facilities. The building has been vacant for several years and is considered surplus to requirements.

The buildings are not Statutorily Listed buildings on the Historic England register nor is the site designated as within a Conservation Area. However, according to the recently adopted London Borough of Southwark Local List (Dec 2023), the building is classed as a Locally Listed Building, in addition to no.81 directly adjacent to the west of the site.

BUILDING HIGHLIGHTS

Prime freehold refurbishment/ development opportunity in the heart of Elephant & Castle.

Site area extending to 0.37 acres (0.15 hectares).

Total existing floor area 26,615 sq ft (2,473 sqm) GIA.

Comprises three vacant buildings between 2-4 storeys in height consisting of 85 student accommodation rooms.

Significant residential / PBSA/ Co-living potential, subject to gaining the necessary consents.

Unconditional offers invited via informal tender.

Location

Map Type

Zoom

Get Directions

Street View

Fullscreen

Get Directions

Location

The site is located in a prominent position on the north side of New Kent Road in Elephant & Castle, within the London Borough of Southwark. The site lies within the Elephant & Castle Opportunity Area which has benefitted from significant regeneration over the last 10 years. Much of this area has already been transformed or is undergoing significant change, with the proposals at Elephant Park, the London South Bank University (LSBU) campus and the town centre creating a new vibrant urban quarter. Elephant & Castle lies on the boundary between Zone 1 and 2 and is excellently located for access into central London. Elephant & Castle Station lies approximately 320m to the west of the s and is a short 5 minute walk, providing links to the Bakerloo and Northern lines. Additionally, Elephant & Castle station provides London Thameslink services, which provides access to St Pancras International, Farringdon, City Thameslink and St. Albans. A number of universities are located in close proximity to the site including London South Bank University, University of ARTS London, London School of Science and Technology and King’s College London.