FOR SALE

Former Streatham Police Station, Streatham SW16 1HJ

Offers in excess of £7,500,000

Description

The property as existing comprises the former Streatham Police Station, occupying a prominent corner position on the junction of Streatham Road and Shrubbery Road. We understand the site has been operated as a Police Station since 1865, however the property is now vacant since being identified as surplus to the Mayor’s Office for Policing and Crime requirements.

The building is arranged over basement, ground and two upper floors, with a 2-storey rear extension. To the rear of Shrubbery Road is a former residential house arranged over ground and three upper floors. The two buildings are interlinked. We understand the property extends to approximately 18,022 sq.ft. (NIA) and occupies a site of circa 0.57 acres.

The property further benefits from off-street parking for 20 cars and is accessed via Shrubbery Road.

Location

The property is located within the London Borough of Lambeth on the corner of Streatham High Road and Shrubbery Road. The immediate location provides a broad mix of both residential and
commercial uses, with an extensive retail offering on Streatham High Road including numerous shops, cafes, restaurants, bars and other amenities.

Due to its proximity to Central London and its reputation as being a more affordable area of South-West London, Streatham is a popular residential location for young professionals, small families and buy-to-let investors. We have outlined a selection of developments in the local area and their current status, please refer to our location map.

Streatham Station is located approximately 0.3 miles from the property, providing direct London Overground services into Central London.

Journey times include:
London Victoria 18 minutes | St Pancras International 30 minutes | London Bridge 30 minutes

Planning & Development Potential

A resolution to grant planning permission was made in September 2019 (application reference: 18/04474/FUL) for the comprehensive redevelopment of the site, involving the extension and conversion of the existing building to create 21 residential units, plus 3,121 sq.ft. of commercial space (B1a Use Class). The proposed scheme also incorporates a new-build element of part-2, part 4 storeys to provide an additional 20 apartments, creating 41 residential units in total.

The proposed consent is subject to a Section 106 agreement obligation for 14 of the units for Affordable Housing (9 x Social Rent & 5 x Shared Ownership), alongside financial contributions totalling approximately £208,312. A CIL liability of circa £236,501 is payable.

A link to the full accommodation schedule can be found here.

Tenure

The property will be sold freehold with vacant possession upon completion.

VAT

The property is not elected for VAT.

Terms

Offers are invited in excess of £7,500,000.

Additional Information

Further information including planning and legal documents are available within our dataroom using the access code ‘Police’.


Disclaimer - Kingsbury on its own behalf and on behalf of the Owner / Landlord of this property whose agent Kingsbury is, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.


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  • Former Police Station arranged over 3-storeys plus basement, occupying a site extending to approximately 0.57 acres
  • Resolution to grant planning permission for the conversion of the existing building, plus the erection of a new 2/4 storey building to create 41 residential units (17 x 1 bed, 18 x 2 bed & 5 x 3 bed apartments & 1 x 3 bed house) tolling 27,226 sq.ft. plus 3,121 sq.ft. of commercial space
  • 27 of the proposed units will be for open market sale and 14 units designated for Affordable Housing (9 x Social Rent & 5 x Shared Ownership)
  • Popular residential location approximately 0.3 miles from Streatham Station, providing direct services into Central London (London Victoria) in under 20 minutes
  • Offers invited in excess of £7,500,000 for the vacant freehold interest

To discuss this opportunity further, please contact Joe Goldsmith or Jordan Oldfield on 020 7183 2529

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