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Former Norbury Police Station, 1516 London Road, London SW16

Ref: 14956 Price: £3,500,000

Property Description

An opportunity to acquire a landmark, mixed-use, freehold development site with full detailed planning permission and signed S106 to provide 22 flats, and a D1 day nursery. The planning consent provides for the refurbishment of the former Police Station into 8 x 1 bed flats with a day nursery on the ground floor and a further 14 new build flats (1 x 1 bed, 5 x 2 bed and 8 x 3 beds) on the land at the rear. The former Police Station building is locally Listed but is not within a Conservation Area. Within the newly built development, 7 of the flats need to be made available for shared ownership. The completed development generates a GDV in the region of £9,000,000 and rental income in the region of £360,000pa.



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