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Freehold investment for sale in London

56-62 Newington Causeway, Elephant & Castle, London, SE1 6DS
For sale
POA

COMMON USE CLASS: D1 Non-Residential Institutions

Strettons
This property is marketed by:
Strettons

Property Features

  • Identified within the Central Activities Zone
  • Four storey building with generous basement fronting
  • Community within the surrounding area
  • Within TFL's Congestion Charge Zone, including ULEZ & LEZ
  • On the doorstep of Central London

Property Description

The freehold site consists of a four-storey terraced building with a basement fronting Newington Causeway, totalling 10,625 sq.ft (987 sq.m) which sits on 0.211 acres (0.085 ha).


The site is currently occupied by the Institute of Optometry under use class F1 – Learning and non-residential institutions.


The Borough of Southwark has identified the site in their Local Plan within the Elephant & Castle Opportunity Area, Town Centres location as well part of the Central Activities Zone (CAZ). There is no specific recent planning history for the site.

The site is located in the north-west of the London Borough of Southwark, immediately to the north-east of Elephant & Castle on a main through fare towards London Bridge. The property is situated on the north-west side of Newington Causeway immediately north of a Network Rail elevated railway line.


A short distance from the site, approximately 0.2 miles south is Elephant & Castle Underground Station providing Bakerloo and Northern Line London Underground services. Slightly further south, approximately 0.4 miles, is Elephant & Castle Railway Station which provides Thameslink & Southeastern railway services. To the north, there is also easy access to Borough Station (approximately 0.3 mile) which also provides London underground services via the Northern Line.


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