COMMERCIAL PROPERTY CONSULTANT S 9 HOLYROOD STREET, LONDON, SE1 2EL T: 0207 939 9550 F: 0207 378 8773 [email protected] WWW.ALEXMARTIN.CO.UK PROPERTY PARTICULARS

Freehold For Sale

Rotherhithe Library, London SE16

Location Prominent position on Albion Street; located close to the River Thames, Southwark Park, South- wark Park Sports Complex, Seven Islands Leisure Centre and Surrey Quays Leisure Park. Excellent position for public transport, within a short walk of Rotherhithe (East London line) and Canada Water (East London and Jubilee lines) Underground stations, providing easy access via Rotherhithe Station to: • Canary Wharf (14 minutes) • The City (18 minutes to Bank; 22 minutes to Liverpool Street) • West End (27 minutes to Charing Cross)

Nearby retail facilities include Surrey Quays Shopping Centre, with retailers such as Tesco, River Island, Burton and WH Smith. Further retail in the immediate vicinity of the site includes a local convenience store, hairdresser, chemist, launderette, takeaway and pub. The Canada Water regeneration scheme to the south of the site will create a vibrant canal side community of 2,000 new homes around the Canada Water basin, enhancing the area as a resi- dential location. Established local sales and letting market, popular with city workers, young professionals and also students (with Central Greenwhich College being within close proximity).

Description 0.37 acre (0.15 hectare) site, the majority of which is currently built on and forms Rotherhithe Library. Bounded by Rotherhithe Tunnel no the north, Albion Street to the south, the Finnish Seaman’s Mission to the east and St. Olav’s Church to the west. Currently operating as a library occupying the basement and BEC Limited until 28th September 2011. The existing building on the site is a 3 storey brick built, flat roof structure with outside space in front of the main entrance and a small service yard to the rear of the property. COMMERCIAL PROPERTY CONSULTANT S 9 HOLYROOD STREET, LONDON, SE1 2EL T: 0207 939 9550 F: 0207 378 8773 [email protected] WWW.ALEXMARTIN.CO.UK PROPERTY PARTICULARS

Accommodation Element Area (Sq m) Area (sq ft) Site Area 1,446.9 15,574 Total Gross External Area 1,990.9 21,430 Total Gross Internal Area 1,855.3 19,970 Total Room Area 1,785.7 19,221 Total Net Internal Area 1,200.3 12,920

Planning Context

Located within London Borough of Southwark

The site has a PTAL of 4, reflecting its good access to public transport

The property is not listed however there are Grade II listed buildings either side of the site, name- ly the Finnish Seaman’s Mission and church, located at 33 Albion Street, and St Olav’s Church, located at 1 St Olav’s Square, Albion Street.

The sire is not situated within a Conservation Area, however, is situated within the Air Quality Management Area, the Urban Density Zone and the Canada Water Action Area. The site is also situated on the boundary of the ‘Suburban Area’, therefore any proposed redevelopment should respect the existing character of the area.

The Canada Water Area Action Plan (adopted Feburary 2005) outlines an expected density of between 200-700 habitable rooms per hectare within this location.

Further key planning policy for the site contained within The Southwark Plan (adopted July 2007), The Core Strategy (adopted April 2011) and Southwark’s adopted SPD’s – all available to download from www.southwark.gov.uk

Planning consent has not been obtained for the site and in the usual way, prospective purchasers are encouraged to undertake their own planning enquiries.

Residential use may be acceptable, whilst suitable commercial uses compatible with the existing surrounding residential area could also be considered for this sale. The loss of the existing library (of D1 Use Class) should be justified in accordance with saved policy 2.1 in the Southwark Plan and Strategic Policy 4 in the Core Strategy. Any proposed residential scheme would need to meet the housing mix and housing quality requirements of the Core Strategy and Residential Design Standards SPD (adopted September 2008) COMMERCIAL PROPERTY CONSULTANT S 9 HOLYROOD STREET, LONDON, SE1 2EL T: 0207 939 9550 F: 0207 378 8773 [email protected] WWW.ALEXMARTIN.CO.UK PROPERTY PARTICULARS

Tenure The London Borough of Southwark owns the freehold site. The property is anticipated to have full Vacant Possession as of the 28th September 2011, by which time the Library will have closed and the first floor tenant will have vacated following the expiry of their lease.

Method of Sale Conditional or Unconditional offers will be considered (subject to contract), requested by way of Informal Tender. Planning and revenue overage proposals are sought where appro- priate, and proof of funds is required in the form of a bank letter or similar.

Viewing Please contact Alex Dawson Tel: 0207 939 9550 / 07949 745 533 Email: [email protected]