Pocket Living has submitted plans to Southwark Council for 57 homes in South Bermondsey, SE16.
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Pocket Living has submitted plans to Southwark Council for 57 homes in South Bermondsey, SE16.
All 57 units will be one-bed “compact, affordable homes offering high-quality living accommodation accessible to first time buyers” with a 20% discount to the market rate.
Planning documents reveal the scheme has been designed to allow the development of adjoining sites.
“The north and south elevations of the building are treated as blank party wall conditions. This will encourage and unlock future development of the sites to the north and south and allow for the completion of a built edge along Varcoe Road.”
Land Registry documents reveal Pocket Living have an ‘option agreement’ on the site directly adjacent to the north. The freeholder is currently a private individual who acquired the site in June 2005 for £220,000.
Documents attached to the application reveal further medium- to long-term plans for the adjoining sites to the west, which are currently in light industrial use.
Capital Industrial acquired the site from Workspace in October 2014 for £8.3m. Harry Read of Capital Industrial said the company, which specialises in property investment and management of industrial assets, would “retain the property as industrial for the long term and have no plans to redevelop the site”.
With the proposed Bakerloo line southern extension, which could see a new tube station just a five-minute walk away, and the site’s inclusion in the Old Kent Road Opportunity Area, how long the area stays primarily industrial remains to be seen.
