KALMARs and Knight Frank have launched Silwood Street in South Bermondsey to the market, a development opportunity in the London Borough of Lewisham with a guide asking price of £4.75 million. With consented plans to provide a £30 million (GDV) mixed-use development of 61 apartments and commercial space, the development is set to transform a cleared and vacant site adjacent to historic railway arches, and kickstart the wider regeneration of the New Bermondsey neighbourhood.

Located on a 0.25-hectare linear site, the plans by Stephen Davy Peter Smith Architects provide for a large development across four buildings, with heights of five to nine storeys and a modern, two-tone brick façade. The 61 apartments will provide 1-, 2- and 3-bedroom apartments; every home will have dual or triple aspects, with large windows and glazed doors planned to maximise natural light.

On the ground floor there will be commercial space totalling 14,133 sq. ft. including a café, community space, retail and office space. On the ground floor the commercial space will have generous 3.4m floor to ceiling heights and open plan layouts with the option to subdivide units for flexible letting agreements. The plans also provide for communal roof gardens for residents, and car and cycle parking. The site offers great transport links, with South Bermondsey Station within six minutes walking distance, and Surrey Quays station within ten minutes walking distance.

South Bermondsey is undergoing extensive transformation including improved transport links and amenities. There is Government funding for a London Overground station ‘New Bermondsey’ which will be located between Queens Road Peckham and Surrey Quays, with services set to commence in 2025, to be located a short walk from the Silwood Street site. The New Bermondsey regeneration masterplan will transform a 30-acre industrial site into a new neighbourhood of over 3,500 new homes, shops, sports facilities and public realm including piazzas and cycle paths. KALMARs highlight that there is huge interest in the New Bermondsey regeneration masterplan and the Silwood Street site is a prime opportunity to kickstart this transformation and market to keen buyers.

Sebastian Kalmar, Residential Director at KALMARs, says: “The Silwood Street development opportunity has consented plans for a mixed-use development to create new homes and commercial space in a location that is growing greatly in popularity.

For years South Bermondsey has been overlooked for better known areas but with improved transport links and the surrounding regeneration plans this area has great potential to outperform neighbouring areas. Silwood Street is a fantastic opportunity for a developer to begin constructing units that are likely to be very well received, high in demand and be a key part of South Bermondsey’s transformation.”

James Barton, Partner at Knight Frank says: “The area surrounding Silwood Street has undergone development and transformation leaving this vacant site a prime opportunity, located alongside historic railway arches. Across South Bermondsey, regeneration is being planned, with the area set to become highly sought-after offering young Londoners a new area to live and work, with Silwood Street set to kickstart this regeneration. We are anticipating a high level of interest for this site.”

Silwood Street is available to purchase with a guide asking price of £4,750,000.