KALMARs and CBRE have launched to the market an exceptional mixed-use development opportunity in Southwark with a GDV of over £135m.

Bermondsey Reach at 79-161 Ilderton Road comes with a resolution to grant planning permission for a 312 residential apartment-led development. The scheme comprises 36% affordable housing, 4,833 sq ft of Class A1 retail floor space and 19,569 sq ft of Class B1 commercial floor space.

The 0.55ha vacant site has potential to generate income through a temporary use, previously being used as a lorry park. The site is located just 200 metres from South Bermondsey railway station which provides regular National Rail services into central London.

The site is also just 0.2 miles from the 2025 planned New Bermondsey London Overground station.

The development forms part of the New Bermondsey regeneration area and the Old Kent Road AAP with both areas being earmarked for significant regeneration.

According to the agents, the development is extremely well suited for Build to Rent (BTR). With just over 1,000 BTR apartments in Southwark currently under construction, the supply / demand imbalance of BTR is set to intensify further. The demand for well-designed schemes with good levels of amenity space close to transport links is set to continue. With 42% of Southwark’s population aged between 20-39 years old, KALMARs highlight this demonstrates a strong market for a new BTR scheme.

Sebastian Kalmar, Residential Director and Development Consultant at KALMARs said: “This is a landmark site that is extremely rare to be brought to market, hugging a Zone 2 station in one of the coolest areas of South London and clearly set for strong capital appreciation – Bermondsey Reach is a site that we know people are going to be talking about for many years to come!”

Jonathan Allen, Residential Development at CBRE says “Bermondsey Reach is in a prime position to capitalise on the surrounding areas increasing popularity and capture a new wave of growth. We expect to see continued demand for well-designed schemes with good levels of amenity space as well as being situated close to transport links and local amenities.”

Bermondsey Reach is available to purchase with the guide price available on request through KALMARs and CBRE. Site viewings are by appointment only.

For more information contact Sebastian Kalmar at KALMARs on T: 0207 403 0600 or contact Jonathan Allen at CBRE on T:020 7182 3174.

See Bermondsey Reach profile for more photos and team credentials.