Peckham development site sells for £7m 15.04.15

Levy Real Estate has advised Charter Land on the £7m sale of a development opportunity at 32-36 Rye Lane in London’s Peckham.

The property has been bought by boutique residential developer Bmor which has plans for a £15m conversion. The building has consent for 14 flats, including two penthouses, while a further planning application is seeking an extension for another seven units. There are three retail units on the ground floor.

Matt Sharman, Head of Residential at Levy Real Estate comments: “Peckham’s commercial and residential property markets are now on the same upward trajectory that we have seen in Brixton during the past few years”.