SURREY ROW, BANKSIDE
[ Top of page ][ Back to Case Studies ] | [ Sections index ] | [ Back to top ]
Deco Design and Build and Premier Homes Ltd
Surrey Row, Bermondsey
Phase one complete, phase two will be finished 2004
Sixteen live/work units, with eight new-build live/work units to the rear
DIVISION OF LIVE/WORK SPACE
66:33 to 33:66 live work split for ground floor (larger) units and upper units respectively. Live and work accommodation is arranged on separate floors with no need to go through the residential parts to access work space
GETTING PLANNING CONSENT
The railway side line site, which was zoned for employment uses, was occupied by a cheque printing works and warehouse employing between one and five individuals during the last decade that it was operating. However it was difficult to market because of poor lorry access. North Star director Edward Heldreich says planning consent was relatively easy to secure as the consent was obtained prior to Southwarkâ€™s clampdown on live work development
Privately funded with bank loan from Barclays Bank who were initially reluctant to fund the development. Parent company North Star provided 30 per cent of the site value and half of the development capital. Edward Heldreich says: 'A senior executive from Barclays came down to check out the project and said he would like to buy a couple of flats. I had to point out to him that we needed funding before he could do that.'
Creative, young professionals
A gym has been provided in the building's basement that is available for use free of charge by residents and workers
All the units were sold soon after completion in 1999 and three have been sold on since
Currently the building is on a 999 year lease, managed by agents GL Hearn and Partners. The residents are currently arranging to buy out the freehold under the government's leasehold enfranchisement legislation
Approximately 40 people work at the development.
CAT 5 cabled
Surrey Row was planned with a clear delineation of live and work uses following pressure from Southwark council planners. 'The planners insisted that we delineate the space onto separate floors and they were right because it helps to prevent disputes over issues like noise,' says North Star director Edward Heldreich.
North Star director Edward Heldreich on 020 8313 1411