Lagare, 51 Surrey Row, London, SE1

Set within the heart of SE1, this exceptional development opportunity at Lagare, 51 Surrey Row, presents a rare chance to acquire two adjoining units and create either a substantial split-level family home or two separate residential apartments in one of Central London’s most sought-after and rapidly evolving neighbourhoods.

Currently configured as two substantial office buildings, the properties comprise approximately 1,784 sq ft and 1,556 sq ft respectively, providing a combined internal area of approximately 3,340 sq ft. Arranged over basement, ground, and first floors, the existing layouts offer generous proportions and significant flexibility for redevelopment, making the opportunity particularly attractive to developers, investors, or owner-occupiers seeking a bespoke residential project.

Subject to the necessary planning consents, the two units could be combined to create an impressive warehouse-style split-level residence extending across approximately 3,340 sq ft. Such a scheme could accommodate four or five bedrooms, multiple reception spaces, extensive entertaining areas, and private outdoor space, resulting in a unique loft-style home rarely available in Zone 1 London.

Alternatively, the units could be converted into two individual residential apartments, each offering generous accommodation with the potential for spacious two-bedroom homes, appealing to both owner-occupiers and the strong SE1 rental market. The flexibility to pursue either strategy provides multiple avenues for value creation and future resale potential.

The properties are held on a long leasehold with approximately 972 years remaining and benefit from a recently issued Commercial EPC rating of C, providing excellent long-term security and strong underlying asset fundamentals.

Perfectly positioned between Waterloo, Southwark, and Borough, the location offers exceptional connectivity across London, with easy access to the South Bank, the City of London, Westminster, and London Bridge. The surrounding area continues to benefit from significant regeneration and is renowned for its vibrant mix of restaurants, cafés, cultural attractions, creative businesses, and independent retail offerings.

This is a genuinely rare opportunity to acquire a versatile central London conversion project with substantial scale, multiple development options, and significant upside potential in one of the capital’s most dynamic residential markets.