10 The Grange
£525,000
- Airspace development creating nine new apartments above an existing residential block.
- Partnership with leaseholders of an existing block of 28 flats to develop 10 The Grange in Bermondsey.
- Assistance provided to leaseholders to purchase the freehold and gain control over the development process.
- Development includes substantial upgrades to the existing property, such as a new lift, replacement render and balconies, external landscaping, new fire safety and security systems, refurbished communal areas, and additional cycle parking.
- Introduction of nine new penthouse apartments, including seven unique duplexes with external front doors and large terraces on fourth and fifth floors.
- ‘Houses in the Sky’ concept combines suburban-style housing with inner London living, offering an innovative solution to London's housing shortage.
- Leaseholders benefit from profit sharing and improvements to their existing block through this development.
Discover Your Ideal Home: Apartments for Sale at 10 The Grange
Located in Bermondsey, 10 The Grange represents our second airspace development project in collaboration with the leaseholders of an existing block of 28 flats.
Initially, Fruition Properties guided the leaseholder group through the legal process after they received a Section 5 notice from their freeholder, who intended to sell the roof-space to a third-party developer for the construction of additional flats.
The majority of leaseholders were concerned that the proposed sale was being imposed on them and their tenants without any control or benefit. To address this, we assisted them in securing the funds necessary to purchase the property's freehold. This acquisition allowed the leaseholders to benefit from the airspace development through significant property upgrades and profit sharing.
The project will deliver nine new penthouse apartments, along with enhancements to the existing building. These improvements include the installation of a new lift, updated render and balconies, external landscaping, upgraded fire safety and security systems, refurbished communal areas, and additional cycle parking.
These innovative "Houses in the Sky" provide a sustainable solution to London's housing shortage, offering suburban-style living in the heart of the city. This collaborative effort has empowered the leaseholders to enhance their block through the strategic construction of new homes in the airspace above.
This property is conveniently accessible via several stations, including Bermondsey, Borough, Canada Water, Ebbsfleet International, Elephant & Castle, Kelvedon, London Bridge, Monument, Oxted, Radlett, Redhill, Rotherhithe, Shadwell, South Bermondsey, Surrey Quays, Tower Hill, and Wapping stations.
Disclaimer*Please note that property descriptions, images, and related information on this page are derived from marketing materials on the developer's website. Entralon does not guarantee or accept responsibility for the accuracy or completeness of these descriptions or related information, and they do not constitute property particulars.
St Joseph's R C Primary School
Riverside Primary School
Tower Bridge Primary School
Bermondsey
London Bridge
Rotherhithe
Canada Water
Bermondsey Station (Stop A)
Dockhead (Stop E)
Boss Street (Stop S)
Bermondsey Spa Medical Practice
Life Line Screening
Riverside Healthcare
Comptoir Gourmand Maltby
The Doodle Bar
The Cat & Cucumber Cafe
Bermondsey Spa Gardens
Potters Field Park
Potters Fields Park
The Circle Gym and Spa
Boxercise Classes London
London Savate - French Kickboxing
Ronnie's Supermarket
St James Super Market London
Tesco Express
