The co-op store near Sidcup station could be demolished for a new mixed-use development under plans submitted to Bexley Council from Copland Estates.
Co-op would be expected to vacate by March 2019.
No affordable housing is proposed. The developers claim it’s not “viable” to do so whilst making a 20% profit margin.
It is mentioned that this is the minimum margin expected in with the “level of risk” in the current property market. However, even when London prices were rising by 10-20% annually due to government props and interventions in the market, 20% was almost always the minimum profit margin that developers claimed was viable.
As such, developer profits have increased massively in recent years.
It’s not very elegant as a design. The colour palette appears pretty dark and oppressive.
The high street frontage has large bland expanses of brick from some angles. Behind that is a dull lump of a block.
The images of the proposed development aren’t very good but Bexley’s website rarely seems to have good quality images on their planning portal.
The planning reference is 18/01214/FULM. Click here to view and comment on these plans.