A new place to rest in New Cross
New Cross takes its name from a coaching inn that once provided accommodation for weary travellers, so it’s entirely appropriate that the site of the Walpole pub in New Cross Road is now set to become a 60-bed hotel – the only one in the SE14 postcode.
It was sold off a guide price of £2.25 million by AG&G’s Anthony Alder, to a Middle Eastern investment company.
The pub is an attractive, flat-fronted Victorian building that comes with a beer garden, letting rooms and two neighbouring shops but it was sold with planning permission for a new hotel.
“There’s such strong demand for large plots in central London and it’s close to the terminus of the East London line, near up-and-coming Stratford and with that precious permission, so the potential was clear,” says Anthony.