A hotel with 25 rooms is set to be built where the TSB bank on The Blue used to be.
Developer Hansali Corporate Fulham Ltd is putting forward plans to construct the four-storey building on 253-255 Southwark Park Road and 1 Bombay Street in Bermondsey.
The site is currently home to the disused bank building and a vacant mechanics, according to planning documents.
Local people, including the area’s former MP Sir Simon Hughes, were disappointed when TSB announced the branch would close in April last year.
Hansali Corporate Fulham Ltd has now submitted plans to demolish the buildings on the site and build a four-storey, 25-bedroom hotel.
There will also be a commercial space at ground floor, expected to house a cafe or co-working space.
The hotel rooms will vary between 14m² and 21m², with two being disabled-accessible.
The developer has said it aims to ensure the building is in character with the rest of the street, including the distinctive Blue Anchor pub two doors down.
To achieve this, initial plans say the new building will have a “large open shopfront” style and buff-coloured brickwork.
The one parking space on Bombay Street would be converted into a blue badge badge holder’s space.
The existing buildings were built in the 19th century. One of them was damaged by bombing in World War II reducing it to a single-storey flat-roofed structure.
Despite their age, a heritage statement commissioned by the developer concluded it was a off “limited townscape merit”.
An archaeological report found there was “low potential” for the discovery of historical remains dating from prehistoric eras to the medieval period.