Restoring the iconic Ladywell Playtower in Lewisham will cost an extra £1.7 million.  

The “significant” rise in costs comes after surveyors found an array of unforeseen issues such as rotting timber and asbestos.  

New structural support, basement waterproofing, water and electric upgrades, and repairing brick work, drains and roof coverings will also add to the cost.  

Originally it was estimated the restoration of the Victorian grade II listed Playtower, built as public swimming baths in 1884, would cost £4.5 million but that figure has now risen to £6.2 million.  

Developer Guildmore, in partnership with Curzon Cinemas, bought the years-derelict Playtower in 2017.  

Plans for the site originally included a nursery and step-down care facility but this was dropped after few residents showed support for it.  

The space will now be used for extra flats – 33 up from from the initial 21 – which the council says will mitigate the extra costs. 

Councillors approved the changes at Mayor and Cabinet on Wednesday (November 20), as well as an offer from Curzon to give discounted cinema tickets to Lewisham Local Card holders, which rewards local volunteers.  

A community hub was also added to the revised plans where local businesses and groups will be able to rent space below the market rate. 

At the meeting, Lewisham Mayor Damien Egan said: “Under the new development we will have the cinema, café and community space. 

“Curzon also agreed to apply discounted cinema tickets to holders of the Lewisham Local Card, so that will encourage more volunteering in the borough. 

“Our priority now is to make sure we get underway with the works so we can protect this building for future generations.” 

He added: “The restored Ladywell Playtower will be an exciting new community facility in Lewisham, with a new Curzon cinema and space for the community.  

“I am proud that we are protecting our heritage and are keeping the restored Playtower open for the future.”