* Freehold
* Unconditional offers invited for £3, 000, 000 the freehold site with vacant possession
* Approx 4914sqft internally (current)
* Planning granted to provide 7 resiential dwellings
* Chain free
* Site can be sold with vp
Freehold property measuring approx 4914sqft over 3 floors with planning for 7
residential apartments and potential to enhance via further planning.
The property comprises of a large basement (1509 sqft), ground floor (1722
sqft) and first floor (1683) retail unit and has been used by the same owner -
occupier for over 40 years.
Planning permission pa/19/02300/A1: For the construction of a second, third
and fourth floor extension and change of use of first floor to C3 (Residential
use) to accommodate seven flats. Alterations to the ground and first floor
facades. Permission granted April 2020.
Situated on a prominent corner site on the junction between Commercial Road
and Tudor Street. The development benefits from the proximity of Aldgate (0. 7
miles) and Aldgate East (0. 5 miles) underground stations and Whitechapel
station (0. 4 miles).
Whitechapel has become one the most sought after locations for developers in
recent years, it's resurgence is part of a broader trend that has seen renewed
investment and interest in East London, spurred on by the widescale
redevelopment of Stratford and surrounding areas for London 2012 and the
introduction of the Elizabeth Line.
Whitechapel, is currently in the middle of a 15 - year regeneration effort as
set out by the £300m Whitechapel Vision. Projects include a new Town Hall, an
extension to the Queen Mary University, seven new public spaces and more.
E1 has an abundance of vibrant independent restaurants offering a wide range
of global cuisines while Brick Lane's famous mile - long stretch of curry houses
and bakeries are only a 10 minute walk away. There is also a wide selection of
characterful East London pubs to chose from.
Terms: Unconditional offers invited for £3, 000, 000 the freehold site with
vacant possession.