£3,000,000

Retail premises for sale

  1.  _Mg_09421234_7345_.Jpg
  2.  _Mg_09341234_7345_.Jpg
  3.  _Mg_09391234_7345_.Jpg
Freehold

From

£3,000,000

(£610.50/sq. ft)

Retail premises for sale

Commercial Road, London E1

4,914 sq. ft

Local area information

Property location

Nearby amenities

  • Wapping High School 0 miles
  • Date Palm Primary School 0.1 miles
  • Whitechapel 0.3 miles
  • Whitechapel 0.3 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guides for Whitechapel, Wapping and Shadwell to find out more about the local area.

Features and description

  • Freehold
Key Points

  • Prominant Location
  • Planning Permission for 7 Flats
  • Freehold with Vacant Possession

  • Description

    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-occuupier 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.

    Viewings

    Strictly via Stirling Ackroyd

    Tom Allen Tom Morrissey

    Location

    Prominent corner site on the junction between Commercial Road and Turner 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 saught 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.

    Whitechapel is currently in the middle of a 15-year regeneration effort as set out by the £300m Whitechapel Vision. Projects underway include a new Town Hall, an extension to the Queen Mary University, seven new public spaces and more.

    E1 has an adbundance of vibrant independent restaurants offering a wide range of global cusines, while Brick Lane's famous mile-long stretch of curry houses and beigel bakeries is a 10 minute walk away.

    The area also has a thriving cocktail bar scene along with plenty of traditional pubs that ooze East End character and history.

    Terms

    Unconditional offers invited at £3,000,000 for the freehold site with vacant possession.

    Floor plans and tours

    Floor plans (1)

    Floor plan 1

    More information

    Report this listing

    Listed by

    Property descriptions and related information displayed on this page are marketing materials provided by - Stirling Ackroyd - Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Stirling Ackroyd - Commercial for full details and further information.

    1. Zoopla
    2. Commercial for sale
    3. London
    4. East London
    5. Shadwell
    6. Commercial Road