Commercial Road, London, E1
- PROPERTY TYPE
End of Terrace
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 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
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-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.
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: TBC
Commercial Road, London, E1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Whitechapel Station0.3 miles
- Shadwell Station0.3 miles
- Aldgate East Station0.5 miles
About the agent
Stirling Ackroyd Sales, New Homes
40 Great Eastern Street, London, EC2A 3EP
New Homes at Stirling Ackroyd have been active in the City fringe market for in excess of 15 years and have dealt with many high-profile schemes throughout the area. We have acted for many of the main house builders, as well as the more active niche developers.
Set up originally in a small office on Curtain Road, in the then unfashionable northern City fringe, we have watched the community we are part of grow into the prime property locations you see today.
Notes
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Visit our security centre to find out moreDisclaimer - Property reference NEW220188. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Stirling Ackroyd Sales, New Homes. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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