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Retail Property (high street) for sale

361 Commercial Road, London E1 2PS

Offers in Excess of £700,000

Property Description

Key features

  • Building currently arranged over three floors to provide commercial use on the ground floor and a residential unit on the first floor and second floor.
  • Planning permission granted for a rear extension and conversion to provide a ground floor commercial unit and two residential units.
  • Excellent location providing access to the City, Canary Wharf, Shoreditch and the West End.

Full description

Planning has been approved by Tower Hamlets Council planning department under reference PA/17/00856 on the 18th August 2017 for a rear extension and conversion of the existing building to provide a commercial unit measuring 753 square feet (70 square metres) and 2 duplex one bedroom flats arranged over the first and second floors, one at the front and one at the rear of the converted building, each measuring approximately 645 square feet (60 square metres). The property will also benefit from secure covered cycle storage for up to 4 bikes and amenity space. All measurements are approximate.

The property comprises of an existing three-storey building with a commercial unit on the ground floor measuring approximately 871 square feet (81 square metres) and a 2 bedroom flat arranged over the first and second floors with a total size of 613 square feet (57 square metres). The site measures approximately 0.03 acres (125 square metres). The ground floor unit is currently let to 2 private individuals at £10,150 per annum on a 12 year lease from September 2006. Planning has recently been approved to extend and convert the building, details of which are in the Planning section. All measurements are approximate.

The ground floor unit is currently let to 2 private individuals at £10,150 per annum on a 12 year lease from September 2006.

The property is located on Commercial Road (A13) between the junctions of Bromehead Street and Bromehead Road in Whitechapel, London. Brick Lane is 0.7 miles to the west (approximately a 15 minute walk), Liverpool Street Station is 1.4 miles to the west and Shoreditch is within an approximate 30 minute walk (1.4 miles) to the north west. Shadwell station is approximately 0.3 miles away with a regular service into Bank (approximately 3 minutes via the DLR) and Clapham Junction is approximately 35 minutes away by National Rail from Shadwell Rail Station. Aldgate East Underground station, which is on the District and Hammersmith and City lines, is approximately 0.8 miles to the west. The area is served well by numerous bus routes for access into the City of London, West End and Canary Wharf.


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