Panda House, 628 -634 Commercial Road, London, E14 7HS
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Hospitality facility for sale
- USE CLASSUse class orders: Sui Generis
sui_generis_3
Key features
- Panda House is a hostel (Use Class Sui Generis)
- 59 en-suite units with shared communal space
- Existing GIA of approx. 15,232 sqft / 1,415 sqm
- The property is subject to a lease expiring December 2029 at a rent of approx. £873,000
- Lapsed planning consent for a new build scheme to provide 109 rooms
- There is scope to repurpose the existing building and/or explore alternative living uses
Description
Existing GIA of approx. 15,232 sqft / 1,415 sqm.
The building is situated on Commercial Road in Limehouse, East London, minutes away from the thriving hub of Canary Wharf.
The building occupies an island site, and currently operates as a hostel.
The property is subject to a lease expiring December 2029 at a rent of approx. £873,000.
Lapsed planning consent for a new build scheme to provide 109 rooms (approx 41,883 sqft GIA) over 7 storeys plus lower ground.
There is scope to repurpose the existing building and/or explore alternative living uses such as Coliving or PBSA, subject to obtaining the necessary consents.
0.3 miles to Limehouse station.
Offers are invited for the freehold interest in the property.
The building can be sold with Vacant Possession if required.
Brochures
Panda House, 628 -634 Commercial Road, London, E14 7HS
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Limehouse Station0.2 miles
- Westferry Station0.4 miles
- West India Quay Station0.7 miles
Notes
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