End terrace house for sale in Commercial Road, London E1
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Utilities and more details
Property 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
Property description
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.
For more information about this property, please contact
Stirling Ackroyd - New Homes, EC2A on +44 20 8115 2087 * (local rate)
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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Stirling Ackroyd - New Homes, and do not constitute property particulars. Please contact Stirling Ackroyd - New Homes for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.