134-136 Commercial Road
Whitechapel, London, E1 1NLThe Space
Freehold Development Opportunity with Planning Consent for 3 Residential units
At a glance
| Property Type | Retail |
| Tenure | For Sale |
| Size | 4,282 sq ft |
| Price | Offers in the region of £2,100,000 |
| Business Rates | £27,846 per annum |
| Service Charge | n/a |
| Energy Performance Rating | Upon enquiry |
Shadwell
7 mins
Whitechapel
7 mins
Bethnal Green Rail
13 mins
Fenchurch Street
14 mins
Shadwell
7 mins
Whitechapel
7 mins
Aldgate East
8 mins
Aldgate
10 mins
Key Points
- Large frontage
- Air conditioning
- Security shutters
- Lift
- Alarmed
- Planning consent granted for 3 residential units
Description
The available accommodation comprises a prominent retail premises arranged over the ground floor, basement and two upper floors. The property offers open-plan retail/storage space throughout, benefitting from large frontage with good footfall and is suitable for a large variety of retail/wholesale operators. The building further benefits from planning consent for re-development of the first and second floors to C3 residential (1x3 bedroom, 1x1 bedroom, 1x Studio).
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m |
|---|---|---|
| Basement | 1,022 | 94.95 |
| Ground - Retail | 1,201 | 111.58 |
| 1st | 1,002 | 93.09 |
| 2nd | 1,057 | 98.20 |
| Total | 4,282 | 397.82 |
The Location
Located on the West side of Commercial Road close to where the junction meets with Umberston St. The property is well served by transport links with Whitechapel Station (Overground & Underground) approximately 0.5 miles North, and Aldgate East (Hammersmith & City and District) 0.4 miles west. There is a wealth of amenities within the immediate vicinity including national retailers and leisure providers such as Pure Gym and Tesco's.
Viewings
Strictly by appointment only.
Terms
Freehold
Tenancy Details
Current lease expiring Feb 2028 with a passing rent of £80,000 per annum.
Planning Consent
Planning Consent was previously granted in Jan 2022 which allowed the conversion of 1st and 2nd floors into 3 self contained residential units (1x 1-bedroom, 1x studio and 1x 2 bedroom)
Reference Number: PA/21/01455/A1
The planning permission is subject to a Section 106 agreement which requires a financial contribution of £91,000.