Freehold Mixed Use Investment

Offer Deadline:

Offers Invited

Size:

11,554 sq ft (1,073.42 Sq M)

Building Type:

Mixed Use Investment – Retail and Nine Residential Apartments

Building Class:

Class E and C3

Location:

5-9 White Church Lane, London E1 7QR

Viewing Information:

Strictly by Prior Appointment made with Hilco Real Estate Advisory Representatives

DOWNLOAD SALE PARTICULARS

Map:

On the Instructions of the Joint Liquidators of Whitechurch Lane Limited

Opportunity

Freehold corner building occupying prominent position on White Church Lane, Aldgate
Retail Unit arranged over ground and basement and nine residential apartments
Combined floor areas: 11,554 sq ft (1,073.42 sq m)
Site area: 0.082 acres (0.033 Ha)
Mixed use investment generating a current income of £162,600 per annum / ERV £272,400 per annum
Vacant retail unit and 9 residential apartments (7 x 2 bedroom, 1 x 1 bedroom & 1 x studio)
Potential for redevelopment/alternative uses (STPP)
Offers invited for the freehold interest

Description

The property comprises a large mixed use building situated on the corner of White Church Lane and White Church Passage with prominent retail frontage at ground floor level. The building is of red brick construction and is arranged over ground, basement and four upper floors.

Retail Unit – Arranged over the ground and basement floors, with ground floor retail area with ancillary office accommodation, kitchenette and WCs, with additional retail area/storage at basement level.

Residential – Nine apartments arranged over the upper floors, benefitting from a separate entrance at street level with lift access to all floors.

First Floor –3 Apartments (studio, 2 x 2 beds)
Second Floor – 2 Apartments ( 2 x 2 beds)
Third Floor – 2 Apartments (2 x 2 beds)
Fourth Floor – 2Apartments (2 bed, 1 bed)

Location

The property occupies a prominent position in the heart of London’s E1, within the Whitechapel/Aldgate area. The property benefits from excellent transport links, with Whitechapel Station (Elizabeth line, Overground, District and Hammersmith & City lines) and Aldgate East Underground Station within close walking distance. The location provides rapid access to the City of London, Canary Wharf and the West End.

The surrounding area is a well-established mixed-use neighbourhood, characterised by office, residential and retail occupiers, with a wide range of amenities including shops, cafés, restaurants and cultural attractions.