The property comprises the land to the rear of 363 Commercial Road with planning for a rear extension to form 3 additional residential dwellings extending to a total of 1,453 square feet (135 square metres) approximately. Once developed the property will consist of 2x1 bed flats arranged over lower and upper ground floors and 1x1 bed flat on the first floor with a total estimated GDV of £1.1m. Please see the PLANNING section of the brochure for more details.
Please note the freehold of 363 Commercial Road will also be included in the sale - consisting of an existing three-storey building adjacent to the land which will be retained on a virtual freehold by the vendor (consisting of two ground floor retail units, 1 x 1 bedroom on the first floor and 1 x studio flat on the second floor). The building is vacant and any element is still available by separate negotiation. The rear site has been cleared so there is no demolition required.
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.
Local authority: London Borough of Tower Hamlets
Units & floor plans
* All floor areas subject to measurement on practical completion
Lower Ground Plan
Lower Ground Floor proposed plans for residential development with planning for 3 flats in commercial road.
Upper Ground Plan
Upper Ground Floor proposed plans for residential development with planning for 3 flats in commercial road.
First Floor Plan
First Floor proposed plans for residential development with planning for 3 flats in commercial road.
Second Floor Plan
Second Floor proposed plans for residential development with planning for 3 flats in commercial road.
Find out more information about this building's development and technical spec.
Rare residential development opportunity in Commercial Road, E1. This freehold land is a cleared site benefiting from planning permission for 3 x flats. We estimate the GDV to be in the region of £1.1m.
Subject to contract and exclusive of VAT
Harston&Co on its behalf and for the vendors or lessors of this property whose agents they are, give notice that:
The particulars within this document are for general guidance only and do not constitute any part of an offer or contract for sale or lease.
Any statements or representations should not be relied upon as fact, and any interested parties should satisfy themselves as to the accuracy of any statement.
Unless otherwise stated, all prices and rents are exclusive of VAT and are subject to change.
Harston&Co is the trading name of Harston Property Ltd registered in England No: 10618714.