148-150 Commercial Road, London, E1 1NL | Property for sale | Savills
Guide price £2,000,000($2,658,832)

148-150 Commercial RoadLondon, E1 1NL

  • New
  • Sole agency
  • Freehold
Investment
Yield 7%Yield

Key features

  • Popular and established location
  • Freehold
  • Comprising of two Retail units and four self contained flats
  • First time on the market for over 40 years
  • Investment let at £139,160 p.a. (6.9% GIY on Guide Price)

A 4 story freehold mid terrace property on Commercial Road, Whitechapel comprising of two ground floor commercial units and basements with upper parts.

About this property

  • An attractive 4-storey, freehold mixed use commercial and residential investment mid-terraced building, plus basements, the property comprises 2 shops on the ground floor, with basements used for ancillary storage; 1 x 2 bedroom flat (with study) and 1 x studio flat on the first floor, 1 x 2 bedroom flat on the second floor and 1 x 1 bedroom flat on the third floor. We understand the total floor areas to be as follows. Commercial Total 1,960 sq ft NIA. Residential Total 2,153 sq ft GIA Investment fully let and producing £139,160 p.a.

Local information

  • The subject property is situated on the south side of Commercial Road (A13), close to its junction with Hessel Street, within the London Borough of Tower Hamlets, approximately ½ mile from the eastern fringe of the City. The area is well served by road and public transport links. Bus routes pass the property. Whitechapel (Hammersmith & City, District and East London Lines) and Aldgate East (Hammersmith & City & District Line) Underground stations are about ¼ mile to the north and west, respectively. Whitechapel Station (Elizabeth line) is located 0.5 miles away.
  • Whitechapel has become one the most sought after locations for investors in recent years, with it's resurgence 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 the London 2012 Olympics and the introduction of the Elizabeth Line.

Additional information

  • Proposed erection of mansard addition at fourth floor level to provide 1 x self contained residential unit. Permit. Planning elapsed.