Excess of £13,000,000

35A Commercial RoadLondon, E1 1LB

  • Freehold

Key features

  • The existing building comprises 36 flats (5 studios & 31 one beds)
  • Planning consent for change of part of ground floor to retail (A1)
  • Pre-application for a full development to provide 74 residential units
  • Within Central Activites Zone and the Aldgate Masterplan
  • Vacant possession available on completion

The existing building comprises 36 flats and has potential for an extensive development for a variety of uses.

About this property

  • The property presents an excellent redevelopment opportunity to increase the bulk and massing on-site and deliver a variety of uses including residential. The vendor has carried out extensive work to prepare the site for redevelopment and Stockwool Architects have designed a scheme which provides 74 flats over 18 storeys with commercial space at ground and lower ground floor level. The current proposal comprises 4,416 sq m (47,533 sq ft) NIA of residential accommodation (14 x studios, 26 x one beds, 29 x two beds, 5 x three beds) and 250 sq m (2,691 sq ft) GIA of commercial accommodation at ground and lower ground floor. The Stockwool proposal demonstrates that the site has the potential to increase the bulk and massing on site to provide a tall building of approximately 5,912 sq m (63,632 sq ft) GIA. This provides an ideal opportunity to extensively re-develop the site for residential, commercial or mixed-use purposes.

Local information

  • The property is located on the northern side of Commercial Road, immediately to the west of its junction with Adler Street with direct frontage to both streets. Aldgate is a popular residential area of East London located a short distance from the City and Shoreditch.
  • The area currently has a mix of commercial and residential uses in close proximity to the City, the financial heart of London and home to an estimated working population of over 350,000. Commercial Road is widely considered one of London’s growth ‘Hotspots’ and has seen an abundance of regeneration and re-development.
  • The immediate locality continues to be transformed into a vibrant hub through proposed and existing mixed-use developments surrounding the property, with retailers and restaurateurs benefitting from both the active working population and the residential occupiers providing evening and weekend trade.
  • Developers including Berkeley, Barratt, Redrow, Telford, London Square, London Newcastle, London and Quadrant all have schemes within the vicinity bringing new residential, commercial occupiers and a new wave of retail and restaurant operators. Increased demand from media and creative businesses has also led to significant commercial investment from investors including British Land, Hermes and Helical Bar.