Executive Summary
- To be sold in the Strettons auction held on Tuesday December 13th 2022.
- Situated in the heart of Whitechapel with excellent transportation links across London.
- Arranged over ground floor and basement measuring approximately 1,646 square feet (153.02 square metres).
- Subject to a 10 year lease from April 2022 at a rent of £30,000 p.a.
- Low guide of £275,000 reflecting a gross yield of 10.9%.
- EPC Rating – B.
Location
The property is arranged over the ground floor and basement of this five storey, mid terraced building and is located in the heart of Whitechapel on Umberston Street, London, E1.
Description
Commercial Road (A13) is to the north of the property and The Highway (A1203) is to the south. The area benefits from great transport links across London, with Shadwell London Overground Station 750m away and Aldgate East and Whitechapel underground stations within easy walking distance.
There are a number of bus routes and night bus routes along Commercial Road. The immediate area is a mix of high-density housing, offices, and a range of independent retailers.
Accommodation
Details provided by seller:
Ground Floor: 57.48 square meters (618 square foot)
Basement 95.54 square meters (1,028 square foot)
Tenancy Details
Subject to a 10 year lease from April 2022 at a rent of £30,000 p.a
Lease Details
999 years from March 2021.
