Available
London E1 – Vacant Retail Shop with Basement
17/19 Umberston Street, Tower Hamlets, London E1 1PYVirtual Freehold Retail Investment
Investment Consideration
- ERV: £39,000 p.a. GIY: 10.40%
- Comprises retail premises arranged over ground floor and basement
- Forming part of a newbuild (2020) residential block
- Situated just off Commercial Road with occupiers nearby including takeaway`s, barbers, butchers, convenience store and many more
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises ground floor retail premises with ancillary accommodation at basement, providing the following accommodation and dimensions:
Ground Floor: 54 sq m (581 sq ft)
Open plan retail
Basement: 108 sq m (1,163 sq ft)
Ancillary, Storage
Total area size: 162 sq m (1,744 sq ft)
Ground Floor: 54 sq m (581 sq ft)
Open plan retail
Basement: 108 sq m (1,163 sq ft)
Ancillary, Storage
Total area size: 162 sq m (1,744 sq ft)
Tenancy Description
The property is at present vacant. ERV: £39,000 p.a.
Tenure:
Long Leasehold. Held on a 999 year lease from 4th March 2021 at a ground rent of peppercorn.
Tenure:
Long Leasehold. Held on a 999 year lease from 4th March 2021 at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
The property is located in the heart of Whitechapel on Umberston Street, London, E1. It is surrounded by Commercial Road (A13) to the north and The Highway (A1203) to the south. The area benefits from excellent transport links, with Shadwell London Overground Station just 750m away, and Aldgate East and Whitechapel underground stations within easy walking distance. There are multiple bus routes, including night buses, along Commercial Road. The immediate vicinity consists of a mix of high-density housing, offices, and independent retailers.
