Available
London E1 – Vacant Retail with Planning for 1-Bed Apartment
21 Cressy House, Hannibal Road, Stepney Green, London E1 3JEVirtual Freehold Vacant Retail with Residential Development Opportunity
Price
£325,000
Rent P.A.
Vacant
Tenure
Leasehold
Area
396 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Vacant possession
- Comprises ground floor retail premises
- Suitable for variety of uses (Class E)
- Planning approved in July 2022 for conversion into 1-bed residential apartment (C3)
- Situated within short walk from Stepney Green Underground Station (District & Elizabeth Lines)
- Nearby occupiers include Tesco Express, Sainsbury`s Superstore, Cinema, and more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises prominent corner retail premises arranged over ground floor. The property benefits from two entrances one from the street and one from the communal lobby area, providing the following accommodation and dimensions:
Ground Floor: 36.8 sq m (396 sq ft)
Open plan retail, store/office, kitchen, wc
Ground Floor: 36.8 sq m (396 sq ft)
Open plan retail, store/office, kitchen, wc
Tenancy Description
Tenure:
Long leasehold. Held on a 999 year lease from 29th September 2001 at a ground rent of peppercorn.
Long leasehold. Held on a 999 year lease from 29th September 2001 at a ground rent of peppercorn.
Location Description
Centrally located to the south of Mile End (A11) and less than two miles from the City of London. The Queen Mary University and Royal London Hospital are both within half a mile. The green open spaces of Stepney Green Gardens are within walking distance. The property is situated within short walk from Stepney Green Underground Station (District & Elizabeth Lines). Nearby occupiers include Tesco Express, Sainsbury`s Superstore, Cinema, and more.