225 Commercial Road, Whitechapel £350,000

• First floor apartment
• Converted Edwardian building
• Roof terrace
• 488 Square feet
• Desirable location
• Gas central heating
• High ceilings
• Two original sliding sash windows
• New 999-year lease
• Peppercorn ground rent
• Separate lounge and kitchen
• Double bedroom
• Bathroom with a window
• No onward chain

A first floor one bedroom apartment of 488 Square feet, 45.3 square meters, with a private roof terrace in an attractive Edwardian building converted around 30 years ago, being sold for the first time.

From the outside the building is a unique blend of traditional Edwardian and Contemporary architectural styles with three modern penthouses having been added to the building in 2016.

This is one of five flats accessed from one of two entrances to the building. On the ground floor is a commercial wholesale fashion business.

This property has been recently decorated throughout.

Commercial Road is conveniently situated between the City of London and Canary Wharf. It has long been associated with the rag trade and is a diverse colourful location, just a walk into the City of London, The Tower of London, Tower Bridge and Spitalfields Market.

The accommodation:

The communal entrance with stairs to the first floor. The front door opens into the entrance hallway. The lounge is located at the front with windows and a glazed door, giving access to the private roof terrace.

The separate kitchen is fitted with appliances, with a tiled floor and a serving hatch into the lounge.

The bathroom is a good size with one of the large original sliding box sash windows a white suite with a thermostatic shower over the bath and white ceramic tiling.

The quiet double bedroom at the rear, has dual aspects with a large original sliding box sash window to the side and another window facing to the rear. There is a fitted cupboard.

The Building:

The service charge budgeted for this year is £1,858. Since this budget was prepared, the block manager has been replaced, and the Freeholder expects the actual service charge will potentially come below budget following the replacement of fuel suppliers amongst other services. As the Freeholder will continue to own the remaining original 7 flats [NB we are not including the penthouses here], the buyer can be assured that maintenance costs for the building are keenly managed and kept to a minimum

Because the penthouse flats have some form of cladding, the Freeholder has commissioned a review as to what is needed in terms of an EWS1 to satisfy its legal obligations. The buyer will not be responsible for these costs or the costs of a more comprehensive investigation or remedial work if required. Because the construction was fairly recent, it is not expected that any remedial work will be required. EWS1 surveyor should be on site week commencing on the 31st of March for preliminary survey.

Tenure: Leasehold, a new 999 year lease will be provided with a peppercorn ground rent.

Service Charge: Estimated £1858 per annum.

Ground rent: N/A

Viewing and availability: The property is vacant, viewing by appointment with the sole agent Look Property.

WHITECHAPEL

Whitechapel is a vibrant and diverse neighbourhood located in the heart of the East End of London. With a rich history, excellent transport links, and a thriving cultural scene, Whitechapel offers numerous advantages.

Whitechapel boasts a range of leisure and cultural attractions. The area is home to several museums, art galleries, and theatres, including the Whitechapel Gallery, which is renowned for its contemporary art exhibitions. The nearby Brick Lane is famous for its vibrant street art scene, trendy cafes, and vintage shops, while the historic Spitalfields Market is a popular destination for foodies and shoppers alike.

Whitechapel is currently in the middle of a 15-year regeneration effort as set out by the £300m Whitechapel Vision. Projects underway include a new Town Hall, an extension to Queen Mary University and seven new public spaces and more.

The Town Hall was built in the early 20th century, the building is an impressive example of Edwardian architecture and is home to the offices of the London Borough of Tower Hamlets. The Town Hall is also a popular venue for events and exhibitions and hosts a range of cultural and community activities throughout the year.

E1 has an abundance of vibrant independent restaurants offering a wide range of global cuisines with Brick Lane’s famous mile-long stretch of curry houses and bagel bakeries a 10-minute walk away.  The area also has a thriving cocktail bar scene along with plenty of traditional pubs that ooze East End character and history.

Located a few miles from the City of London, Whitechapel benefits from access to several station with the underground at Aldgate East and Stepney, the overground at Whitechapel and various bus routes. The DLR line is only 8 mins walk accessed at Shadwell station.

Watney market is a local market located five hundred yards away with a collection of shops on either side.

Whitechapel is one of the stations on the Elizabeth line. The station was extensively redeveloped as part of the Elizabeth line project, with a new ticket hall, platforms, and station facilities being built. The new station provides better connections to other parts of London, including Canary Wharf, the West End, and Heathrow airport. Whitechapel has also become an important interchange station, with connections to the Hammersmith & City and District lines, as well as Crossrail (the name used during construction for the Elizabeth line) services towards Reading and Heathrow.