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Unit 1, 19 Cheshire Street, Shoreditch, London, E2 6ER

975 Sq Ft / Other

Withdrawn - Last updated: 18 March 2024

Summary

19 Cheshire Street offers a highly unique and rarely available opportunity to acquire a very prominent commercial unit just off world famous Brick Lane. The subject property is arranged laterally and can be fully opened up due to past structural works. The property has a future as either retail premises which can capitalise on the super high footfall the district enjoys and retain the property’s quasi-commercial status. Alternatively, the property could be repurposed to present a stunning dual aspect residential unit measuring under 1,000 sq ft. The property is being sold with the benefit of a car parking space situated in a secure, gated rear compound. Please note, this property is classified as a ‘live/work’ unit, buyers are encouraged to make their own enquiries on this matter.


Key Points

  • Excellent visible street frontage.
  • Bright and airy dual aspect ground floor.
  • Parking available.
  • Trendy – Live / Work unit.
  • Suitable for a range of future uses STP.
  • Attractive Capital Value @ £666/p/sq ft.
  • Location

    Brick Lane is a vibrant and diverse area in East London, known for its lively atmosphere, cultural diversity, and unique character. It has a rich history of immigration, with different waves of communities settling in the area over time, contributing to its unique mix of cultures and traditions. The street is famous for its street art, vintage shops, and eclectic food scene, featuring a range of international cuisines, including Bangladeshi, Indian, Turkish, and more. It's a popular destination for locals and tourists alike, offering a vibrant and inclusive experience for all.

    Brick Lane is well connected to the rest of London by public transport. There are several options for getting around, including buses, the London Underground, Overground trains, and the Docklands Light Railway (DLR). The nearest underground station to Brick Lane is Aldgate East, which is on the District and Hammersmith & City lines. Liverpool Street station, which is served by multiple Underground lines, as well as national rail services, is also within walking distance. There are also several bus routes that pass through or near Brick Lane, including the 8, 26, 35, 47, and 149. These provide connections to other parts of East London and the city center. In addition, the Overground line stops at nearby Shoreditch High Street and Whitechapel stations, providing connections to destinations across East and North London. The DLR also serves nearby stations such as Shadwell and Whitechapel, with links to Canary Wharf and the City of London. Overall, the transport links in the area are convenient and well-served, making it easy to get around and explore other parts of London.

    Terms

    RATEABLE VALUE: £9,200 / RATES PAYABLE: Nil.
    The property provides the following approximate Gross Internal Areas:
    Ground Floor Space – C.975 sq ft.
    LOCAL AUTHORITY: London Borough of Tower Hamlets.
    LEGAL COSTS: Each party is to pay their own legal costs.
    VIEWINGS: Strictly by appointment with Sole Agents Winkworth Commercial.
    PROPOSAL: A ‘Guide Price’ of £595,000 subject to contract, for the Leasehold interest.

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