17-19 Umberston St 1,648 sq ft Retail Unit Offered at £375,000 in London E1 1PY

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)

Location:
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,

Investment Consideration:
Vacant possession
ERV: £39,000 p.a. GIY: 10.40%
VAT is NOT applicable to this property
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.

Tenancy:
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.