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17-19 Umberston St
London E1 1PY
Retail Property For Sale · 1,648 SF
Investment Highlights
- The property is located in the heart of Whitechapel on Umberston Street
- The area benefits from excellent transport links
- There are multiple bus routes, including night buses, along Commercial Road
- It is surrounded by Commercial Road (A13) to the north and The Highway (A1203) to the south
- Shadwell London Overground Station just 750m away
Executive Summary
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.
PROPERTY FACTS
| Unit Size | 1,648 SF | Building Class | B |
| No. Units | 1 | Floors | 2 |
| Total Building Size | 1,648 SF | Typical Floor Size | 824 SF |
| Property Type | Retail (Condo) | Year Built | 2018 |
| Sale Type | Investment | Tenancy | Single |
| Unit Size | 1,648 SF |
| No. Units | 1 |
| Total Building Size | 1,648 SF |
| Property Type | Retail (Condo) |
| Sale Type | Investment |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 824 SF |
| Year Built | 2018 |
| Tenancy | Single |
1 Unit Available
Unit 17-19
| Unit Size | 1,648 SF | Tenure | Freehold |
| Condo Use | Retail | Cap Rate | 8.22% |
| Sale Type | Investment | NOI | $37,888.35 |
| Unit Size | 1,648 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 8.22% |
| NOI | $37,888.35 |
Description
Comprises ground floor retail premises with ancillary accommodation at basement, providing the following accommodation and dimensions:
Ground Floor: 57.50 sq m (620 sq ft)
Open plan retail
Basement: 95.50 sq m (1,028 sq ft)
Ancillary, Storage
Sale Notes
Purchase of freehold investment for £390,000.
The property is at present let to ASE Textile Limited (with personal guarantee) for a term of 10 years from 7th April 2022 at a current rent of £30,000 p.a. and the lease contains full repairing and insuring covenants. Open market rent review in April 2025, 2028 and 2031. No breaks. Deposit held of £7,500.
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