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1 Cheshire Street, Shoreditch, London, E2 6ED

£1,650,000

£925.41 per sq ft

Business rates & charges may apply

WINKWORTH DEVELOPMENT AND COMMERCIAL INVESTMENT LIMITED, London
SIZE AVAILABLE

1,783 sq ft

166 sq m

SECTOR

Mixed use property for sale

Key features

  • Excellent visible street frontage.
  • Bright and airy 4-bedroom flat.
  • Unmodernised basement floor.
  • Extremely desirable ground floor retail.
  • Potential for reconfiguration (STPP).
  • Retail Income currently £20,160 p.a.

Description

Description
1 Cheshire Street offers a highly unique and rarely available opportunity to acquire an unbroken freehold on the junction with Brick Lane. The subject property is arranged across five levels and consists of a 4-bedroom, triplex flat, a supremely positioned ground level Retail; and an unmodernised basement. There is currently a tenant in the ground floor who has become a renowned vintage clothing hotspot. The upper floors and basement will be provided with vacant possession on completion of the necessary legal formalities.

There is notable scope for a reconfiguration/renovation of the upper floors and for an increase in the income of the ground level (subject to negotiation) – further details are available on request.

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 (including the appearance of a Banksy artwork opposite this property), 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 stations to Brick Lane are Shoreditch High Street (Overground) Aldgate East (District and Hammersmith & City) and Liverpool Street station, which is served by multiple Underground lines, as well as national rail services. 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, The City, Islington & further through to the West End.

Terms
Rateable Payable: £11,750.

Tenure: Freehold.

VAT: Not Applicable.

Local Authority: London Borough of Tower Hamlets.

Legal Costs: Each party is to pay their own legal costs.

Viewings: Strictly by appointment with Agents Winkworth Developments & Investments.

Proposal: A ‘Guide Price’ of £1,650,000 subject to contract, for the Freehold interest.

Brochures

1 Cheshire Street, Shoreditch, London, E2 6ED

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Shoreditch High Street Station0.2 miles
  • Bethnal Green (Mainline) Station0.5 miles
  • Whitechapel Station0.5 miles

About WINKWORTH DEVELOPMENT AND COMMERCIAL INVESTMENT LIMITED, London

2nd Floor, 13 Charles II Street, SW1Y 4QU

Notes

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Disclaimer - Property reference 228716-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by WINKWORTH DEVELOPMENT AND COMMERCIAL INVESTMENT LIMITED, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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