Development in the heart of Algate - £9.5m

Proposed development is permitted for planning to erect a six-storey building with 59 residential units (27 one-bedroom, 23 two-bedroom, 8 three-bedroom and 1 four-bedroom) at ground to fifth floor level and educational use at basement level and part ground floor level.

It’s conveniently situated in the heart of Whitechapel close to the square mile, just south of Commercial Road and within 7 minutes walk to Algate East underground station giving access to the Hammersmith & City line.

Despite the emerging culture of trendy bars and night clubs the area also retains a traditional village feel with attractions such as Spitalfields Market thriving in this ever changing environment.

• A freehold opportunity in prime residential location
• Existing site is approximately 0.5 acres, presently occupied by an educational institution
• Net Internal Areas – 53,956 sqft in total
• Commercial – 14,854 sqft
• Residential – 39,102 sqft
• Ideal comparisons are Berkeley Development’s Goodman Fields development and Redrow’s 1 Commercial Street