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The Philpot Street Terrace, Whitechapel

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The Philpot Street Terrace, Whitechapel The Philpot Street Terrace, Whitechapel A refurbishment and investment opportunity within moments of Whitechapel Overground, Underground and Crossrail Stations close to the Royal London Hospital, Whitechapel, London E1 Philpot Street Terrace Investment Summary • Located close to Whitechapel Overground, Underground and Crossrail station. • Freehold interest in an attractive terrace of Listed buildings near to The Royal London Hospital bounded by Philpot Street, Newark Street and Heron Tower Tower 42 Ashfield Street, London E1. 30 St Mary Axe • A mix of vacant and tenanted office, residential and Liverpool Street Underground, Overground and Crossrail medical accommodation. • Current rental income of £92,400 per annum approximately. • A number of imminent lease expiries in respect of Spitalfields Shoreditch commercial lettings with assured short hold Aldgate East Brick Lane tenancies on the residential elements. • An attractive terrace of properties adjacent to a major refurbishment and redevelopment site immediately to the south, recently purchased from the same vendor, Barts and the London Charity. • An opportunity for refurbishment of the existing residential units, and scope for conversion of office buildings back to residential use (subject to necessary consents). • Offers sought for the freehold interest held by Barts and the London Charity (BtLC). Whitechapel Underground, Overground and Crossrail O2 Canary Wharf Philpot Street Terrace Whitechapel Overground, Royal London Hospital Underground and Crossrail Philpot Street Terrace Royal London Hospital Philpot Street Terrace 1 Philpot Street Terrace Location The Philpot Street Terrace site is an interesting mixed Shoreditch use opportunity immediately to the south of the Royal London Hospital and within minutes walk of Whitechapel Underground and within minutes walk of Aldgate Underground (District, and Hammersmith Liverpool Street and City), Overground and future Crossrail Stations. Station Shadwell DLR/Overground station is also nearby to Whitechapel Station the south. This neighbourhood reflects a blend of different influences. Being within a short distance of the City and also close to Shoreditch with its TMT sector influence and lively nightlife and café scene. Aldgate & Aldgate Whitechapel will be recognised as a strategically East Station convenient location being one Crossrail stop from Liverpool Street and minutes from Canary Wharf. Whitechapel has access to the District and the Shoreditch Shadwell Station Hammersmith and City Lines, and Overground trains running from Crystal Palace/West Croydon in the South to connect with Watford in the North. The locality surrounding the site is a mix of educational and research and hospital support uses Spitalfields Whitechapel Market underpinned by a thriving local multicultural ad l Ro ape community. On Whitechapel Road the long Broadgate itech Wh Royal London established street market provides local colour and B Hospital ri Liverpool c Co k Street L amenity to an area burgeoning with new activity. m a n te m a e N g e s r e Philpot Street c w ia hop l R Terrace S s o i t Whitechapel r a B e Visitors to the property will be struck by the sense of d e Gallery t a changing area with distinct character. Aldgate Commercia L l Road East e n Aldgate ma n S tr e e t C a n n o n S t r e e t R Overground o a Fenchurch Street Underground d Shadwell DLR Rail Tower Tower Hill Gateway Crossrail Philpot Street Terrace 2 Philpot Street Terrace Communications Underground/Overground The Philpot Street Terrace site is readily accessible to the rail and underground networks with the following stations all being within close proximity Bus Numerous bus routes operate along Whitechapel Road and Commercial Road providing convenient access to the local area, including the City to the West and Canary Wharf and Stratford to the east. Bike Public bicycle docking stations are located at: Royal London Hospital, Whitechapel Philpot Street, Whitechapel Road The A10 is in close proximity, providing access to the north, and also to the M25. International Eurostar – Frequent daily high speed rail services to the European continent operate daily from London St Pancras, immediately accessible via Overground links from Whitechapel, and in the future via Crossrail. Air The following London airports are readily accessible from the site. London City Heathrow Luton Stansted Southend Copyright Eurostar™ Ltd Philpot Street Terrace 3 Philpot Street Terrace Crossrail, a driver for change Whitechapel will be a major beneficiary from Crossrail. When complete in 2018 it will be transformed as a destination. The new Whitechapel Crossrail station will use the existing Whitechapel Road entrance to the Whitechapel London underground and London Overground station. A shared concourse, ticket hall and station operations room will lead to a fully integrated station that provides an easy step free interchange between Crossrail, Hammersmith and City, District and Overground lines. At peak times there will be 24 Crossrail trains per Step-free access from platform to street hour in each direction – in addition to the existing and for interchange platform to platform Station which requires use of steps or escalators London underground and London overground Step-free access in direction of arrow only services. This will support the economic growth in Surface line the surrounding area, and Whitechapel will become Tunnel an important interchange due to its position at the Copyright Crossrail Limited Portal (tunnel entrance and exit) eastern extremity of the central section of the Crossrail route. Journey times to Heathrow airport will be only 39 minutes, whilst Whitechapel to Canary Wharf will be reduced to just 3 minutes. Links to Eurostar via Stratford are similarly rapid. The new Whitechapel Crossrail station. Images copyright Crossrail Limited Copyright Crossrail Limited Philpot Street Terrace 4 Philpot Street Terrace Bank 208 Court 208 271 273 Underground a 59 265 MAPLES 57 Street PH 273 212 267 Description 261 51 12.3m to 263 Railway Whitechapel PLACE 49 259 CR 42 1 40 to 43 2 5 38 9 to 253 Mission 41 OS Site Plan 10 249 EAST 39 176 24 The Philpot Street Terrace contains a mix of residential, 245 251 ROAD to 10 37 247 D Fn TCB MOUNT COURT 243 PH 3 2 4 WHITECHAPEL Post Office office and medical uses. The premises are located in STREET TCB Cycle Hire ST 235 Station 1 2 PCs 24 233 London Borough of Tower Hamlets and comprise eight 227 1:1250 @ A2 223 229 12.5m ROW 225 distinct Grade II Listed properties creating an attractive RAVEN facade on the western side of Philpot Street. Railway Underground At this point Philpot Street is pedestrianised and 12.8m Hospital 12.6m (Whitechapel) London landscaped – a feature which may be expected to be The enhanced in any redevelopment proposals for the site immediately to the south. Stores 100 to MILWARD 136 STREET CAVELL Ayasofia Primary School The Royal The Royal STREET SM London Hospital London Hospital SM School 85 and 11.7m of Dentistry 12.2m Medicine STEPNEY WAY 58 12.6m 54 84 to John Smith Children's Centre 96 12.9m WAY STEPNEY 70 TURNER to Institute 82 Philpot (London 61 to 73 STREET Pathology of Street Hospital) NEWARK Fielden STREET PH 87 School of Medicine and 86 HALCROW Dentistry 8 12 House Gwynne to 1 80 1 to 12.8m 60 STREET House 21 Hostel Hospital) STREET Students(London NEWARK 31 Pathology & Pharmacy 29 4 56 69 42 33 to Philpot to 32 30 89 36 60 12.9m Vic Floyer Street 30 House FORD SQUARE Philpot Street 1 to 10 Philpot Street ASHFIELD STREET 28 11.8m Court 12.6m 26 Elan Terrace Terrace 84a 81 64 27 82a 28 12.0m 82 STREET 80 ASHFIELD 56 to 76 57 43 12.6m FORD 26 39 Hospital) 80a Ford Square St Laboratories(London SQUARE School 37 and Research 25 to Bartholomew Midwifery 55 of Playground 48 46 Philpot Garage Nursing The Blizard 22 10.8m 53 Horace Evans 51 Building 26 Street 67 House 21 1 16 49 to to El Sub Sta 6 20 45 11.9m FORD SQUARE 51 10 FORD SQUARE Wilton 15 to 43 Nurses' 16 The Blizard Alexander 19 Clare Home House 33 Court Building 1 STREET to 1 School of Medicine 54 WALDEN to John Harrison 14 and Dentistry 9 House Dawson House 71 5 Nurses' Homes School 38 Porchester 22 London 28 25 House STREET to 45 36 34 8 WALDEN Islamic 18 16 70 to 49 24 10 Zeki Henry Kent 1 Hubert House Zoar to a 12 2 Brierley House 12.8m Ashton House 47 52 House House 1 Chapel Silvester 17 47 DAMIEN 6 28 22 Joscoyne 45 House 11 26 31 STREET STREET VARDEN 20 33 11.7m Ps to 1 39 25 1 Cameron 19 6 to El 7 30 5 15 Sub 5 Ps 10 Dickson CAVELL 3 TURNER Place 20 16 Sta House 37 1 Damien 31 54 72 Mellish to to House 12 Bridgen STREET STREET 18 1 to 25 House 10 12 Court 30 Greenwich PHILPOT 2 1 49 to 1 to 15 1 Houseto Turner 4 43 17 1 to 25 Ct 35 33 19 31 STREET Tylney House 12.9m 17 STREET 11.9m 19 NELSON Philpot Street Terrace 5 17 10 52 87 22 3 12.8m to 42 60 to 56 NELSON 18 London Philson 64 STREET 1 East 95 22 to 26 Central 16 62a 74 to 11.7m 1 68 to Posts 18 Synagogue Mansions 82 12 80 11.6m 1 17 11 to PO Peter Best 20 to 12 to 11 9 House 1 LB 88a 1 to 16 2 Burnham 7 225a Thorpe 1 to 18 Whitechapel I Development Plan Court Sarah House Cheviot House 10 (Council 161 165 201 to 217 Offices) 2 177 187 191 Stephan Reinke Architects Limited 153 to 157 159 163 167 169 175 179 181 185 189 193 195 197 www.scrarchitects.com TCBs 219 to 225 227 to 233 235 235a 255 2 Boro Const & Ward Bdy 249 257 12.9m TCBs 259 12.0m COMMERCIAL ROAD Peter 12.8m CR TCBs 269 House 275 Philpot Street Terrace Tenure The properties are held freehold.
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