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178 Mile End Road Whitechapel, London E1

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178 Mile End Road Whitechapel, London E1 174 –178 Mile End Road Whitechapel, London E1 Freehold for sale Mixed use refurbishment and development opportunity with planning consent 2 SUMMARY • Former military drill hall GIA 21,677 sq ft • Freehold for sale with vacant possession • Refurbishment and development opportunity • Consented commercial and residential scheme • Office NIA 15,533 sq ft / Residential GIA 5,275 sq ft / Cafe GIA 1,141 sq ft • Pending application for 3,142 sq ft of additional office space • Emerging eastern city fringe location • Diagonally opposite Stepney Green Underground Station (Hammersmith & City Line & District Line; Zone 2) • 300m from Whitechapel Station (Cambridge Heath Road entrance; Elizabeth Line/Crossrail Services) • Offers in excess of £8.25 million 3 LOCATION On the City’s edge, Whitechapel is one of The Drill Hall is located diagonally opposite The impending arrival of Crossrail has stimulated London’s foremost emerging residential and Stepney Green Underground Station in London’s ongoing development locally and has undoubtedly emerging eastern city fringe, a location that attracted residents, office occupiers and numerous commercial growth location. is undergoing major transformation through amenity operators to the area. substantial investment, development and improved transport infrastructure with the arrival of Crossrail at nearby Whitechapel in late 2018. Meath Gdns Poland Square BETHNAL GREEN Local Amenities & Local Occupiers 1 Whitechapel Gallery Weavers Fields Bethnal Green 2 The Royal London Hospital St. Matthew Garden Church Gdns 3 BMI London Independent Hospital 4 Anchor Retail Park Calton Sq (Asda, Currys/PC World, Halfords) BETHNAL Gdns 5 5 Queen Mary University SHOREDITCH GREEN HIGH STREET 6 Stepney Green Gardens & Park STEPNEY 7 Holiday Inn, Whitechapel GREEN Allen Gdns 8 QBIC London City Hotel 4 9 Genesis Cinema 9 13 E 10 Whitechapel Idea Store/Library T A G ROAD S E END 3 P Vallance Gdns WHITECHAPEL MIL Beaumont Sq O Local Developments H Gdns S I 10 B 11 Old Royal London Hospital Stepney Green (LBTH New Town Hall & Buildings) 11 17 Gdns LIVERPOOL 2 12 Life Science Campus STREET B 6 C R I O C 13 Dept W M K Stepney Green M L NEW ROAD 18 E A 14 Aldgate Tower RC N Park E IA 15 Cheviot House L S 12 T Whitehorse Rd 16 Cityside and Challenger House R 8 E 16 E 1 Park T 17 The Silk District Development Altab Ali Park ALDGATE EAST 18 Whitechapel Estate 20 15 Goodman’s Fields ALDGATE 7 19 14 COMMER CIAL ROAD 20 73-77 Commercial Road 19 4 LOCATION GALLERY 5 TRANSPORT As the City moves east, Whitechapel is set to become Within 6 minutes’ walk of the Drill Hall, Stepney Green Station is under 1 minute walk one of the most connected places in the capital by public the Elizabeth Line (Crossrail) will run from from the Drill Hall providing Hammersmith & City Maidenhead to Heathrow in the west, through Line and District Line Services, which is 3 Stops transport, with a significant rail and tube interchange at Central London to Shenfield and Abbey Wood in from Liverpool Street Station, an 8 minute journey Whitechapel station. the East. time. The new service will bring an additional 1.5 million Mile End Road also has superb connectivity people within 45 minutes commuting distance through the London bus network with 9 buses of London’s key business districts. Around 200 serving this main arterial route with direct bus million passengers will travel on the Elizabeth routes serving the City, Mid Town, North London Line each year and the route will provide a 10% and Oxford Circus. increase to rail capacity in the capital. Estimated train times from Whitechapel Station using the Elizabeth Line Liverpool Street – 2 mins Stratford – 5 mins Bond Street – 10 mins Paddington – 13 mins Heathrow – 36 mins MILE END ELIZABETH LINE (CROSSRAIL) HAMMERSMITH AND CITY DISTRICT ALDGATE CENTRAL EAST BOW ROAD STEPNEY GREEN CIRCLE READING SHENFIELD HAYES & HANWELL EALING PADDINGTON TOTTENHAM LIVERPOOL WHITECHAPEL STRATFORD MANOR HARLINGTON BROADWAY COURT ROAD STREET PARK SOUTHALL WEST EALING ACTON BOND STREET FARRINGDON MAIN LINE CANARY WHARF HEATHROW 6 WHITECHAPEL DEVELOPMENT Whitechapel has experienced tremendous growth over the The Whitechapel Vision Whitechapel last 10 years, with substantial further development and The future for Whitechapel is very bright. Whitechapel has become a popular and vibrant Whitechapel is set to become one of the most City Fringe location with a rapidly growing Crossrail services forthcoming, demand from occupiers is connected places in London by public transport. population. With a rich history in culture, the area set to dramatically increase further. was outside of the City Walls from the 16th to The local area is subject to the ‘Whitechapel 19th century and became a location for tanneries, Vision’ regeneration masterplan which was breweries and foundries which led to a large approved in 2014 and principally will see the increase in a destitute population. completion of a new leading Crossrail station, the redevelopment of the historic Old Royal London The area has been the subject of many an Hospital site into the civic hub of the borough English tale and during the Victorian era due to and the new Queen Mary University Med City Life the extreme differences in wealth between the Science campus. City residents and the Whitechapel population, a number of revolutionary movements were set up Extensive surrounding development is to include and Whitechapel was widely recognised as the 3,500 new homes, creating 5,000 new jobs, seven birthplace of modern philanthropy. new public squares, open spaces and a cycle superhighway. Development Pipeline In addition to the London Borough of Tower The development of the commercial buildings Hamlets committing to major development within within the area will include a redeveloped the local area, Whitechapel has significant pipeline Sainsbury’s site and a new rejuvenated retail developments from some of the UK’s leading destination along Whitechapel Road. By 2025 the investors and developers including Schroders, London Borough of Tower Hamlets has committed Great Portland Estates, The Berkeley Group, themselves to intensifying Whitechapel with ‘new London Newcastle, Regal Homes, Barratt Homes town centre uses, public spaces and activity and London & Quadrant. stretching across both sides of Whitechapel Road and beyond’. The local area is already home to the award winning David Adjaye designed Whitechapel Idea store which is London’s second busiest public Library with over 750,000 visitors a year with over 80% of attendees being from outside the local borough. 7 THE PROPERTY EXISTING The property comprises the front ‘Gatehouse’ The premises includes a rear ‘Drill Hall’ building building accessed on Mile End Road which arranged over ground and first floors comprising provides a number of offices and ancillary rooms a double height covered car park, an old rifle over ground and first floors with a separate shooting range and a hall / gymnasium with self-contained entrance to three residential units a large pitched roof. The car park is accessed arranged over second and third floors. via the under croft on Mile End Road with a secondary entrance via Hayfield Passage. Existing Schedule of Accommodation Floor Size (sq. ft.) Lower Ground GIA 364 Ground GIA 9,620 First GIA 8,479 Second GIA 1,918 Third GIA 1,296 TOTAL GIA 21,677 There is a first floor terrace (GIA 607 sq. ft.) and a ground floor service entrance (GIA 1,082 sq. ft.). The existing building has been measured in accordance with the Code of Measuring Practice 6th Edition by Sterling Temple. Existing floorplans available on request. 8 THE PROPERTY CONSENTED SCHEME The scheme has been designed by HUT option to provide a secondary entrance to the B1 The London Borough of Tower Hamlets has recently Architecture to provide unique characterful commercial building. granted planning consent for the conversion, workspace within the Drill Hall building with an refurbishment and extension of the existing property, to abundance of light through oversized glazing The new residential apartments which is a provide; 7 x C3 residential units, A3 café unit and B1 office and innovative lightwells. The B1 commercial conversion and extension of the front ‘Gatehouse’ accommodation has a new main access on building are fully independently of the commercial accommodation. Hayfield Passage. The proposed layout includes and have been designed to an excellent a cycle store, shower facilities and the ability to specification with good ceiling heights throughout. split the premises to create a number of office units or would make for an ideal single occupier Consent was granted on 01 March 2018 and the media-style HQ office building. The A3 café consented scheme can be found under planning has been created by transforming the current application number PA/17/03191. under croft and part ground floor and has the Consented Schedule of Accommodation Floor Use Size (sq. ft.) Ground Cafe GIA 1,141 TOTAL CAFE GIA 1,141 Ground Office NIA 5,899 First Office NIA 5,393 Second Office NIA 4,241 TOTAL OFFICE NIA 15,533 First Residential (2 bed) – Flat 1A GIA 743 First Residential (2 bed) – Flat 1B GIA 700 Second Residential (2 bed) – Flat 2A GIA 743 Second Residential (2 bed) – Flat 2B GIA 721 Third Residential (3 bed) – Flat 3A GIA 829 Third Residential (1 bed) – Flat 3B GIA 592 Fourth Residential (3 bed) – Flat 4 (Penthouse) GIA 947 TOTAL RESIDENTIAL GIA 5,275 Consented floorplans available on request. 9 THE PROPERTY POTENTIAL SCHEME The vendor is currently seeking to increase the If consented, the net internal floor area will net internal floor area. This will be achieved by increase by 3,142 sq ft. way of architecturally designed mezzanine floors at ground floor level which will also improve the The pending planning application can be found quality of the the office accommodation.
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