174—178 Mile End Road London E1 Freehold Mixed Use Refurbishment / Development Opportunity for Sale in Whitechapel 01 INVESTMENT SUMMARY - Freehold. - The opportunity exists to significantly - The property is located opposite Stepney enhance value through refurbishment, Green Underground Station and 300m from redevelopment, change of use and the new Whitechapel Elizabeth Line additional massing, subject to the necessary (Crossrail) station entrance. consents. - An attractive former Victorian gatehouse - Waugh Thistleton Architects have carried and a large rear warehouse providing out a block massing exercise which provides offices, 3 flats,a substantial gymnasium and a residential and commercial building a large covered car parking area. extending to 2,437.5 sq m (26,237 sq ft) NIA subject to obtaining the necessary - The total site area is 0.26 acres. consents. - The existing building provides 2,114.38 sq m - Low capital value of £296 psf on the (22,759 sq ft) GIA of accommodation existing GIA and £257 psf on the NIA of the arranged over ground and 3 upper floors indicative scheme. and a service yard. - Unconditional offers are sought in excess of - The property is currently let to £6,750,000 for the Freehold interest, Revisecatch Ltd (Owned by Royal Mail) subject to contract and exclusive of VAT. who occupy part of the ground floor and first floor as a courier service on a lease to expire 31st July 2017, outside the Act. The Drill Hall, 174—178 Mile End Road 02 Royal London Whitechapel Cambridge Heath Road BMI London Stepney Green Anchor Retail Park Hospital Station Elizabeth Line/Crossrail Independent Hospital Station Entrance The Drill Hall, 174—178 Mile End Road LOCATION Lorem ipsum The Drill Hall is located in East London opposite Stepney Green Underground Station thnal Green Road Be within a vibrant mixed use quarter experiencing substantial development. Now an C a mb Bethnal 03 upmarket residential location three stops from Central London, the area benefits from r i Gr d een g e numerous bars, restaurants and gastro pubs, new office schemes such as Department Heat W ilmo Co h h W, major residential redevelopment, student housing and one of London’s largest rfield rfield Ro t S S a t r ce d self-contained residential campus, the prestigious Queen Mary University with over ee S p tr t t t re ee 16,000 enrolled students. t R oa Bethnal Gr d een Gar We dens aver s The area is synonymous with the medical industry and the home to the Royal London Fields G l o ad Hospital, London’s largest hospital and the BMI Independent Hospital located 200 yards b t Ro ree e ft St o h R g ncr oa adlei ane H Three Colts L Ba to the south of the Drill House. The BMI is a private hospital specialising in 30 different d ce Pla Malcolm oad R Gr us nt Ban Ma a medical specialties, especially cardiac care. n t l cr e y o Bethnal St ft Road et r Cudworth Stre e Gr 174-178 Mile End Road is located approximately 5 minutes’ walk to the east of the een e e t u t en e re Av St rt am Barnsley be ngh Whitechapel Elizabeth Line (Crossrail) entrance on Cambridge Heath Road and St e re assi et ol M C Mile End C Ar o l approximately 2 minutes’ walk west of Stepney Green station. It’s situated in a l g Hospital i ng t yl e T e wo e ol r R l e o prominent position on the south side of Mile End Road near its junction with Hayfield o St et t st re a d t S d St s St ha re lmot ep i re C et Bartholme Passage. The building is located three miles to the East of the City of London within the et et W Ce ph as St w reet Gar dens London Borough of Tower Hamlets with a substantial frontage onto Mile End Road, C ep H e ad ad la Ro ha y m St r lderne e A s B e which links East London and the City. t r C A a C v d le Anchor e y v o n e o Retail Park S l u an p t e e r e d r The surrounding area is due to dramatically change with the opening of the Elizabeth s e ad W Cl t ay Ro o Stepney h s t e Line (Crossrail) in 2018. Further development plans include Tower Hamlets recent ea Gr D H een arlin g Row d Road consultation paper proposing c.£900M of investment into the area over the next Mile En idge r Elizabeth Line b am 15 years to revitalise Whitechapel Road with new offices, shops and homes funded by / C Cr ossr Genesis Cinema ail d t oad Roa a mix of grants and private finance. d ee ge R En tr assa ile S ard P M d Edw rwar Du Whit Road nd echapel ile E M H a H n a niba r t ad f Ro apel o ech Road l BMI L t rd Whi S St te ondon C Independent e S a p p tr ve ne n Hospital Adelina G e e S rove y ll y w R e idne o e Gr R d G t S m ven ans r tr R e ee Ra oad e ee y n n Royal L S t ondon Hospital t r ee t Road Lindley Street nson J en Jo am B a S ic mit a hy Stre S et tr ee t Step ney W ay Stepney Gr een Pa rk CGI OF DEPT W The Drill Hall, 174—178 Mile End Road 04 CONNECTIVITY & CROSSRAIL Nearby Tube Stations As the City moves east, Whitechapel is set to become one of the most connected places in the capital by public transport, with a Stepney Green Whitechapel Bethnal Green significant rail and tube interchange at Whitechapel station. 150 metres 900 metres 1,000 metres The Elizabeth Line (Formerly known as Crossrail) The Elizabeth Line (Crossrail) will run 118 km from Maidenhead and Heathrow in the west, through new twin-bore 21km tunnels under central London to Shenfield and Abbey Wood in the east. It will bring an additional 1.5 million people within 45 minutes commuting distance of London’s key business districts. Around 200 million passengers will travel on the Elizabeth Line each year and the route will provide a 10% increase to rail capacity in the capital. The new Whitechapel Elizabeth Line station will use the existing Whitechapel Road entrance to the London Underground and London Overground station, with a new separate entrance onto Cambridge Heath Road providing access to all lines and within a 5 minutes walk (350 yards) of The Drill Hall. The Elizabeth Line platforms will be in deep tunnels to the north of the existing station but they will all share a concourse, ticket hall, gateline and station operations room, leading to a fully New over-station development from Durward Street New secondary Elizabeth Line entrance at Cambridge Heath Road integrated station that provides an easy step-free interchange between the Elizabeth Line, Hammersmith and City, District and Overground lines. The Elizabeth Line Map Stratford 5 mins Reading Heathrow Bond Street Farringdon 63 mins 38 mins 10 mins 5 mins Whitechapel Slough Paddington Tottenham Liverpool 41 mins 13 mins Court Road Street 7 mins 2 mins Canary Wharf 3 mins The Drill Hall, 174—178 Mile End Road 05 WHITECHAPEL DEVELOPMENT Royal London Hospital Life Science Campus Culture Opposite Whitechapel station is the Grade II listed old Royal London Nearby is a proposed new life science campus to support health, bio Dept W is an iconic office and retail former department store currently Hospital site which was originally opened in 1757 and is now dwarfed by tech and life sciences research. The Whitechapel Vision aims to deliver undergoing refurbishment by Schroders Investment Management to the £1bn world class hospital facility that replaced it in 2012. The old over 3,500 new homes by 2025, generate 5,000 new jobs, create 7 new deliver a Buckley Grey Yeoman designed scheme. It sits adjacent to the building was recently purchased by Tower Hamlets Council to be the new public squares and a world class Life Science Campus at Queen Mary Genesis cinema complex which has been used for entertainment town hall. The site received planning in November 2015 for a £77M University London which operates 5 campuses centred around purposes since the mid 19th century. Charlie Chaplin and Laurel & Hardy makeover by AHMM architects and is due to be open in 2019. Whitechapel and has over 17,500 students. are both known to have performed here. The new Town Hall will be the central part of the Whitechapel The new Elizabeth Line entrance on Cambridge Heath Road will sit At 109 Mile End Road is one of Conde Nast’s boutique hotels of the year, Masterplan designed to manage the regeneration and redevelopment adjacent to the Sainsbury’s Superstore which within the Whitechapel 40 Winks (www.40winks.org). The hotel is a particular favourite for around Whitechapel Road and Cambridge Heath Road over the next 10 Vision will be re-developed to provide a larger store with new residential fashion folk and artists and hosts many fashion shoots. to 15 years. The Civic Hub regeneration of the old Royal London Hospital and community facilities.