Freehold Central London Mixed Use Parade with Development Potential
Substantial unbroken mixed use parade
Approx. floor area of 352.40 sq m (3,793 sq ft) with land to the rear
Future development potential (subject to consents)
Approx. site area of 0.044 Ha (0.109 Acres)
Prominent Central London location close to Commercial Road (A13)
1 mile east of Aldgate
Nearby occupiers include Iceland, Tesco Express McDonald's, Holiday Inn and Sainsbury's
VAT Free Investment
Lot 4
Auction 17th September 2026
Rent £108,500 per Annum Exclusive
Status Available
Guide* £1,300,000
Sector Central London, Mixed Use, Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
0.5 miles east of the City of London
Roads
A11, A10, A13
Rail
Whitechapel Underground (Elizabeth, District, Hammersmith & City Lines) and Overground
Air
London City Airport
Situation
Whitechapel is a vibrant commercial and residential suburb located immediately 1 mile to the east of the City of London. The property is situated on Cavell Street, at its junction with Nelson Street, with Cavell Street leading directly onto Commercial Road, which forms part of the A13 trunk road running from the City of London. The property also lies close to Whitechapel Underground and Overground Station, which provides Elizabeth Line, District, Hammersmith & City and London Overground services. The property is situated opposite the Holiday Inn Whitechapel, with nearby occupiers including Iceland, Tesco Express McDonald's and Sainsbury's.
Tenure
Freehold.
Location
Miles
0.5 miles east of the City of London
Roads
A11, A10, A13
Rail
Whitechapel Underground (Elizabeth, District, Hammersmith & City Lines) and Overground
Air
London City Airport
Situation
Whitechapel is a vibrant commercial and residential suburb located immediately 1 mile to the east of the City of London. The property is situated on Cavell Street, at its junction with Nelson Street, with Cavell Street leading directly onto Commercial Road, which forms part of the A13 trunk road running from the City of London. The property also lies close to Whitechapel Underground and Overground Station, which provides Elizabeth Line, District, Hammersmith & City and London Overground services. The property is situated opposite the Holiday Inn Whitechapel, with nearby occupiers including Iceland, Tesco Express McDonald's and Sainsbury's.
Tenure
Freehold.
Description
The property comprises an unbroken mixed use parade arranged over ground, first and basement floors, providing four shops with ancillary/office accommodation on the first floors. The property benefits from land to the rear providing approximately 4 car parking spaces.
The site may be suitable for development subject to obtaining the necessary consents.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an unbroken mixed use parade arranged over ground, first and basement floors, providing four shops with ancillary/office accommodation on the first floors. The property benefits from land to the rear providing approximately 4 car parking spaces.
The site may be suitable for development subject to obtaining the necessary consents.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Address
Floor
Use
Floor Areas sq m
Floor Areas sq ft
Tenant
Term
Rent p.a.x.
Rent Review
16 Cavell Street
Ground First
Office Office
42.30 28.40
(455) (306)
INDIVIDUAL t/a Home Trader
3 years from 12/11/2025 (1)
£25,500
-
18 Cavell Street
Ground First & 1 car parking space
Retail Office
24.90 47.70
(268) (513)
INDIVIDUAL t/a Maudud Law Chambers Solicitors (Ground floor sublet to tenant trading as Oymoy convenience store) (2)
20 years from 01/04/2008
£18,000
-
20 Cavell Street
Ground Basement
Retail Ancillary
37.00 48.30
(398) (520)
AL MAMUN & ASSOCIATES PVT LIMITED with a personal guarantee
12 years from 20/11/2024 (3)
£25,000
20/11/2029 20/11/2034
88a 20a
Ground First & Car Park
Office Ancillary
41.50 82.30
(447) (886)
INDIVIDUAL
5 years from 12/02/2026 (4)
£40,000 (5)
-
Total approximate floor area
352.40
(3,793)
£108,500
(1) The lease provides for a mutual break clause which may be exercised by either party on twelve months' written notice at any time during the term. The lease is outside of the security of the tenure provisions of the Landlord & Tenant Act 1954. (2) The property is let in its entirety to an Individual trading as Maudud Law Chambers Solicitors at a current rent of £18,000 per annum. The ground floor is underlet to a tenant trading as Oymoy Convenience Store at a current rent of £30,000 per annum and the first floor is occupied by Maudud Law Chambers Solicitors. (3) The lease provides a landlord only rolling option to determine the lease at any time from 20/11/2029, subject to 6 months written notice. A rent deposit of £6,250 is held by the landlord. The lease is outside of the security of the tenure provisions of the Landlord & Tenant Act 1954. (4) The lease provides a landlord only option to determine the lease at any time from 12/02/2028, subject to 6 months written notice. A rent deposit of £10,000 is held by the Landlord. The lease is outside of the security of the tenure provisions of the Landlord & Tenant Act 1954. (5) The lease provides for a reduced rent of £36,666 per annum for the first 12 months of the term, after which the rent increases to £40,000 per annum. N.B. The above floor areas have been provided by the vendor.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
