8 bedroom Residential development for sale

Havilands are delighted to present a RARE FREEHOLD MIXED-USE DEVELOPMENT OPPORTUNITY on New Road, E1.

This substantial property comprises: Ground floor commercial unit (currently vacant, offering strong rental potential). Eight self-contained one-bedroom flats arranged across four floors (all sold with tenants in situ, offering immediate income). Basement area with scope for development. Significant potential for further expansion to the rear elevation (subject to planning permission).
A detailed floorplan is available, including layouts of the commercial unit and an example one-bedroom flat.

Rental & Income Overview
Commercial Unit: Currently vacant, with rental potential of £20,000 – £25,000 per annum.
Two Basements: Estimated potential rental income of £35,000 – £50,000 per annum, subject to development.
One-Bedroom Flats: Currently let at below-market rental values, presenting considerable scope to increase returns.
Flat Sizes
Number 11: 1st Floor – 36.4 sqm | 2nd Floor – 36.4 sqm | 3rd Floor – 40.6 sqm
Number 13: Ground Floor | Flat 1 – 35.3 sqm | Ground Floor Flat 2 – 34.2 sqm | 1st Floor – 40.7 sqm | 2nd Floor – 40.7 sqm | 3rd Floor – 45.2 sqm

Combined Current Annual Income: £133,380
Potential Annual Income: £208,380
Location Highlights
The property benefits from excellent transport links, just a short walk to:
Whitechapel Station (Zone 2) – providing Crossrail/Elizabeth Line access.
Aldgate East Station (Zone 1) – for District and Hammersmith & City Lines.

Within close proximity to:
Queen Mary University of London, Whitechapel Campus, Royal London Hospital, Bustling amenities along Commercial Road, Easy access to Liverpool Street, Moorgate, and Canary Wharf.
This is an exceptional investment opportunity offering a blend of immediate rental income and significant development potential in one of East London’s most dynamic growth areas.

EPC Details:
11 New Road (Commercial): Current 73(C)
11A New Road (Residential): Current 61(D); Potential 82(B)