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13-20 Settles Street, Whitechapel, London, E1 - Sold

  • Tenure: For Sale

  • Freehold
  • A distinctive 1930s neo-Georgian property within the Whitechapel vision area
  • Excellent transport connectivity being approximately 500m from Whitechapel and Aldgate East Underground stations
  • The existing building comprises a net internal area of 17,107 sq ft (1,589 sq m) of office and ancillary accommodation arranged over lower ground, ground and one upper floor
  • Single let on an FRI lease to Trillium for Department of Work and Pensions at a rent of £150,000 per annum, expiring 1st April 2018
  • The building has planning consent for a comprehensive refurbishment and addition of 3 further floors, with a proposed net internal area of 22,682 sq ft (2,107 sq m), and a change of planning use from A2 to B1 (offices)
  • Offers are invited in excess of £7,000,000, subject to contract and exclusive of VAT
  • A purchase at the level reflects a low capital value of £409 per sq ft on the existing accommodation and £308 per sq ft on the consented scheme 

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