Price £ 840,000
Reference 36904
Address Albion Yard, Whitechapel Road, London, E1 1BW
(Map Location)
Beds 2
Baths 1
Type Maisonette
Tenure Leasehold
Built Area 1120 m2

RENTAL INVESTMENT £28.6K P/A - Property of character in a landmark building - Approx. 1,120 sq. ft. - Has been used as live/work in the past - Strong short term let potential

Description

The Clock Tower is a two bed maisonette in an impressive former commercial building dating from 1868.

The property has retained certain key features that, together with a sensitive conversion, have created a living space sympathetic to both residential and industrial influences.

Whitechapel is a vibrant, cosmopolitan, rapidly developing part of the capital. It is dominated by it's proximity to Shoreditch, Spitalfields and The City of London.

Set around a tranquil courtyard, standing back from Whitechapel Road, Albion Yard is one of the area's hidden gems. It features heavily on local architecture tours.

The courtyard is well planted and leads to a large entrance foyer. Communal parts are recently refurbished and well maintained. There are large stained glass windows to the stairs that lead to the first floor entrance .

The Clock Tower comprises the following:

ENTRANCE with storage space and W.C.

KITCHEN/DINER 16'4 by 13'9 (4.97m by 4.18m)

A great entertaining and cooking space. High vaulted ceiling with original steel girders. Natural slate worktops. Ceramic Miele hob, large gas ring, indoor grill and two extractor fans. Built in seating with storage below. Large galleried storage of approximately 3m by 3m and 1m high.

RECEPTION ROOM of 16'0 by 15'5 (4.87m by 4.69m)

Very large original Victorian window (south facing) to the courtyard. Lets in copious amounts of light. Built in feature sofa/chaise longue. Under stair storage.

SECOND ENTRANCE - utilised as a client entrance by previous owner for his acupuncture business.

OFFICE/BEDROOM ONE 10'7 by 9'7 (3.22m by 2.91m)

A quiet, tranquil room to the rear of Albion Yard. Antique cedar parquet flooring, roof top views.

SECOND W.C.

BATHROOM

Art deco in style with polished granite surrounds. Extra deep bath and shower cubicle. Views to City.

CHANGING ROOM 11'5 by 9'4 (3.84m by 2.84m)

BEDROOM TWO 11'5 by 9'5 (3.48m by 2.87m)

Bright and airy with high ceilings. Encased clock face, window to rear and Velux window. Views to north London. Large industrial storage shelf/platform.

Apart from the courtyard, there is also a large communal roof garden with amazing views. It is the venue for many communal BBQ's, birthdays etc. New Years Eve on the roof is very popular.

Albion Yard is a thriving community of forty eight apartments. We are an eclectic mix and the building is home to artists, doctors, lawyers, creatives, finance workers and chefs to mention just a few. There is a wide range of ages. Albion Yard is a remarkably friendly, neighbourly block and many have been here since it was converted in 1995.

Regular meetings of the Leaseholders Right to Manage Committee are held in the foyer. Anyone who is keen to be involved can apply to be a director. Meetings are well attended by leaseholders and renters alike.

Service charges and IRO £1,700 per annum and the ground rent is £150 p/a. Major exterior and interior works were recently carried out. The lease is I.R.O. 100 years.

Plans underway in the immediate area include seven new public squares and spaces with new streets and public routes. The Town Hall is moving to the historic part of the old Royal London Hospital building.

Albion Yard will be gaining a new rear entrance, with tall walls and large gates in scale with the block, fronting onto a pedestrianised piazza with a secondary Crossrail entrance.


Features

  • RENTAL INVESTMENT CURRENTLY LET AT £28.6K PER ANNUM
  • GOOD SHORT TERM LETTING POTENTIAL
  • CLOSE TO STATION - ON CROSSRAIL CENTRAL BRANCH ROUTE
  • HAS BEEN USED AS LIVE/WORK
  • WALK TO THE CITY, SPITALFIELDS & SHOREDITCH
  • TWO BED MAISONETTE WITH PERIOD FEATURES
  • LANDMARK MID VICTORIAN BUILDING
  • TRANQUIL COURTYARD SETTING
  • COMMUNAL ROOF GARDEN
  • LOCAL MARKET & SUPERMARKET

Map Location