Summary - 21, WHELER STREET E1 6NR
1 bed 1 bath House
Versatile open-plan live-work unit near Shoreditch High Street for investors and creators.
- Approximately 800 sq ft GIA: mainly open-plan with mezzanine
- Ground-floor live-work unit; previously used as an office
- Long leasehold: 125 years from 25.3.2001; ground rent rises to £1,200 pa
- Rateable value £11,000 (commercial assessment); business rates implications
- Energy rating D (valid to June 2028); underfloor heating, mains gas boiler
- No private outdoor space; small plot with urban street frontage
- Area records very high crime levels; buyers should assess security
- VAT may be payable on purchase; check tax and planning implications
Set on a prominent corner in Shoreditch, this ground-floor live-work unit offers about 800 sq ft of mainly open-plan space with a mezzanine. Its location close to Shoreditch High Street, Commercial Street and well-known local operators makes it well suited to a buy-to-let, small business base or a purchaser seeking central Shoreditch convenience. The unit has been used as an office in recent years and retains a commercial rates assessment alongside a council tax bill.
Practical features include a shower room, separate WC and a kitchen, double glazing and underfloor heating served by a gas boiler. The property is long-leasehold (125 years from 25.3.2001) with an energy performance rating of D (valid to June 2028). The floorplate and open-plan layout give straightforward potential for conversion or reconfiguration subject to planning and VAT considerations.
Material considerations: the unit currently has a commercial rateable value (RV £11,000) and may attract business rates rather than full residential relief; VAT may be payable on the purchase. Ground rent starts at £200 pa and steps up to £1,200 pa; tenure details and service/maintenance arrangements should be checked. The immediate area has very high recorded crime levels, and the property has no private outdoor space.
For a buyer who values central Shoreditch positioning and flexibility of use, this property provides a compact, well-located base with clear scope for refurbishment or continued rental as a commercial/leisure/creative workspace. Confirming planning and VAT status and obtaining up-to-date internal condition reports will be important next steps.
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