A self-contained commercial business centre investment with asset management and future redevelopment potential

EXECUTIVE SUMMARY …
■ A Prime East London commercial serviced business centre investment.
■ Bromley Hall and Redbox (43 & 44 Gillender Street) are owned freehold.
■ Old Poplar Library (45 Gillender Street) is held on a long lease for a term of 125 years from 26 July 2001.
■ The entirety of the properties is used as Use Class E serviced offices.
■ Bromley Hall is a Grade II* Listed property, being London’s oldest brick house. Old Poplar Library is Grade II Listed and is an impressive building with stone features and fascinating interiors.
■ Red Box is a contemporary scheme comprising converted shipping containers and are home to the property’s main reception and meeting rooms.
■ Current lettable accommodation of 43 office suites throughout the three properties.
■ Full planning permission was granted in 2019 for partial demolition of the site and provision of 22 residential units and 587 sq m / 6,300 sq ft of Class E office accommodation.
■ Interim asset management opportunities to improve accommodation, let voids and to drive rents upward.