Fabian House, Cannon Street Road
£4,150,000
Property Description
DESCRIPTION
We are instructed to sell Fabian House, a substantial freehold investment arranged over ground and upper floors on a single land registration title. The property totals 12,735 sq ft (GIA) and comprises two well-positioned retail units at ground level with nine modern two-bedroom apartments arranged above.
Income Profile:
Retail Units (2): Both let and producing £30,000 per annum each (£60,000 combined).
Apartments (9 x 2-Bed): Generating a combined £258,000 per annum.
Total Current Income: £318,000 per annum.
Guide Price: £4,150,000 – £4,500,000, reflecting a blended net initial yield of 7% – 7.6%.
Property & Tenancy
Total Gross Internal Area: 12,735 sq ft.
The apartments are finished to a good modern standard, appealing to the buoyant rental market in this part of East London.
The retail units provide steady income and are well placed to benefit from heavy local footfall.
Single freehold title providing management simplicity for investors.
Location & Context
Cannon Street Road runs through the heart of East London’s E1 district, just south of Whitechapel and moments from Aldgate, Tower Hill and the City of London. The area has experienced transformational growth over the past decade, with significant residential and commercial developments driving sustained demand from both tenants and investors.
Transport: The property is within walking distance of Whitechapel Station (Crossrail/Elizabeth Line, Overground, District, and Hammersmith & City Lines) and Aldgate East Underground Station (District and Hammersmith & City Lines). Liverpool Street, the City, and Canary Wharf are all within a 10–15 minute journey.
Regeneration: Whitechapel is a key beneficiary of the Elizabeth Line, which has accelerated rental and capital value growth across the area. The Royal London Hospital redevelopment and Whitechapel Vision Masterplan (aiming to deliver over 3,500 new homes, 5,000 jobs, and new public spaces) further enhance the long-term investment outlook.
Demographics: Tower Hamlets is one of London’s fastest-growing boroughs, with population growth of over 20% in the past decade and a median age of just 31 years (ONS), ensuring deep and sustained rental demand.
Historic & Cultural Setting
Cannon Street Road lies at the intersection of some of London’s most historically rich districts:
Once home to London’s maritime trades, the area retains its diverse character while being minutes from the financial core of the City.
Nearby Whitechapel High Street has a long-standing reputation as one of East London’s most important commercial streets.
The property sits within walking distance of the Royal Mint, Tower Bridge, and the Whitechapel Gallery, offering a blend of historic and cultural appeal that underpins the area’s desirability.
Investment Case
Fully income-producing mixed-use freehold on one title.
Attractive 7%–7.6% blended yield, highly competitive for Zone 1/2 London.
Benefit from long-term growth driven by Whitechapel regeneration and Crossrail.
Steady retail income alongside resilient residential rental demand.
Prime East London location just minutes from the City and Canary Wharf.
These particulars have been prepared in good faith to give a fair overall view of the property; they do not constitute an offer and will not form part of any contract. We make no representation about the conditions of the property nor that any services or appliances are in good working order; this should be checked by your surveyor. Furthermore, you should not assume that any items or features referred to in these particulars or shown in the photographs are included in the sale price. Your solicitor should check this as part of the normal conveyancing process.