Former public toilet in east London on sale for £1m

A former underground public toilet in east London is on sale for £1m ($1.43m). The venue located in Spitalfields is being marketed by real estate agent Clarke and Lloyds Property Consultants as a "charming and quirky" venue for a potential restaurant or bar.

The property is just 600sq ft in floor size, which is equivalent to a new one-bedroom apartment in the capital.

"Formerly a public toilet, the site was redeveloped into commercial unit over 15 years ago and being used as Bar/Restaurant. The premises comprises of Lower ground floor unit occupying approximately 600 sq.ft and from private outside seating area of approximately 435 sq.ft," Clarke and Lloyds said.

"The charming and quirky premises is ideal for a number of different venues including Bars, Restaurant, Nightclub etc," it said.

Located in front of Hawksmoor Church and opposite Spitalfield market, the former convenience is also within walking distance of both Shoreditch and Aldgate. Back in the 2000s, the toilet was redeveloped into a nightclub called Public Life until it shut its doors in 2012.

The property has been unused after it was shut down by the Tower Hamlets Council following numerous complaints about drug use, anti-social elements and licensing issues, according to The Independent.

The £1m asking price is more than three times higher than the venue's value in 2000, according The Guardian.