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Freehold investment in paddington

3 Flats + commercial unit

Walking distance to Hyde park

Close to Paddington and Edgware Road station

Ideal location

Clarke and lloyds property consultants are proud to offer this fantastic opportunity to acquire a mix commercial and residential property located moments away from Paddington and Edgware road station.

Located on the popular Praed street, the property offers decent size accomodation throughout. The ground floor and basement consists of smart commercial unit which is currently used as retail unit. The upper parts consists of 2 x 1 bed flats and 1 x 1 studio flat on the top floor. The break down of the income is as below:

Ground Floor & Lower Ground Floor - Commercial Unit - Floor Area 652 Sq.ft / 60.5 Sq.M - Current Rent £23,000.00 per annum
First Floor - 1 Bed Flat - Floor Area 298 Sq.ft / 27.7 Sq.M - Current Rent £1,300 per month / £15,600.00 per annum
Second Floor - 1 Bed Flat - Floor Area 298 Sq.ft / 27.7 Sq.M - Current Rent £1,300 per month / £15,600.00 per annum
Third Floor - Studio Flat - Floor Area 299 Sq.ft /27.8 Sq.M - Current Rent £1,250 per month / £15,000.00 per annumm

Total Rent: £69,200 per annum

Local ammenities includes a wide range of cafes, extensive shops, bars and restaurants of Edgware Road and Praed Street. Closest stations are Paddington and Edgware Road providing swift access to all over london. The famous Hyde Park is located just a short walk away. Please call now to arrange a viewing.

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Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.