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Location Floorplan
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Praed Street, London, W2

Offers in excess of £1,350,000 (Freehold)

Key features

  • Development opportunity
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  • Council Tax Band: F

Ref no: ALB250220

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A rare Freehold mixed-use development opportunity comprising a ground and basement retail unit, alongside three self-contained studio apartments.
An excellent opportunity to acquire a five-storey mixed-use property requiring refurbishment and offering significant potential for value enhancement.
The ground floor and basement comprise a café/retail space, which has been unused for several years and now presents a blank canvas for reconfiguration, modernisation, or alternative use (subject to the necessary consents).
The upper three floors consist of three self-contained studio apartments, each offering independent living accommodation. These units provide an attractive opportunity for refurbishment and rental income generation or resale upon improvement.
The property is offered to the market with full vacant possession, making it ideal for owner-occupiers, investors, or developers seeking a versatile asset in need of modernisation.

Location

The property is situated on Praed Street (W2), a vibrant and well-connected thoroughfare in the heart of Paddington. The area benefits from excellent transport links, with Paddington Station (Elizabeth Line, National Rail, Underground) just a short walk away, providing rapid access across London and beyond.
The location is characterised by a mix of residential, hotel, and commercial occupiers, supporting strong footfall and demand for both retail and accommodation.
Hyde Park is also within close proximity, enhancing the area’s appeal for residents and visitors alike.

Freehold
Council Tax - F
EPC - ask agent

Floor plan

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Praed Street, London, W2 - Floorplan 1

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Stamp duty calculator

£

Total stamp duty

43,750 £

Please note: This calculator shows results for UK resident purchasers. These estimates are provided as illustrative figures for guidance only and cover only England and Northern Ireland. Cluttons is not authorised to give financial advice; the above calculator is not intended to be financial advice and should not be relied upon when making financial decisions. Please seek advice from a specialist financial provider.

Mortgage calculator

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Monthly repayments

39,924 £

These results are for a repayment mortgage and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.