Praed Street, London, W2

£1,050,000 (Freehold)
2 2 1

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  • Council Tax Band: D

Ref no: ALB260153

An opportunity to acquire a mixed-use Freehold building on one of Paddington's most prominent thoroughfares, combining commercial income with attractive residential accommodation.
The property comprises a ground and basement commercial unit, let to Shahrazad Services Ltd on a 15-year lease expiring June 2034 at £23,000 per annum, rent review June 2029, providing a strong and reliable income stream.
The upper floors, offered to the market with vacant possession, consists of a well-presented two-bedroom, two-bathroom apartment, arranged over three floors with its own street entrance. The property offers a bright and versatile living accommodation with excellent rental or owner-occupier appeal.
Having remained in the same family ownership for many years, this is a genuinely rare opportunity to acquire an enduring investment asset in a highly sought-after Central London location.

Location

Praed Street is at the heart of Paddington's continued transformation, benefitting from outstanding transport links and significant local investment.
The property is situated just moments from Paddington Station, providing access to the Elizabeth Line, Heathrow Express, National Rail services and multiple Underground lines.
The vibrant waterside district of Paddington Basin is a stone’s throw away, offering an excellent selection of restaurants, cafés, bars and leisure amenities, alongside a growing business community.
Hyde Park, Connaught Village and Marylebone are all within easy reach, making the area exceptionally attractive to both commercial occupiers and residential tenants, supporting strong long-term investment prospects and future capital growth potential.

Freehold
Council Tax - Residential unit - D
EPC - to be confirmed

Floor plan

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Praed Street, London, W2 - Floorplan 1

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Stamp duty calculator

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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.