79 Praed Street, Paddington, London W2 1NS
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- To be offered on Wednesday 25 February
- Prominent Freehold Mixed Use Investment
- Well situated within an established trading location
- Well positioned close to Paddington Station
- VAT is not applicable
- investment let at £91,652 p.a. (9.4% GIY on Guide Price)
Description
StrapLine
Auction Sale - 24/02/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteA mid-terrace building comprising a Ground Floor Shop with separate front access to a Basement Office and 3 Self-Contained Flats on the first, second and third floors. Investment fully let and producing £91,652 p.a.
Description
A mid-terrace building comprising a Ground Floor Shop with separate front access to a Basement Office and 3 Self-Contained Flats on the first, second and third floors. Investment fully let and producing £91,172 p.a.
Location
The property is located opposite St Mary’s Hospital and approx. 300 yards from London Paddington Mainline Rail and Underground Station (Elizabeth Line, Bakerloo, Circle, District, Hammersmith & City).close to the junction with Bouverie Place in this well-known Central London location nearby multiples such as H&T Pawnbrokers, Ryman, Tesco Express, Hamptons, Greggs and a variety of independent traders,
Transport
London Paddington Mainline Rail and Underground Station (Elizabeth Line, Bakerloo, Circle, District, Hammersmith & City) Located approximately 300 yards from the property
Tenancy
Ground floor shop - Let to 79 Praed Street Limited t/a Appdroid Tech Specialists (mobile phone repairs / accessories) - £30,500 p.a.
Basement office - TFB Money UK Ltd - £12,000 p.a.
Flat A First Floor - AST holding over - £1,350 pcm
Flat B Second Floor - AST holding over - £1,310 pcm
Flat C Third Floor - AST holding over - £1,436 pcm
Accommodation
Ground Floor - (119 sq ft)
First Floor - Flat A - Studio room, Shower room/wc (118 sq ft)
Second Floor - Flat B - Studio room, Shower room/wc (118 sq ft)
Third Floor - Flat C - Studio room, Shower room/wc (140 sq ft)
Basement - (272 sq ft)
Total - 767 sq ft
79 Praed Street, Paddington, London W2 1NS
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Edgware Road (Bakerloo) Station0.2 miles
- Edgware Road (Circle, District, Hammersmith & City) Station0.2 miles
- Paddington Station0.3 miles
Notes
Disclaimer - Property reference 218-21392. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills Auctions, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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