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Praed Street, London, W2

Description

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. 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

Brochures

Particulars
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: F
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Praed Street, London, W2

Approximate location

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Affordability

Monthly repayments£6,770
Property: £ 1,350,000
Deposit: £ 135,000
Interest rate: 5.33%
Term: 30 years
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Extension potential
Recently sold & under offer
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About Cluttons, Hyde Park - Sales

23 Albion St, Hyde Park Pl, St George's Fields, London, W2 2AS
Industry affiliations:

Cluttons is a leading residential real estate agent, selling and letting some of the finest properties to our extensive database of purchasers and tenants, as well as servicing the buy-to-let and developer markets.

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Disclaimer - Property reference ALB250220. 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 Cluttons, Hyde Park - Sales. 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.

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