FIRST TIME ON MARKET IN MORE THAN 50 YEARS!
A rare opportunity to acquire a highly attractive mixed-use investment just one shop away from the fabulous Marylebone High Street.
Ashurst Real Estate is delighted to bring 3 Paddington Street, London W1U 5QD to the market — an investment offering an excellent combination of secure existing income, reversionary potential and multiple asset management opportunities.
The property comprises a ground-floor and basement retail unit, let on a 10-year lease with 9 years remaining, currently producing £120,000 per annum, together with three generously proportioned studio flats above.
One studio is already let at £31,200 per annum, while the remaining two are vacant, each with an estimated rental value of approximately £30,000 per annum.
But the real attraction is the upside.
A purchaser could:
Let the two vacant studios immediately, increasing the income;
Refurbish or investigate reconfiguring the studios into one-bedroom flats;
Or explore the potential to combine the residential accommodation into a single dwelling.
With its exceptional location, established retail income and significant residential asset-management potential, this is an opportunity that rarely comes to market.
Offers in the region of £3,500,000 are invited, subject to contract.
Full details are available via the link below.
For further information, contact David Shapiro on 07970 128 599 or ds@ashurstre.london.
