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4 bed house
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Our Summary
- This property offers a unique investment opportunity in one of London's most sought-after locations, combining commercial potential with stable residential income
- The uppers is residential and is made up of three one-bedroom apartments, all let on Assured Shorthold Tenancies (AST) to professionals and students, taking the total generated annual income to £200,400, with a potential to increase this rent over time
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Description
The property is a rare freehold building with a mix of commercial and residential spaces in a prime location in Bayswater. The lower ground and ground floors are commercial spaces, let on a 15-year lease, generating £120,000 per annum. There are three one-bedroom apartments on the upper floors, all let on Assured Shorthold Tenancies to professionals and students, generating an additional £200,400 per year.
The property benefits from high footfall in the area, with nearby Queensway and Bayswater Underground stations, and proximity to popular destinations such as The Whiteley and Hyde Park.