This well-located third-floor studio flat in Paddington is available for sale by online public auction on July 2nd, 2025, with a guide price of £190,000+. The property is held on a 99-year lease from December 25th, 1971, with approximately 45 years unexpired. The studio flat is situated in a purpose-built block with a third-floor studio room, kitchen, and bathroom. The property is currently subject to an Assured Shorthold Tenancy at a rent of £1,350 per month, producing £16,200 per annum. The flat is located close to local shops and amenities, with Hyde Park nearby, and transport links provided by Royal Oak underground station and Marylebone rail station. It's worth noting that when purchasing a flat with a short lease, the buyer will need to pay a premium to the freeholder to extend the lease to 90+ years.