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4 bedroom house for sale
Queensway, Bayswater, London, W2
£4,500,000
Queensway, Bayswater, London, W2
£4,500,000
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
Description
This mixed-use freehold property is situated in a prime location near Queensway and Bayswater Underground stations, offering an exceptional investment opportunity in one of London's most sought-after areas. The property combines commercial and residential spaces, generating a total annual income of £320,400. The lower ground and ground floors are let on a 15-year lease, with high footfall in the local area, while the three one-bedroom apartments above are let on Assured Shorthold Tenancies to professionals and students. The property benefits from a reliable income stream, with all flats currently let, and offers opportunities for rental growth and capital appreciation due to its enviable location in Bayswater, close to The Whiteley, Hyde Park, and Notting Hill. The area has excellent access to public transport, with Queensway and Bayswater Underground stations nearby, and is surrounded by restaurants, shops, and bars on Queensway and Westbourne Grove.