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4 bed property
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. The property combines commercial spaces on the lower ground and ground floors, let on a 15-year lease, with three one-bedroom apartments on the upper floors, all let to professionals and students. The commercial spaces generate £120,000 per annum, while the residential units bring in £200,400 per annum, providing a reliable income stream. The property's enviable location in Bayswater, with its vibrant community and proximity to Hyde Park and Notting Hill, ensures strong demand for both residential and commercial spaces. With excellent access to public transport and a high footfall of approximately 14 million entries and exits annually, this property offers opportunities for rental growth and capital appreciation.