Praed Street, London, W2

This Freehold mixed-use property represents a compelling investment opportunity, featuring a ground and basement retail unit alongside three independent studio apartments. The five-storey building is currently in need of refurbishment, providing an ideal blank canvas for those looking to enhance its value through strategic renovations. The ground floor and basement space, previously used as a café/retail unit, has been vacant for some time, allowing for reconfiguration or modernization to suit various commercial uses (subject to necessary permissions). On the upper floors, the three self-contained studio apartments offer potential for improvement to attract rental income or resale opportunities. With full vacant possession available, this property is well-suited for owner-occupiers and developers alike who are looking to invest in a versatile asset in one of London's dynamic neighborhoods. Located on Praed Street in Paddington, the property benefits from excellent transport connections and vibrant local amenities, enhancing its attractiveness as both a residential and commercial space.