This unique freehold property presents an exciting mixed-use development opportunity, comprising a ground floor and basement retail unit alongside three self-contained studio apartments. The building spans five storeys and is in need of refurbishment, making it ideal for those looking to enhance its value. The previously operational café/retail space on the ground floor and basement has remained unused for several years, providing a blank canvas ripe for reconfiguration, modernisation, or alternative uses (subject to necessary consents). The upper three floors house three independent studio apartments that hold significant potential for rental income generation or resale following improvements. With full vacant possession available, this property is suited for owner-occupiers, investors, or developers keen on seizing a versatile asset in a sought-after location. Nestled on Praed Street in Paddington, the area is well-connected with excellent transport links via Paddington Station (Elizabeth Line, National Rail, Underground), ensuring rapid access throughout London and beyond. Surrounded by a diverse mix of residential properties and commercial enterprises which bolster foot traffic and demand for both retail spaces and accommodation options. Proximity to Hyde Park further enhances its appeal to potential residents and visitors alike.
