Discover an exceptional mixed-use freehold property located at 28 & 28a Leinster Terrace, W2 3ET, just a stone's throw from the serene expanses of Hyde Park and the vibrant shopping scene of Bayswater. This unique investment opportunity features:
- **Commercial Space**: Ground and lower ground retail unit with a new 15-year lease, generating an attractive £28,000 annual income.
- **Residential Upper Maisonette**: Spacious three-bedroom home requiring modernisation, perfect for families or investors looking to add value.
- **Victorian Architecture**: Classic brick facade with arched windows, offering timeless charm and character.
- **Prime Location**: Close proximity to Queensway and Bayswater Underground stations ensures excellent transport links.
However, the property does come with considerations; the residential section needs significant refurbishment, and the roof requires attention, with estimated repair costs around £40,000. Moreover, potential mortgage lenders may be hesitant due to the existing lease's remaining term.
Despite these issues, the sizable overall space of 2,412 sq. ft. and high rental yield present an outstanding opportunity to invest in a thriving, culturally rich area of London that boasts excellent broadband speeds and vibrant community amenities. Don’t miss the chance to turn this property into a lucrative investment or your dream home! Act quickly, as opportunities like this in central London are rare.
