Summary - Queensway, Bayswater, London, W2 W2 3RL
4 bed 3 bath House
Income-producing central London asset close to Hyde Park and transport links.
Freehold mixed-use building, approximately 3,056 sq ft
A rare freehold mixed-use building in the heart of Bayswater, moments from Hyde Park and two Underground stations. The lower-ground and ground floors are commercial, let on a 15-year lease generating £120,000 per year; the upper floors comprise three one-bedroom flats let on ASTs, creating a current total annual income of £200,400. The property’s size (approximately 3,056 sq ft) and central location support both immediate rental returns and long-term capital growth.
The building is Victorian mid-terrace stock (constructed circa 1900–1929) with period brick character and contemporary fitted kitchens and bathrooms. High footfall from Queensway and Bayswater stations supports the commercial element; local amenities, restaurants and Westbourne Grove are all within walking distance, keeping demand for lettings strong.
Notable considerations are straightforward: the property sits on a small plot and is in an area recorded as very high crime, which may affect insurance and tenant demand for some uses. Construction details note solid brick walls with no assumed insulation and glazing type is not defined, so retrofit costs (insulation, double glazing) and general maintenance on an older building should be factored into budgets.
This freehold suits investors seeking an income-producing Central London asset with mixed residential and commercial exposures. The current income stream is secure but review of lease and tenancy terms, along with an inspection for energy-efficiency upgrade costs, is recommended to quantify near-term capital expenditure and rental uplift potential.
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