London

94 Queensway, Bayswater

94 Queensway, Bayswater, London

Sold

Property Details

Price

£1,615,000

Rent

£100,000

Net Initial Yield

5.71%

Tenure

Freehold

Description

  • Bayswater is a buoyant Central London district within the City of Westminster, located immediately to the north of Hyde Park.
  • The area benefits from excellent transport connectivity, with Bayswater Underground Station providing access to the Circle and District lines.
  • Bayswater sits within Westminster, one of the UK’s most economically productive boroughs, with gross disposable income per capita of approximately £76,381 per annum, significantly above the UK average of £23,129 (ONS).
  • Queensway is currently the focus of over £3 billion of investment across a series of high-profile mixed-use developments.
  • The subject property occupies a prominent position on the eastern side of Queensway, close to the Queensway and Bayswater underground stations.
  • The property is let entirely to Hyde Park Agencies Limited until 2nd November 2035 (TBO 3rd November 2030), at a current rental of £100,000 per annum.
  • VAT free investment.
  • Freehold.

Location

Contacts for this property

Graham
Graham Fawcett
07980 548852
Paddy
Patrick Kilvington
07860 625512