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Floorplan
MapGuide price
£490,000Retail property (high street) for sale
34 Spring Street, Paddington, London, W2 1JA
Auction
EPC rating: B
Retail property (high street)
Features and description
Please refer to auctioneer for more informationGuide Price = £490,000+
*For Sale By Online PublicAuction 10th December 2025 09:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Well Located Commercial Investment Trading as a Restaurant Subject to a Lease Producing £55,000 Per Annum (Rising to £60,000 in 2026)
Tenure
Leasehold. The property is held on a 97 year lease from 24th June 1976 (thus approximately 47 years unexpired).
Location
The property is situated in the highly sought after area of Paddington close to local shops and amenities. The open spaces of Hyde Park are within easy reach. Transport links are provided by Paddington underground (Bakerloo, Circle and Elizabeth lines) and rail stations.
Description
The property comprises a lower ground and ground floor commercial unit operating as a restaurant (Class E) situated within a terraced building arranged over lower ground, ground and five upper floors.
Accommodation
Lower Ground and Ground Floor
Restaurant Area
Accommodation
Tenancy
The property is subject to an FRI lease for a term of 20 years commencing January 2025 at a rent of £55,000 per annum (rising to £60,000 in January 2026).
Note
EPC Rating
B
Open during their normal business hours
*For Sale By Online PublicAuction 10th December 2025 09:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Well Located Commercial Investment Trading as a Restaurant Subject to a Lease Producing £55,000 Per Annum (Rising to £60,000 in 2026)
Tenure
Leasehold. The property is held on a 97 year lease from 24th June 1976 (thus approximately 47 years unexpired).
Location
The property is situated in the highly sought after area of Paddington close to local shops and amenities. The open spaces of Hyde Park are within easy reach. Transport links are provided by Paddington underground (Bakerloo, Circle and Elizabeth lines) and rail stations.
Description
The property comprises a lower ground and ground floor commercial unit operating as a restaurant (Class E) situated within a terraced building arranged over lower ground, ground and five upper floors.
Accommodation
Lower Ground and Ground Floor
Restaurant Area
Accommodation
Tenancy
The property is subject to an FRI lease for a term of 20 years commencing January 2025 at a rent of £55,000 per annum (rising to £60,000 in January 2026).
Note
EPC Rating
B
Open during their normal business hours
About this agent
Auction House London is the largest branch of the Auction House UK brand. Auction House holds more auctions annually than any other firm of auctioneers in the UK and sold 4,957 properties throughout 2018 – over 1,000 properties more than our closest rivals. Co-founded by Andrew Binstock and Jamie Royston in 2011, Auction House London has grown year on year in its relatively short history to become one of the top 5 residential property auctioneers in the UK. We adopt a modern and dynamic approach to offering high quality auction facilities to both corporate and independent sellers and buyers. We firmly believe in the importance of extensive online marketing campaigns in addition to the traditional offline methods. Our forward thinking approach to auctions has been regularly applauded and we are very proud to be recognised as offering extremely high levels of customer service to all of our clients. With a proven track record in residential and commercial investments and property auctions, the team offers a fresh and energetic approach to their auctions, providing a quality service that achieves the right results for all parties.