The property is part of a block developed in the 1980’s comprising of five adjoining buildings of concrete frame construction with brick cladding.
The majority of the block is occupied by Point A Hotels.
This property has recently been used as school and was a Doctors Surgery for some 20 years before that.
The school carried out a comprehensive refurbishment of the property, having spent over £1m.
The premises is arranged over basement, ground and three upper floors. Natural light is excellent as the building is on a prominent corner site. The property benefits from an 8 person lift.
Location
Paddington is a popular commercial and residential area situated ½ mile north of Hyde Park.
The area has been significantly developed in recent years with a number of high profile developments in the area that include West End Quay, Paddington Basin a major waterside office, residential and leisure destination and most recently Merchant Square an 11 acre mixed use development. St Mary’s Hospital Trust are currently looking into partners for the hospital being redesigned and re-built which will be fully funded from the sale of parts of its Paddington Campus.
The building is located on the south side of Praed Street at the junction with Sale Place. On the opposite corner of Sale Place is the newly re-developed Summit House sales office for JC Decaux, the world’s leading outdoor advertising company. Directly opposite is the residential and commercial development known as West End Quay with the St Mary’s Hospital complex approx. 100 metres to the West. Both Paddington and Edgware Road Underground stations are approx. 300 metres away from the property. Occupiers close by include Ryman, Tesco, William Hill, Hamptons International Estate Agents, Post Office & Superdrug, amongst a variety of other retailers.
Accommodation
Third Floor - 1,750 Sq ft (163 Sq m) GIA - 1,409 Sq ft (131 Sq m) NIA
Second Floor - 1,775 Sq ft (165 Sq m) GIA - 1,460 Sq ft (136 Sq m) NIA
First Floor - 1,704 Sq ft (158 Sq m) GIA - 1,355 Sq ft (126 Sq m) NIA
Ground Floor - 1,600 Sq ft (149 Sq m) GIA - 1,292 Sq ft (120 Sq m) NIA
Basement - 1,802 Sq ft (167 Sq m) GIA - 1,318 Sq ft (122 Sq m) NIA
Total - 8,631 sq ft (802 sq m) GIA - 6,834 Sq ft (635 Sq m) NIA
Terms
LEASE - The property is being offered to let on a new lease for a term by arrangement.
RENT - Upon Application.
LEGAL COSTS - Each party are to be responsible for their own legal costs.
PLANNING - The property was used for educational purposes within Class F1 under a temporary consent. Prior to that it was used as a Doctors Surgery (Class E).
EPC - The building has been classified as having an EPC rating D78.
Specification
- Centrally located medical use building in the heart of Paddington
- Potential for alternative uses within Class E
- Extensively refurbished and refitted approx.5 years ago
- Rapidly improving area which will benefit from the arrival of Crossrail