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For Rent

Paddington

3 Praed Street, W2

Availability (1)

941 Ft2

P.O.A /a

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  1. Information
  2. Map
  3. Area & Transport
  4. E.P.C
  5. Other Documents
  1. Introduction

    A1 OPPORTUNITY AVAILABLE AT THE ENTRANCE TO PADDINGTON BASIN

    Property Details

    Accommodation
    The premises are arranged over ground floor only with the following net internal floor areas. Ground Floor: 941 Sq ft or 87.42 Sq m.
    Term
    The property is available on a new lease for a term to be agreed. The lease will be contracted outside the Security of Tenure and Compensation provisions of the Landlord and Tenant Act 1954 as amended.
    Rental Offers
    Rental offers in excess of £65,000 per annum.
    Use
    The property benefits from Class A1 of the Town and Country Planning (Use Classes) order 1987.
    Rates
    We have been advised by the Local Authority that the premises are assessed for rating purposes as follows: Rateable Value- £39,500, UBR (2019/20)- 49.1p and Rates Payable- £19,394. Prospective tenants are advised to confirm any rating liability directly with the local authority.
    Legal Costs
    Each party is to be responsible for their own professional costs incurred in this transaction.
    EPC
    Available on request.

    Description

    Planning Usage: A1 Retail / Shops

    The property is located on Praed Street at the entrance of West End Quay, a development comprising 468 flats and 29,000 sq ft of retail/leisure accommodation, and is part of the wider Paddington Basin development, comprising over 2 million sq ft of mixed use space.

    Nearby occupiers in the immediate vicinity include Headmasters, Brewdog, F45 Training, Pizza Express, Virgin Active Club, Tesco Express, M&S and Pret a Manger.

    The property sits within close proximity to Edgware Road Underground Station and Paddington Railway Station which is due to benefit from the Crossrail opening in 2021. 

    Availability (1)

    FloorSize (Ft2 | M2)Rent (/a | /Ft2)S/Charge (/a | /Ft2)Rates (/a | /Ft2)Total /aPlanning UsageStatus
    Ground Floor 941P.O.AT.B.CT.B.CP.O.AA1Available
    Total / Avgs.941£65,000T.B.CT.B.CT.B.C
  2. Location

    3 Praed Street,
    London W2

  3. Transport

    Edgware
    Northern
    Paddington
    Bakerloo, Hammersmith & City, Circle, Crossrail (Opening 2018)
    National Rail Services
  4. E.P.C

    To be provided in due course.

  5. Other Documents

    Marketing Brochure

MISREPRESENTATION ACT — These particulars do not form part of any offer of contract. They are issued as a general guide, but do not constitute representation of fact. Parties should satisfy themselves as to their accuracy. Unless otherwise stated, all prices/rents are quoted exclusive of vat. All terms and information provided is subject to contract & without prejudice.
Harry Elliott
Graduate Surveyor

+44 20 7344 6825

harry.elliott@colliers.com