Bayswater Sub Letting Crackdown

Labour Councillors have called on Westminster City Council to launch a crackdown on illegal sub-letting of council flats. With over 3,000 families on the waiting list and over 1,400 families waiting for a transfer to larger accommodation, Labour Councillors say that illegal sub-letting is creating real misery for local residents in housing need, while allowing unscrupulous tenants to rake in thousands of pounds a year in unearned and untaxed income.

Labour Councillors say that the rent for a 3 bedroom Council flat or house in Westminster is £114 a week but on the private rental market the property would command a rent of at least £550 a week in St John’s Wood, Marylebone, Bayswater, Maida Vale and Pimlico, netting the illegal sub-letting over £22,600 a year.

Blairs to Profit From Connaught Square Property

With most house prices in a state of flux across the country, Tony and Cherie Blair have managed to make a profit – on paper – of more than £2 million out of the central London mansion in Connaught Square they controversially bought in 2004 using a loan paid off through Parliamentary expenses.

The Blairs spent £3.65 million on the 19th-century property in Bayswater, close to Hyde Park. Two years ago they also bought an adjoining mews house for £800,000, knocking down its walls to make one house. Estate agents now estimate the former prime minister’s five-bedroom, three-bathroom house could be worth around £6.6 million, based on the recent sale of a neighbouring property.

In 2004 Blair re-mortgaged his constituency home in Trimdon, County Durham for a second time, in order to secure a £296,000 loan from Cheltenham & Gloucester. This helped pay for the £182,500 deposit on the Connaught Square property. Blair then claimed the loan interest on expenses.

Despite the volatile housing market, Connaught Village – as the area around the square, formerly called Tyburnia after the nearby place of execution, is now known – is still seen as a good buy by wealthy prospective buyers.

Bayswater Property For Sale

Hyde Park
Westbourne Street
London
Greater London
W2

£ 2,750,000
Freehold Property
This substantial white stucco property is excellently located opposite Hyde Park and is close to a wealth of transport facilities including Paddington Station providing International (Heathrow Express), National and City Links, as well as Lancaster Gate and Bayswater tube stations.

Marble Arch and Oxford Street are moments away with its comprehensive shopping facilities.

This freehold building has been in the same ownership for the last 18 years and is arranged as 2 large maisonettes and 3 flats. the property also has potential to be converted into a beautiful period house.

The property is currently in a poor state of repair and is in need of a face lift.

Paramount Investments are specialists in sourcing freehold and leasehold UK pubs for sale and other investment opportunities in England, Scotland and Wales for potential property investors.

Paramount Pub Sales

150 West End Lane

West Hampstead

London NW6 1SD

Tel: 020 7644 2333

Web: UK Pubs For Sale

Blog: UK Pub Sales Blog

Search: UK Pub Trade Directory

Devonshire Terrace Bayswater, Care Home for Sale

Devonshire Terrace
London
W2
£ 2,750,000
Leasehold
A large terraced building on this popular residential road in Bayswater. The leasehold property is arranged over basement, ground, 1st, 2nd, 3rd and 4th floors and is currently arranged as 17 units delivering 9 bedsits and 8 self-contained studios. All units are let on AST basis save for one regulated tenant in a basement bedsit unit. Internally the units are in good decorative order and the common parts are in need of some cosmetic attention.

Paramount Investments are specialists in sourcing freehold and leasehold pubs for sale and other pub company or brewery investment opportunities in England, Scotland and Wales for potential property investors.

Paramount Investments

150 West End Lane

West Hampstead

London NW6 1SD

DDI: 020 7644 2307

Fax: 020 7604 3457

Mob: 07949 175 280

Web: http://www.paramount-investments.co.uk

Blog: http://uk-pubs-for-sale.blogspot.com/

Grand Plaza, Princes Square, Hyde Park, London, W2

£325 pw (£1,408 pcm)
The ideal choice for long term stay in central London. 205 Grand Plaza have been recently refurbished with detailed consideration and the clever use of space and light, making the perfect base for both corporate and professional tenants.

Grand Plaza is located in the quiet residential part of W2 yet is in easy reach of the amenities of Westbourne Grove and Queensway. Grand Plaza is also perfectly located for transport links to Central London via Bayswater & Queensway tube stations and Heathrow Airport via Paddington Rail station.
Call for availability.

Selection of recently refurbished flats
Studios from £325 per week
1 bedrooms from £450 per week
2 bedrooms from £620 per week
3 bedrooms duplex from £1,200 per week
Contact Details
Telephone: 020 7580 1010
Fax: 020 7290 0595
E-mail: info@ldg.co.uk

Devonshire Terrace Property in Bayswater

Devonshire Terrace
London W2
£ 2,750,000 Leasehold
A large terraced building on this popular residential road in Bayswater. The leasehold property is arranged over basement, ground, 1st, 2nd, 3rd and 4th floors and is currently arranged as 17 units delivering 9 bedsits and 8 self-contained studios. All units are let on AST basis save for one regulated tenant in a basement bedsit unit. Internally the units are in good decorative order and the common parts are in need of some cosmetic attention

Paramount Investments
150 West End Lane
West Hampstead
London
NW6 1SD
http://paramount-investments.co.uk/
Tel: 020 7644 2333
Email: investments@paramountproperties.co.uk
Investments Director: Gavin Sherman

Travel Links to Bayswater

• Bayswater (Circle & District lines), Queensway (Central line)

• Paddington Railway Station

• Motorway Junction M1 Junction 1

• Airport London City

Bayswater

Bayswater is named after Bayard’s spring, and a waterway built in the area supplied the city with water from the 15th century. It didn’t develop that quickly, because the presence of the gallows at what is today Marble Arch gave the area something of a formidable reputation! Although Bayswater expanded somewhat in the early 18th century, it wasn’t until the gallows were removed in 1783 that the area really took off.

In the 19th century, Bayswater became quite a hip destination. Westbourne Terrace was known as “the finest street in London”, and Westbourne Grove earned its reputation as a great shopping location (which it still has today). These days the area is home to so many hotels that in the summertime it can suffer from tourist overload, but if you escape from Queensway (either into a restaurant or along a side street) you’ll probably get away unscathed!

In recent years Bayswater has attracted some of the overspill from Notting Hill and has a new injection of vitality. The whole area is opposite Kensington Gardens with Mayfair to the east and Notting Hill to the west. Bayswater in a stone’s throw from Paddington and, hence, ideal for international commuting.

The area also offers an eclectic mix of restaurants offering foods from all over the World, situated mostly on Westbourne Grove, where the most reputable organic supermarket in Britain is also located there. The Porchester Baths are renowned for their steam rooms and Whiteleys houses high street shops, cafes as well as a multi-screen cinema.

Estate Agents And Letting Agents In Bayswater, London W2

In recent years Bayswater has attracted some of the overspill from Notting Hill and has a new injection of vitality. The whole area is opposite Kensington Gardens with Mayfair to the east and Notting Hill to the west. Bayswater in a stone’s throw from Paddington and, hence, ideal for international commuting.

The area also offers an eclectic mix of restaurants offering foods from all over the World, situated mostly on Westbourne Grove, where the most reputable organic supermarket in Britain is also located there. The Porchester Baths are renowned for their steam rooms and Whiteleys houses high street shops, cafes as well as a multi-screen cinema.

Pubs, Bars, Cafés and Restaurants in Bayswater

Bar Oz
51, Moscow Rd, Bayswater, Bayswater, London, W2 4AL
Tel: 020 7229 0647

Rat & Parrot
99, Queensway, Bayswater, Bayswater, London, W2 4QH
Tel: 020 7727 0259

Redan
1, Westbourne Grove, Bayswater, London, W2 4UA
Tel: 020 7229 2993

Kings Head
33, Moscow Rd, Bayswater, London, W2 4AH
Tel: 020 7229 4233

The Mitre
24, Craven Terrace, Bayswater, London, W2 3QH
Tel: 020 7262 5240

Deep Pan Pizza Ltd
120, Bayswater Rd, Bayswater, London, W2 3JH
Tel: 020 7229 5910

New Fortune Cookie Chinese Restaurant
1, Queensway, Bayswater, London, W2 4QJ
Tel: 020 7727 7260

Santorini Taverna
10-12, Moscow Rd, Bayswater, London, W2 4BT
Tel: 020 7727 7112

Pride of India
66-68, Inverness Terrace, Bayswater, London, W2 3LB
Tel: 020 7229 1118

Harlem Sole Foods
78, Westbourne Grove, Bayswater, London, W2 5RT
Tel: 020 7985 0900

Gourmet Burger Kitchen
50, Westbourne Grove, Bayswater, London, W2 5SH
Tel: 020 7243 4344

Abohammad Egyptian Restaurant
102, Queensway, Bayswater, London, W2 3RR
Tel: 020 7727 0830

Durbar Traditional Tandoori Restaurant Est Since 1956
24, Hereford Rd, Bayswater, London, W2 4AA
Tel: 020 7727 5995

La Brasserie
68, Queensway, Bayswater, London, W2 3RL
Tel: 020 7727 4037

Oscars
Unit 212, Whiteleys Centre, Queensway, Bayswater, London, W2 4YJ
Tel: 020 7792 8462

Golden Shalimar Restaurant
6, Spring St, Bayswater, London, W2 3RA
Tel: 020 7402 8163

Castle Moor Ltd
68, Queensway, Bayswater, London, W2 3RL
Tel: 020 7221 6529

Alounak Restaurant
44, Westbourne Grove, Bayswater, London, W2 5SH
Tel: 020 7229 4158

Ma Potters Chargrill
Unit 203 & 204, Whiteleys Shopping Centre, Queensway, Bayswater, Bayswater, London, W2 4BS
Tel: 020 7792 2318

Saki Japanese Restaurants Ltd
82, Queensway, Bayswater, London, W2 3RL
Tel: 020 7229 2234

YO Sushi Whiteleys
2nd floor, 151 Queensway, Whiteleys Shopping Centre, Bayswater, London, W2 4YN
Tel: 020 7727 9392