oxford circus 1

£36,000,000 - SOLD

  • Type: Commercial
  • Tenure: Freehold
  • Rental Income: £1,613,590 (Anticipated uplift on completion of outstanding rent review)
  • Size: 3,012 sq ft (3,066.92 sq m)
  • Yield: Equivalent Yield 5.72%

Property Description

133-135 Oxford Street is a prominent Grade II listed period building of traditoinal brick consruction behind a tiled facade. The building boasta a gross frontage of 42 ft (12.80m) at street level. Virgin Media occupies a retail unit at ground level, whilst the Callan Language School occpies the upper floors from ground to sixth. The school counts 86 small classrooms, various common areas and a lift.

129-131 Oxfors Street is a modern building occupied in its entirety by Jessops from lower ground to fourth floors. The building is used as a flagship retail unit on ground and lower ground, with self-contained office suites and kitchen areas above, all benefiting form a lift. The building has a gtross frontage of 36ft (10.97m) at street level.

Behind the retail units on Oxford Street, the Angels nightclub runs through Wardour Streetto Berwick Street at ground and basement levels. The club is largely open plan and benefits from an office and a kitchen.

Location

Less than 120 metres from the proposed Crossrail station, it will benefit from the increased footfall of the 200,000 passengers who are expected to use the station each day.

The property occupies a "T" shaped site on Oxford Street with additional entrances on Wardour and Berwick Street.

Nearby retailers include H&M, Boots, Uniqlo, American Apparel and Marks & Spencer. Located opposite the Plaza Shoppping Centre, the West End's largest W H Smith and Virgin Active Fitness Club are also in close proximity.