Investment Properties: New Oxford Street, London WC1

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New Oxford Street, London WC1

  • Located in a Prime Central London location with a prominent position immediately opposite Centre Point and less than 80 meters from Tottenham Court Road Station (Northern and Central Line) and the proposed new Crossrail Station
  • Mixed use building currently arranged as Retail on Basement, Ground and Mezzanine with four floors of vacant, stripped out, office space above
  • Retail space currently let to Starbucks with a new 10 year lease (break at year 5) due to be signed imminently at a rent of £180,000 pa commencing from June 2015
  • Upper floors benefit from a planning consent to convert and extend (2 additional storeys on current flat roof) to provide 9 flats
  • (2 x 1 bed, 6 x 2 bed and 1 x 3 bed) with a proposed net saleable area of 7,449 ft2