Prime Office/ Retail Premises For Sale in London, W1D

This property is marketed by:
Colliers

Key Features

• Freehold
• Located adjacent to Tottenham Court Road’s Elizabeth Line entrance.
• Prominent Oxford Street corner building benefitting from return frontage on to Great Chapel street.

Prime retail & office refurbishment opportunity, situated on Europe’s most frequented retail thoroughfare with 500,000 visitors every day.

103 Oxford Street is a prominent corner building benefitting from return frontage on to Great Chapel Street and sits adjacent to Tottenham Court Road’s Elizabeth Line entrance.

The property comprises 16,498 sq ft GIA of Class E accommodation arranged over lower ground, ground and five upper floors. The retail component comprises 1,726 sq ft NIA (1,241 sq ft ITZA) on the ground floor and 2,193 sq ft NIA on the lower ground floor.

The high quality retail accommodation is let to Rituals Cosmetics UK Ltd on a 10 year lease from July 2023, at a highly reversionary rent of £375,000 per annum. Rituals’ covenant reflects a Creditsafe score of 86A – Very Low Risk.

The first to fifth floors comprise vacant Class E accommodation, providing an exceptional opportunity to add value through refurbishment or to be converted into alternative uses, subject to planning.

We are instructed to seek offers in excess of £17,000,000 for the freehold interest. A purchase at this level reflects an attractive capital value of £1,030 per sq ft. on the Gross Internal Area.