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AN ICONIC RETAIL LOCATION. A unique, 9,000 sq ft flagship opportunity for retailers to secure prime space within the world renowned Oxford Street, located diagonally opposite Selfridges; one of the world’s most famous department stores. Oxford Street is ranked as the most important retail location in the UK and the busiest shopping street in Europe, attracting over half a million daily visitors. North of Mayfair & West of New Bond Street, this is a location for an International flagship store within the iconic Park House with 3 level trading and an impressive visibility to Oxford Street and a rare opportunity to position your brand alongside other successful, international retailers. A protected lease is available within the security of tenure provisions of the Landlord & Tenant Act 1954. Crossrail is projected to increase the rail capacity in London by 10% bringing another 1.5 million people within 45 minutes of the capital (Source: Crossrail.co.uk)
Property DetailsTenureThe property is available by way of an assignment of the existing effective FRI lease expiring 23rd June 2027. The lease is contracted inside the security of tenure & compensation provisions of the L&T Act 1954. The next rent review is in June 2022 subject to annual RPI Indexation (capped at 12.5% over 5 year period).SubleaseThe property is also available by way of a sub-lease. Further information available upon request.RentThe current passing rent is £1,743,750 per annum exclusive.IncentivesIncentives available subject to covenant.RatesWe understand from the Valuation Office Agency that the Rateable Value for the property is £1.63m and the rates payable in 2018 will be £695,000 (this figure takes into account transitional rate relief). The Uniform Business Rate for 2018/2019 is 51.3p. Interested parties are advised to make their own enquiries with the local authority for verification purposes.EPCAn Energy Performance Certificate is available upon request.
469 Oxford Street,
TransportMarble ArchCentralBond StreetCentral, Jubilee
To be provided in due course.