AN ICONIC RETAIL LOCATION 469 OXFORD STREET LONDON W1
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
London’s street family: Theory and case studies Transport for London
T H E OPPORTUNITY
– A unique, 9,000 sq ft flagship, – A location for an International flagship opportunity for retailers to secure store within the iconic Park House. prime space within the world – 3 level trading with impressive visibility renowned Oxford Street. to Oxford Street. – Located diagonally opposite Selfridges; – A rare opportunity to position your one of the world’s most famous brand alongside other, successful, department stores. international retailers. – North of Mayfair & West of New – Protected lease available within the Bond Street. security of tenure provisions of the Landlord & Tenant Act 1954. 469 OXFORD STREET LONDON W1
1.5 MILES OF SHOPPING
The heart of London’s shopping and style providing over 300 boutiques and shops, department stores, luxury hotels, and fine restaurants. REGENT’S PARK
GREAT PORTLAND STREET REGENT’S PARK BAKER STREET D ROA MARYLEBONE NE EBO RYL MA
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A VISITORST A YEAR R E Generating retail turnover of £8.8 billion R LOCATIONO per annum. (Source: NWEC) PADDINGTON A STATION D OXFORD CIRCUS
T REE ELIZABETH LINE R ST MOU (2018) SEY
BOND REET STREET 1 RD ST OXFO 4 3 2 469 ELIZABETH LINE (2018) R MARBLE E E ARCH A G PLAC U ARK D E P L DE P Y E H A N LANCASTER Y R
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S R HYDE T E S 5 R E E T PARK T E T R E E T 1 Crossrail is projected to increase the 3 “Marble Arch Place” comprises retail Between Bond Street Underground rail capacity in London by 10% bringing & leisure including 95,000 sq ft of offices another 1.5 million people within 45 minutes and 54 high end apartments Station & Marble Arch. Both P of the capital A (Completion 2020) Stations provide an annual footfall (Source: Crossrail.co.uk) R K 4 New 2,000 bedroom “Hard Rock Hotel” of 53.64 million. 2 Primark’s in-store footfall is reportedly L and public realm improvements leading c.6 million per annum A into The Portman Estate (Source: TFL 2016) N E 5 Hyde Park has 13 million visits per annum
P A R GREEN K PARK L A N E
GREEN PARK
HYDE PARK CORNER 469 OXFORD STREET LONDON W1
2 MINUTE WALK AWAY
Crossrail will bring an extra 1.5 million people to within 45 minutes of central London
The first Crossrail services through central London will start in late 2018 – an estimated 200 million annual passengers will use Crossrail.
The Elizabeth line Bond Street station will help improve accessibility and increase capacity at one of the busiest shopping districts in the UK to accommodate over 225,000 people using the Jubilee, Central and Elizabeth lines daily.
Bond Street (Hanover Square) 2 minutes walk Tottenham Liverpool Canary Reading Maidenhead Slough Paddington Court Road Street Wharf 52 minutes 40 minutes 31 minutes 3 minutes 1 minute 7 minutes 13 minutes
Bakerloo Northern Circle Jubilee Central Central Metropolitan DLR District Hammersmith Hammersmith & City & City Northern Central Heathrow 27 minutes
Piccadilly 469 OXFORD STREET LONDON W1
MORE THAN 60 FLAGSHIP STORES OXFORD CIRCUS 469 OXFORD STREET LONDON W1
BOND STREET BOND STREET
ST CHRISTOPHER’S PLACE WEST ONE
SELFRIDGES
BOND STREET
MARKS & SPENCER
MARBLE ARCH MAYFAIR
PARK HOUSE 469 OXFORD STREET LONDON W1
GOAD
Selfridges
ELIZABETH LINE
M&S
BOND STREET
Adidas To be The Hard Rock TAG HEUER Hotel
Marble Arch Place
FOOTLOCKER
ELIZABETH LINE CROSSRAIL
MARBLE ARCH
Primark
Hyde Park
469 OXFORD STREET LONDON W1 469 OXFORD STREET LONDON W1
ACCOMODATION
The subject premises is arranged over Ground Basement First ground, basement and first floors, providing 3,271 sq ft / 304 sq m 3,101 sq ft / 288 sq m 2,916 sq ft / 271 sq m the following approximate dimensions and net internal trading floor areas:
Dimensions Net Frontage 34 ft 3 in 10.44 m
Internal Width 38 ft 4 in 11.68 m
Shop Depth 102 ft 2 in 31.14 m
Trading Floor Areas Ground Floor 3,271 sq ft 304 sq m
Basement 3,101 sq ft 288 sq m
First Floor 2,916 sq ft 271 sq m
Total 9,288 sq ft 863 sq m
Floor to Ceiling Heights (Ground Floor) Shop Front 15 ft 9 in 4.79 m
Internal 11 ft 9 in 3.57 m
Not to scale. Indicative only A WORLD CLASS RETAIL OPPORTUNITY
Accommodation Floor Plans
Basement Ground Floor First Floor The subject premise is arranged over basement, ground and first floor, providing the following A WORLDapproximate CLASS RETAIL OPPORTUNITY dimensions and net internal floor areas:
Net Frontage 34 ft 3 in 10.44 m 469 OXFORD STREET LONDON W1 AccommodationInternal Width 38 ft 4 in 11.68Floor m Plans Basement Ground Floor First Floor The subjectShop premise Depth is arranged over basement,102 ft 2 in 31.14 m ground and first floor, providing the following TERMS approximateGround dimensions Floor and net internal 3,271floor areas: sq ft 304 sq m Net BasementFrontage 34 ft 3 in 3,10110.44 m sq ft 288 sq m InternalFirst Width Floor 38 ft 4 in 2,91611.68 m sq ft 271 sq m Tenure Shop Depth 102 ft 2 in 31.14 m The property is available by way of an assignment of the existing effective FRI GroundTotal Floor 3,271 sq ft 9,288304 sq m sq ft 863 sq m lease expiring 23rd June 2027. Basement 3,101 sq ft 288 sq m The lease is contracted inside the security Head Height (Ground Floor) of tenure & compensation provisions of the First Floor 2,916 sq ft 271 sq m L&T Act 1954. Total 9,288 sq ft 863 sq m The next rent review is in June 2022 subject Shop Front 15 ft 9 in 4.79 m to annual RPI Indexation (capped at 12.5% Head Height (Ground Floor) over 5 year period). Internal 11 ft 9 in 3.57 m Shop Front 15 ft 9 in 4.79 m Sub-Lease Internal 11 ft 9 in 3.57 m The property is also available by way of a sub-lease. Further information available upon request. Rent AvailableAvailable by way by way The current passing rent is £1,743,750 per annum exclusive. of an assignment Incentives of an assignment Incentives available subject to covenant Rates Lease Terms We understand from the Valuation Office Agency that the Rateable Value for the property is £1.63m and the rates payable in 2018 will The property is available by way of an existing be £695,000 (this figure takes into account Lease Terms transitional rate relief). The Uniform Business effective Full Repairing & Insuring Lease expiring Rate for 2018/2019 is 51.3p. Interested parties 23rd June 2027, with the next rent review on are advised to make their own enquiries with the local authority for verification purposes. 24th June 2017 and 5 yearly thereafter. The lease is contactedThe property inside the Securityis available of Tenure by and way of an existing EPC Compensationeffective Provision Full Repairing of the Landlord & & Insuring Tenant Lease expiring An Energy Performance Certificate Act 1954, Part II. is available upon request. 23rd June 2027, with the next rent review on Further24th information June 2017 available and on request.5 yearly thereafter. The lease Please contact agents for CAD plans is contacted inside the Security of Tenure and Compensation Provision of the Landlord & Tenant Act 1954, Part II.
Further information available on request. Please contact agents for CAD plans Viewing Arrangements Staff are totally unaware of impending disposal. All appointments to view must be arranged via sole agents:
Paul Souber Peter Flint +44 20 7344 6870 +44 20 7344 6596 [email protected] [email protected]
Misrepresentation Act 1967: Colliers international gives notice that these particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending purchasers, lessees or third party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person employed or engaged by colliers international has any authority to make any representation or warranty whatsoever in relation to this property. Colliers international is the licensed trading name of colliers international central London UK LLP which is a limited liability partnership registered in England and Wales with registered number oc391630. Our registered office is at 50 George Street, London W1U 7GA.
S09918 | April 2018 | Siren | +44 (0)20 7478 8300 | sirendesign.co.uk