West End Ward Profile

Total Page:16

File Type:pdf, Size:1020Kb

West End Ward Profile West End Ward Profile May 2014 For further information about the Ward Profiles please contact the Intelligence and Analysis Team, Strategy and Communications Sian Melhuish: 020 7641 2160 [email protected] (Main contact) Damian Highwood: 020 7641 3283 [email protected] (Intelligence and Analysis Manager) Index 1. Ward Information Ward Councillors 1. Ward Information 2. Ward Map Jonathan Glanz Conservative 3. Summary Chart Glenys Roberts Conservative 4. Population Paul Church Conservative 5. Ethnicity/Nationality 6. Deprivation The world-famous West End is known as the Theatre District 7. Unemployment and is home to many of the leading performing arts 8. Employment and Qualifications 9. Schools and Education businesses. Mayfair (to the west of the ward) has London's 10. Housing largest concentration of luxury hotels and many restaurants. 11. Household Composition Rents are among the highest in London and the world. Soho 12. Crime, Disorder and Community Cohesion 13. Health and Wellbeing and its adjoining areas house a concentration of media and 14. Infrastructure, Service Usage and Satisfaction creative companies, whilst Oxford Street is one of the leading 15. Vulnerable Adults and Children shopping destinations in the world. 16. Transport, Travel and Visitors 17. Sources Based on the latest population figures the ward has 11,130 residents making up 5.0% of the total Westminster population. 1 2. Ward Map 2 3. Summary Chart Ward Ward WCC Range WCC Range Indicator Number Value WCC Avg From To Population 1 Population Size 11,130 11,193 8,437 13,247 2 % Households in at least 1 dimension of deprivation 3,492 59% 61% 82% 39% Income and Deprivation 3 Average Household Income £42,544 £38,567 £25,355 £46,969 4 % Lone Parents Not in Employment 75 53% 58% 68% 44% 5 % Worklessness (working age) 635 8% 9% 20% 1% Unemployment 6 % Job Seekers Allowance Claimants 140 2% 2% 5% 0.1% 7 % Incapacity Claimants 320 6% 6% 12% 0.3% 8 Average Property Price £1,356,695 £1,013,579 £512,342 £2,853,307 9 % of Social Renters 1,386 23% 26% 56% 4% 10 % Long-Term Vacant Dwellings 206 3% 2% 7% 1% Housing 11 % Second Homes Located in the Area 804 14% 6% 0% 18% 12 % Living Alone 3,275 56% 45% 56% 33% 13 % of Over Crowded Households 525 9% 12% 22% 5% 14 % Households with Dependent Children 553 9% 19% 32% 9% Education 15 % Students with 5+ GCSEs A*-C in Eng & Maths 63% 68% 50% 93% 16 % in Bad Health 473 4% 6% 11% 2% 17 Male Life Expectancy (age) 84 82 74 96 Health 18 Female Life Expectancy (age) 86 86 77 97 19 Male Premature Mortality Ratio 87 87 162 32 20 Female Premature Mortality Ratio 70 78 160 42 21 % Feeling Safe in the Area in Which They Live 97% 97% 87% 100% 22 % Feel People from Different Backgrounds Get on Well 75% 85% 61% 95% Safety and Satisfaction 23 % Satisfied with the Area as a Place to Live 97% 94% 85% 100% 24 All Crime per 100 Residents 15,863 150 24 150 5 3 4. Population In April 2012, the population in West End ward reached 11,130 people. Proportion of Population by Five Year Age Groups and Gender, This accounts for 5.0% of the total Westminster population and is lower MYE ONS, 2012 than other wards. The West End population has increased by 5% since March 2011. Westminster (M) West End Westminster (F) West End Westminster saw an increase of 2%. 90 and over Compared to the Westminster average, West End has: 85 ‒ 89 o a lower proportion of people aged over 65 (11%) 80 ‒ 84 o a much higher proportion of working age adults (81%) 75 ‒ 79 70 ‒ 74 o a much lower proportion of under 16s (8%) 65 ‒ 69 Males Females The majority of residents have lived in this ward between 3-10 years 60 ‒ 64 which is higher than the Westminster average. 55 ‒ 59 50 ‒ 54 45 ‒ 49 40 ‒ 44 35 ‒ 39 30 ‒ 34 25 ‒ 29 20 ‒ 24 15 ‒ 19 10 ‒ 14 5 ‒ 9 0 ‒ 4 Length of Time Living in the Borough, City Survey 2013 10% 8% 6% 4% 2% 0% 2% 4% 6% 8% 0% 8% Less than 3 months Number of People per Age Group 24% 9% 3-12 months 5,000 2011 2012 4,017 1 to 2 years 4,000 3,829 2,829 2,659 11% 3 to 5 years 3,000 1,612 1% 2,000 1,505 6 to 10 years 1,054 1,034 518 500 392 341 309 1,000 308 201 187 123 120 91 11 to 15 years 76 17% 0 3 16 to 20 years - 15 21 35 64 17 50 84 10 - - - - - - - - 27% More than 20 years Age0 Age4 Age 11Age 18Age 22Age 51Age Age 16Age 36Age 65Age Age 85 plus85Age4 5. Ethnicity/Nationality West End is not as ethnically diverse compared to the City as a whole. The ward is ranked in the top 3.9% of England according to its Simpson Diversity Detailed Ethnic Breakdown West End Westminster Index Score (ONS 2012). Count % of ward % of WCC The main ethnic group in West End is White: British which makes up 37% of White: British 3,930 37% 35% the ward population. This is higher than the Westminster average of 35%. White: Other Western European 811 8% 7% 32% of West End residents are from non-white ethnic groups. Other: Arab 538 5% 7% The majority of residents were born outside of the UK (57%). Asian: Chinese 473 5% 3% The 3 main places outside of the UK where residents were born are: Asian: Indian 422 4% 3% o EU countries (17%) White: European Mixed 303 3% 3% o North America (6%) Black: African 267 3% 4% o Middle East (5%) White: North American 262 3% 2% Other than English (which is spoken by 77% of the ward population), the White: Italian 249 2% 2% other main languages are: White: Irish 228 2% 2% o French White: Commonwealth of (Russian) Ind. States 179 2% 1% o Italian Mixed: White and Asian 166 2% 2% o Spanish Asian: Bangladeshi 165 2% 3% o Arabic White: Australian/New Zealander 157 2% 1% o Portuguese Asian: Filipino 123 1% 1% White: Greek 103 1% 1% White: Other Eastern European 86 1% 1% 9.0 Black: Caribbean 85 1% 2% 8.0 7.0 Source: 2011 Census 6.0 5.0 4.0 3.0 2.0 1.0 0.0 … … … Simpson Simpson Diveristy Index Score Warwick Churchill West End West St James's St Hyde ParkHyde Bayswater Tachbrook Maida Vale Maida AbbeyRoad Marylebone Little VeniceLittle Westbourne Harrow Road Queen'sPark Regent's ParkRegent's ChurchStreet Knightsbridge Bryanston and LancasterGate Vincent SquareVincent 5 6. Deprivation The 2011 Census collected information to classify households by four dimensions of deprivation; Employment, Education, Health and disability, Deprivation Dimensions: Census 2011 and Household overcrowding. In West End 41% of households are not deprived in any dimension. 1% The Index of Multiple Deprivation (2010) places 100% of the ward outside West End 41% 38% 15% 5% of the top 25% most deprived areas in England. The Income Deprivation Affecting Children Index (2010) shows that, on average, 11% of children live in income deprived households. Westminster 39% 35% 17% 7% 2% Another measure of deprivation is the proportion of children who are eligible for free school meals. In 2013, in West End, 22% of children going to Westminster schools were eligible to receive free meals. 0% 25% 50% 75% 100% A measure of deprivation in older people is those claiming pension Not Deprived in Any Dimension Deprived in 1 Dimension credits. Of the residents aged 60 or over, 16% were claiming pension Deprived in 2 Dimensions Deprived in 3 Dimensions credits in August 2013. Deprived in 4 Dimensions In 2014, 34% of households in West End earned more than £55,000 a year. Household Income: CACI Paycheck, 2014 Proportion of Pupils Receiving Free School Meals West End 15% 24% 27% 34% West End Westminster 50% 40% Westminster 19% 25% 27% 34% 30% 20% 10% 0% 25% 50% 75% 100% 0% Under £20K £20-£35K £35-£55k £55k+ 2011 2012 2013 6 7. Unemployment August 2013 Worklessness In August 2013, the workless rate in West End ward was 7.9% (635 people) which is lower than the Westminster average of 8.6%. West End Westminster London England There were 320 claimants of Employment Support Allowance/Incapacity Benefit Count Rate Count Rate Rate Rate (ESA/IB) within the ward. The ESA/IB claimant rate is 5.6%, which is similar to Jobseeker's 140 1.7 3,950 2.0 3.4 3.1 the Westminster average of 5.5%. allowance The area has a lower proportion of its workless population who are lone parents ESA and IB 320 5.6 7,605 5.5 5.5 5.8 (0.3% of the working age population) compared to the rest of Westminster. Lone parents 25 0.3 1,560 0.8 1.4 1.3 In August 2013, the Job Seekers Allowance (JSA) claimant rate in West End was Other 150 0.3 3,440 0.3 0.3 0.4 1.7%. This is lower than the city rate of 2%. Out-of-Work 635 7.9 16,555 8.6 10.6 10.6 The number of JSA claimants has decreased by -7% from the previous year from Benefits 150 claimants in August 2012 to 140 in August 2013. Sources: NOMIS and DWP Job Seekers Allowance, Source: ONS Type of Benefit Claimed, August 2013 Claimant Count Claimant Rate 450 6% JSA 400 4% 3% 5% 19% 350 3% 300 4% ESA & IB 250 3% 200 150 2% 100 Lone Parents Claimant count Claimant 1% 50 Claimant rate (%) 0 0% … … … Carers Warwick Churchill Others on income related West End West St James's St Hyde ParkHyde Bayswater Tachbrook Maida Vale Maida AbbeyRoad Marylebone Little VeniceLittle 62% benefits Westbourne Harrow Road Queen'sPark Regent's ParkRegent's ChurchStreet Knightsbridge Bryanston and LancasterGate Vincent SquareVincent 7 8.
Recommended publications
  • Rare Long-Let Freehold Investment Opportunity INVESTMENT SUMMARY
    26 DEAN STREET LONDON W1 Rare Long-Let Freehold Investment Opportunity INVESTMENT SUMMARY • Freehold. • Prominently positioned restaurant and ancillary building fronting Dean Street, one of Soho’s premier addresses. • Soho is renowned for being London’s most vibrant and dynamic sub-market in the West End due to its unrivalled amenity provisions and evolutionary nature. • Restaurant and ancillary accommodation totalling 2,325 sq ft (216.1 sq m) arranged over basement, ground and three uppers floors. • Single let to Leoni’s Quo Vadis Limited until 25 December 2034 (14.1 years to expiry). • Home to Quo Vadis, a historic Soho private members club and restaurant, founded almost a 100 years ago. • Restaurant t/a Barrafina’s flagship London restaurant, which has retained its Michelin star since awarded in 2013. • Total passing rent £77,100 per annum, which reflects an average rent of £33.16 per sq ft. • Next open market rent review December 2020. • No VAT applicable. Offers are invited in excess of £2,325,000 (Two Million Three Hundred and Twenty-Five Thousand Pounds), subject to contract. Pricing at this level reflects a net initial yield of 3.12% (after allowing for purchaser’s costs of 6.35%) and a capital value of £1,000 per sq ft. Canary Wharf The Shard The City London Eye South Bank Covent Garden Charing Cross Holborn Trafalgar Square Leicester Square Tottenham Court Road 26 DEAN Leicester Square STREET Soho Square Gardens Tottenham Court Road Western Ticket Hall Oxford Street London West End LOCATION & SITUATION Soho has long cemented its reputation as the excellent.
    [Show full text]
  • Unlocking Potential
    Annual Report 2011 Great Portland Estates Estates Portland Great www.gpe.co.uk Great Portland Estates plc Unlocking 33 Cavendish Square London W1G 0PW Tel: 020 7647 3000 potential Fax: 020 7016 5500 2011 Report Annual Look inside: Well timed acquisitions offering future growth Working with existing tenants to support their expansion Delivering a significant pipeline of quality development projects Welcome to our 2011 annual report. Great Portland Estates is a central London property investment and development company owning over £1.6 billion of real estate. Our strategy is simple – to generate superior portfolio and shareholder returns from a combination of our active asset management, development and investment management skills. We aim to maximise equity returns through the effective reading of the property cycle in a focused market that we know well. Since our May 2009 rights issue, we have capitalised on market conditions, investing the proceeds more than twice over, and we have embarked on a development programme designed to deliver high quality space into a market where supply is forecast to be scarce. The financial results demonstrate the quality of the portfolio and the dedication of our team – adjusted net assets per share up 27.2%, underlying capital return of 15.5% and, with gearing low at 31.4%, we are well placed to deliver our development plans and to take advantage of opportunities as they arise. Martin Scicluna Chairman Design and production: FSC® – Forest Stewardship Council. This is a CarbonNeutral® Publication. Radley Yeldar | ry.com This ensures there is an audited chain of custody from the tree in The CO2 emissions associated with Print: the well-managed forest through to the the production and distribution of our The Midas Press Ltd finished document in the printing factory.
    [Show full text]
  • Brutalism, Masterplans and Swinging London: Piccadilly Circus Reimagined 1957-1973
    Brutalism, masterplans and Swinging London: Piccadilly Circus reimagined 1957-1973 David Gilbert Professor of Urban and Historical Geography Royal Holloway, University of London Bronwen Edwards Senior Lecturer in Built Environment Leeds Metropolitan University ESRC-AHRC Cultures of Consumption programme Shopping Routes: Networks of Fashion Consumption in London’s West End 1945-79 Department of Geography, Royal Holloway London College of Fashion, University of the Arts London Victoria and Albert Museum ‘Every decade has its city. During the shell-shocked 1940s thrusting New York led the way, and in the uneasy 50s it was the easy Rome of La Dolce Vita. Today it is London, a city steeped in tradition, seized by change, liberated by affluence … . In a decade dominated by youth, London has burst into bloom. It swings, it is the scene’ (Time April 15 1966: 32). Piazzadilly! Proposals for Piccadilly Circus: 1957-1974 • March 1957 LCC gave general approval to Monico proposals • October 1958 redevelopment plan for Piccadilly Circus by LCC • May 1960 Public Inquiry refused Monico Application • 1961, 1962, 1966 William Holford Plans • 1968 Westminster City Council and GLC issued new overall brief for developers in Piccadilly Circus. Public exhibition July 1968 • November 1968. Covent Garden Area Draft Plan GLC, City of Westminster and London Borough of Camden • March 1971 Publication of Westminster’s Aid to Pedestrian Movement proposals • 1972 Westminster City Council proposals • 1974 GLC announces policy of ‘least change’ • 1984 ‘Cosmetic’ urban improvements to traffic flow, street furniture etc. • Punch cartoon • ‘Chewing Gum House’. The furore over developer Jack Cotton’s 1950s plans. • ‘Colossal possibilities, demanding faith’: the metropolitan fantasies of comprehensive development.
    [Show full text]
  • Cultural Heart of London: the Economic Benefits of the West End
    cultural heart of london The economic benefits of the West End and Heart of London Arts and Culture sector to the wider economy and the case for Covid-19 support October 2020 Important note This report was written during the summer of 2020, In addition we would like to stress that the scenario- in a period when the West End was recovering as the based, high level estimates of potential economic original Covid-19 restrictions were being slowly eased. impacts of the pandemic and resulting restrictions have As such, the analysis and the recommendations pre- been prepared based on a specific set of assumptions date the further restrictions on social gatherings and and for illustrative purposes only. They should not be workplaces that were put into place in September 2020. used for any reason other than reflection on the scale of challenges faced by the arts and culture sector in the Given the wider uncertainties on the spread of the West End. virus, and the range of scenarios that we investigated, it is our view that the analysis and conclusions of this Ove Arup and Partners report remain broadly valid in the light of the emerging September 2020 restrictions that are being put in place to mitigate a second wave. However, the authors would like to emphasise that recommendations that would encourage more workers and visitors to the Heart of London area should only be undertaken once it is safe and acceptable to do so, and in-line with contemporary government guidelines. Cover picture is owned by the London & Partners, Visit London 2 ForewordForeword The core of London’s West End has never faced Most obviously, if West End audiences do not return it a threat like the current one.
    [Show full text]
  • Charlotte Street Fitzrovia W1
    CHARLOTTE STREET FITZROVIA W1 PRIME WEST END FREEHOLD INVESTMENT 02 | 03 Exceptional mixed-use asset in the heart of London’s West End Executive Summary • Freehold • Super prime position on Charlotte Street, Fitzrovia’s most sought-after corporate and leisure address • Excellent transport connectivity, within 500m of imminent Crossrail services at Tottenham Court Road • Prominent corner building comprising 16,749 sq ft of Grade A offices and 7,867 sq ft of prime restaurant accommodation • Fully let to one office tenant and two restaurants for a weighted unexpired term of 10.2 years • The office element (73% of income) is let on an unprotected lease to Knotel until October 2029, at a reversionary rent of £75 per sq ft • The offices benefit from exceptional natural light, efficient floorplate configuration and outdoor terracing on first and fifth floors • The prominent restaurant units (27% of income) are occupied by ‘1947 London’ and ‘Six by Nico’ until June 2027 and June 2037 respectively • Offers are invited in excess of £36,500,000, subject to contract and exclusive of VAT • This reflects a net initial yield of 4.43%, assuming full purchaser’s costs, and a capital value of £1,483 per sq ft 33-41 CHARLOTTE STREET | FITZROVIA W1 04 | 05 hyde park mayfair st james’s bond street SOHO Oxford Circus marylebone COVENT GARDEN TOTTENHAM COURT ROAD TOTTENHAM COURT ROAD FITZROVIA GOODGE STREET bloomsbury 33-41 CHARLOTTE STREET | FITZROVIA W1 06 | 07 Charlotte Street The property is prominently located in the heart of London’s West End, within the energetic and characterful submarket of Fitzrovia.
    [Show full text]
  • West End Partnership (2581).Pdf
    West End Partnership Draft Replacement London Plan (DRLP) Representations This consultation response reflects the areas of shared interest identified by the West End Partnership. Member organisations of the West End Partnership have also provided their own responses to the consultation. Introduction 1. Over the past five years, extensive work has been undertaken by Westminster City Council, the London Borough of Camden, the GLA family, local residents, London First, the WPA, the West End BIDS and other key stakeholders, to explore the potential of the West End and to ensure that this area’s unique character continues to be actively promoted and enhanced. This has led to the formation of the West End Partnership (WEP)1 and a long term Vision 2015-2030 for the West End.2 2. The Vision 2015-2030 reflects twin goals. The first is to maintain good growth and to harness the benefits that good growth can bring and the second is to maintain and enhance its mixed commercial, cultural and residential character. A series of principles has been established as to how the West End should evolve over the period to 2030 – see Appendix 1. These are closely aligned with the Mayor’s six Good Growth policies. 3. Whilst welcoming the Mayor’s publication of the DRLP and the opportunity to comment on the consultation draft, the Partnership has a general concern that the DRLP is not a strategic document and strays into too much detail. Such detail is best addressed at the local level through the respective local and neighbourhood plans. If the proposed level of detail is to be retained then the Partnership suggests some changes as set out below.
    [Show full text]
  • The West End Developing Westminster’S Local Plan
    THE WEST END DEVELOPING WESTMINSTER’S LOCAL PLAN Booklet No. 19 Westminster’s City Plan Revision December 2014 FOREWORD CLLR ROBERT DAVIS In 2012, Westminster City Council convened the independent West End Commission to review, explore and set out recommendations for the continued and future success of the West End of London. The Commission reported in early 2013, and a partnership of local and regional agencies and business and resident stakeholders has been formed to address the challenges raised and deliver change . Conceived as the starting point for our response to the strategic issues and opportunities highlighted by the West End Commission, this booklet differs from others in this series as it brings forward fresh thinking around our approach to the West End and invites an open and forward-thinking debate around its future. The West End is incredibly successful, but we must work to ensure it remains one of the greatest places in the world for culture, entertainment, shopping, eating out, working and living. The West End is made up of distinctive and unique places, borne out of their layers of history: it is that eclectic mix and small-scale reinvention which makes the West End the destination of choice. We need to plan proactively to meet the West End’s challenges: bringing forward more floorspace to meet the demands for housing and a whole range of businesses through sensitive development; providing the infrastructure and networks needed in the 21st century; and managing the pressures generated by success to enable the West End to function properly. A strong West End economy will support a strong London, and UK economy.
    [Show full text]
  • West End Ward Profile 2018
    West End Ward Profile 2018 For further information about the Ward Profiles please contact the Evaluation and Performance Team within Westminster’s Policy, Performance and Communications directorate: [email protected] Ward Profile Introduction Ward Features Content About Westminster’s Ward Profiles The world-famous West End is known 1. Ward Profile Introduction as the Theatre District and is home to 2. Ward Map The Ward Profiles seek to situate the unique local many of the leading performing arts 3. Summary of Key Statistics characteristics, as well as opportunities and businesses. Soho and its adjoining 4. Population challenges facing, each ward in the borough of areas house a concentration of media 5. Diversity Westminster. By harnessing the latest data available and creative companies, whilst Oxford 6. Deprivation detailing a wide variety of urban issues, local Street is one of the leading shopping 7. Benefit Claimants pictures of each ward are drawn. To offer further destinations in the world. 8. Vulnerable Families & Children context, local area (LSOA), borough and in some 9. Vulnerable Older People instances city comparisons are offered. Mayfair, to the west of the ward, has 10. Local Economy London's largest concentration of 11. Economically Active Given the breadth of data sets included in this luxury hotels and many restaurants. 12. Housing & Affordability document, the dates of the information used vary Rents are among the highest in 13. Household Composition significantly, ranging from 2010 to November 2017. London and the world. 14. Education & Schools 15. Transport, Travel & Visitors 16. Environmental Health 17. Health, Care & Wellbeing 18. Crime, Disorder & Safety Councillors 19.
    [Show full text]
  • Working Paper a Retail in the West End March 2005 Copyright
    Retail in London: Working Paper A Retail in the West End March 2005 copyright Greater London Authority March 2005 Published by Greater London Authority City Hall The Queen’s Walk London SE1 2AA www.london.gov.uk enquiries 020 7983 4000 minicom 020 7983 4458 ISBN 1 85261 712 8 Cover photographs © Visit London. Licence expiry date March 2008. This publication is printed on recycled paper. For more information about this publication, please contact: GLA Economics telephone 020 7983 4922 email [email protected] GLA Economics provides expert advice and analysis on London’s economy and the economic issues facing the capital. Data and analysis from GLA Economics forms a basis for the policy and investment decisions facing the Mayor of London and the GLA group. The unit is funded by the Greater London Authority, Transport for London and the London Development Agency. GLA Economics uses a wide range of information and data sourced from third party suppliers within its analysis and reports. GLA Economics cannot be held responsible for the accuracy or timeliness of this information and data. GLA Economics, the GLA, LDA and TfL will not be liable for any losses suffered or liabilities incurred by a party as a result of that party relying in any way on the information contained in this report. Retail in the West End Contents Contents...........................................................................................................................i Executive Summary........................................................................................................
    [Show full text]
  • Delivering Our New West
    Delivering our New West End PROGRESS ON OUR 2020 VISION The Power of Partnership New West End Company is a global business partnership of 600 retail, restaurant, hotel and property owners across 74 streets in the world’s top shopping and leisure destination anchored by Bond Street, Oxford Street and Regent Street. We work in partnership delivering transformational projects, sustainable place management, destination marketing, advocacy, inward investment and commercial insights. We are an influential business voice, active in our wider community and a key partner in delivering a new West End. www.newwestend.com 04 DELIVERING OUR NEW WEST END PROGRESS ON OUR 2020 VISION 05 DELIVERING OUR NEW WEST END PROGRESS ON OUR 2020 VISION The West End is the engine room of the national economy London’s West End makes a huge contribution to our city’s and home to one of the finest retail offers in the world. economy and New West End Company is to be commended As custodians of this unique global centre, Westminster City for the fantastic job it has done in supporting the area’s “ Council is wholly committed to working with our partners “ to maintain and enhance the West End’s standing. businesses and attracting visitors from around the world. Through our work with equally dedicated stakeholders such I am committed to doing all I can to help this exciting and as New West End Company, the West End Partnership vibrant area of London continue to thrive. continues to make great strides in delivering a coordinated Sadiq Khan vision for the area which builds on both the energy and Mayor of London expertise of its members.
    [Show full text]
  • Great Portland Street
    14/16 GREAT PORTLAND STREET GREAT PORTLAND STREET LONDON W1 1 14/16 GREAT PORTLAND STREET 14/16 GREAT PORTLAND STREET Prime freehold mixed use asset Investment with development potential. summary Prominently located on Great Portland Street with dual frontage to Market Place/Margaret Court just 300 ft from Oxford Street, Europe’s busiest retail street. Attractive mixed use retail and office building. 13,042 sq ft (1,211.59 sq m) NIA and 17,715 sq ft (1,645.63 sq m) GIA arranged over lower ground, ground and 5 upper floors. Freehold. Multi-let with vacant possession of the offices in January 2017 and the whole by June 2017. Range of asset management, refurbishment and development opportunities. Suitable for owner occupiers. Full planning permission to reposition the property as a Grade A office and retail building with extended areas and improved amenities. The consented scheme will deliver a total of 5,167 sq ft of A1 retail and 11,044 sq ft of B1 offices with 1,227 sq ft of terracing across multiple floors. Prime office ERVs are c.£85 psf. Further potential to convert part of the A1 retail unit to valuable A3 restaurant use (STPP). Price - £21,000,000. Capital value: £1,295 psf on the consented NIA. 2 3 14/16 GREAT PORTLAND STREET 14/16 GREAT PORTLAND STREET Carnaby Street Soho Noho Oxford Street Market Place Margaret Street Oxford Circus Great Portland Street Regent Street Mayfair 4 5 14/16 GREAT PORTLAND STREET 14/16 GREAT PORTLAND STREET Location The area is brimming with restaurants, designer hotels Prominently located on Great and luxury boutiques and whilst traditionally associated Portland Street with dual with the fashion industry, Noho has recently become heavily associated with the TMT sector attracting office frontage to Market Place/ occupiers including Sony, Facebook, MTV, Lionsgate Margaret Court just 300 ft Films and The British Film Industry.
    [Show full text]
  • Press Release Beauchamp Estates and Hanover Join Forces to Create
    Press Release London, 25th August 2017 Beauchamp Estates and Hanover Join Forces To Create London’s Premier Bespoke, Premium, Property Agency. London’s premier luxury, ultra-prime estate agent and number one fee earner, Beauchamp Estates, has today announced that it has joined forces with luxury boutique estate agent Hanover West End. The Marylebone Office of Hanover will now become Beauchamp Estates Marylebone and the fourth London location for Beauchamp Estates. Alex Bourne and Richard Douglas of Hanover will be Directors of Beauchamp Estates Marylebone. This new venture will lead to coverage for buyers and sellers across prime central London. Beauchamp Estates Marylebone has been created through merging with Hanover West End, led by Directors Alex Bourne and Richard Douglas. Bourne and Douglas will stay on as part of the senior management team of Beauchamp Estates Marylebone and will retain the current Hanover West End team. The Marylebone office will focus on Marylebone, Fitzrovia, Hyde Park Estate, Kings Cross/St Pancras and Paddington and will be Beauchamp Estates’ fourth London location, after Beauchamp Estates Mayfair Head Office, Beauchamp Estates St John’s Wood office and Beauchamp Estates Private Office, and its sixth office after international locations in France (Cannes), Italy (Florence) and Greece (Mykonos). Beauchamp Estates, led by Founder and Managing Director Gary Hersham, Property Week’s current number one UK agent, has an unparalleled reputation and record in the premium residential property market. Over the last forty years Hersham has grown Beauchamp Estates into one of the leading and most widely respected property and real estate agency businesses for luxury property.
    [Show full text]