This document summarizes a prime shop lease for sale located at 12 Oxford Street in London. The property is situated next to major retailers in a highly trafficked area near the proposed upgraded Tottenham Court Road Crossrail station. The lease offers over 1,000 square feet of retail space across five floors, with the ground floor being the largest, and is held until September 2018 with one rent review in 2013. The annual rent is £98,500 and substantial premium offers are invited for the valuable leasehold interest.
1. 020 7493 9911
15 Bolton Street, Mayfair, London, W1J 8BG
w: www.ianscott.com
PRIME SHOP LEASE
FOR
SALE
12 OXFORD STREET
LONDON, W1
Location:
The property is situated in an excellent position, next to Primark and McDonalds. Directly opposite is
the proposed Crossrail Station for Tottenham Court Road which will be fully upgraded in 2016. Nearby
occupiers will include Carphone Warehouse, Blue Inc, Zara, Office Shoes and Swatch.
Accommodation: The arrangement is as follows:
Net frontage
Ground Floor
Basement
First Floor
Second Floor
Third Floor
15 ft 1 ins
340 sq ft
336 sq ft
203 sq ft
185 sq ft
180 sq ft
4.6 m
31.6 sq m
31.2 sq m
18.9 sq m
17.2 sq m
16.7 sq m
Lease:
The property is held on a full repairing and insuring lease for a term to expire September 2018. There is
one further rent review dated September 2013.
Rent:
£98,500 per annum, exclusive of rates, service charge and VAT.
Premium:
Substantial premium offers are invited for our client’s valuable leasehold interest and fixtures and fittings.
Rates:
Rateable Value (2012/2013):
Rates Payable:
Legal Costs:
Each party to bear their own costs incurred in connection with this transaction.
Possession:
Upon completion.
Viewing:
Strictly by prior appointment through the Landlord’s sole agents.
Nick Scott
Ian Scott International
nickscott@ianscott.com
£280,000
£131,880
Richard Hicks
Ian Scott International
richardhicks@ianscott.com
SUBJECT TO CONTRACT
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