london - savills
TRANSCRIPT
GLOBAL FLAGSHIP STORE
214 OXFORD STREETLONDON
ICONIC OXFORD CIRCUS BUILDING 137,500 SQ FT OVER EIGHT FLOORS
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AN ICONIC FLAGSHIP STOREAT THE EPICENTRE OF OXFORD STREET SURROUNDED BY A NEW GENERATION OF BRANDS WITH OVER 200 MILLION VISITORS EVERY YEAR
BE THE FUTURE OF GLOBAL RETAIL AND CULTURAL DESTINATIONTHIS ICONIC FLAGSHIP STORE HAS HELD A MECCA-LIKE STATUS FOR FASHION CONSUMERS SINCE OPENING ITS DOORS AS TOPSHOP IN 1994
Positioned at the epicentre of UK fashion, and one of the most popular shopping destinations in the world, the store sits on Oxford Circus, home to one of Europe’s busiest diagonal crossings connecting Regent Street & Oxford Street.
The extensive 8 floor, 137,500 sq ft flagship store previously attracted an average of 28,000 customers per day. It is classed as one of London’s most popular destinations.
BOND STREET
OXFORD CIRCUS
214 OXFORD STREET
TOTTENHAM COURT ROAD1
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8
MARBLE ARCH
KEY FLAGSHIPS AND BRANDSPOSITIONED AT THE EPICENTRE OF UK FASHION IN A GLOBAL SHOPPING DESTINATION
This iconic flagship location is positioned at the epicentre of the West End amongst an array of internationally renowned brands. Microsoft and Nike front Oxford Circus whilst Facebook, Google, Netflix and NBC Universal have offices in the immediate vicinity.
KEY OFFICE OCCUPIERS
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A leading retail destination with
200mvisitors a year
THE PROPERTY IS POSITIONED AT THE HEART OF UK RETAIL ON OXFORD STREET WHICH IS THE PRIMARY INTERSECTION BETWEEN SOHO, MAYFAIR, MARYLEBONE AND FITZROVIA
One of only four Microsoft experience centres in the world occupies the south western corner of Oxford Circus whilst the subject property occupies the North Eastern corner. Within the property lies Nike Town, the largest sports clothing and footwear store in Europe. Apple, John Lewis, H&M and Next all have their UK flagship stores in close proximity.
The property benefits from a quadruple window frontage directly onto Oxford Street, Europe’s busiest shopping destination with over 200 million annual footfall. Additional access points into the existing demise are located on Regent Street and Great Portland Street. Escalator, lift and stairwell access throughout the property enable seamless trading from basement through to the upper floors.
A GLOBAL DESTINATION
One of London’s largest employment centres,
employing around
155,000people within the Oxford
Street District
West End sales to reach
£13.2bnby 2022
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RUSSELL SQUARE
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STORE STREET
BEDFORDSQUARE
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DENMARK STREET
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TOTTENHAM COURT ROAD
TOTTENHAM COURT ROAD(Dean Street Entrance)
OXFORD CIRCUS
BOND STREET
CONTINUED INVESTMENT IN THE OXFORD STREET DISTRICTAN INNOVATIVE TRANSFORMATION PLAN SET OUT BY THE CITY OF WESTMINSTER WILL SEE AN INVESTMENT OF ONE HUNDRED AND FIFTY MILLION POUND IN THE OXFORD STREET DISTRICT, REINVENTING THIS WORLD-CLASS SHOPPING DESTINATION
With such huge investment to further strengthen the district’s position as a global model, the district will become smarter and more sustainable from the extensive enhancement to public realm works, flexibility of uses, infrastructure improvements and the large reduction of traffic on the street. Ultimately creating an unrivalled visitor experience.
Fully pedestrianised piazza Widened pavements and reduced vehicle movement Improved street design
£2.9bninvestment in The West End
£150mpublic realm
enhancements
district wide Wi-Fi
£4.0bnboost in customer
spend
creating a zero emissions transport
zone
Crossrail will bring an additional 60m visitors
upon completion
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RUSSELL SQUARE
BEDFORD AVENUE
BAYLEY STREET
STORE STREET
BEDFORDSQUARE
SOHOSQUARE
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DENMARK STREET
MAPLE STREET
GOODGE STREET
TOTTENHAM COURT ROAD
TOTTENHAM COURT ROAD(Dean Street Entrance)
BOND STREET
OXFORD CIRCUS
214 OXFORD
STREET
The property is located inside the pedestrianised
Oxford Circus piazza
OXFORD STREET
GREAT CASTLE STREET
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THE OPPORTUNITY
BASEMENT 239,834 SQ FT
THE PROPERTY IS AVAILABLE TO LET AS A WHOLE IN EXCESS OF 137,500 SQ FT OR CAN BE SPLIT WITH VARIOUS PERMUTATIONS INCLUDING RETAIL, LEISURE, FOOD AND BEVERAGE OR OFFICE USES
FLOOR SQ FT SQ M Basement Floor 2 39,834 3,701
Basement Floor 1 38,922 3,616
Ground Floor 11,970 1,112
First Floor 13,108 1,218
Second Floor 14,133 1,313
Third Floor 7,153 665
Fourth Floor 4,946 460
Fourth Floor Mezz 7,441 691
TOTAL 137,507 12,776
Shopfront, escalators, lifts and sales staircase remain in situ with a number of other beneficial capex savings from the existing fit out.
TERMSTerms and further detail are available on request.
RATES PAYABLEInformation available on application.
TAKE A TOUR OF THE BASEMENT
FLOORS
OXFORD STREET
GREAT CASTLE STREET
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Not to scale. For indicative purposes only.
BASEMENT 138,922 SQ FT
THE OPPORTUNITYTHE OPPORTUNITY
GROUND FLOOR11,970 SQ FT
FIRST FLOOR13,108 SQ FT
GREAT CASTLE STREET
OXFORD STREET
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Not to scale. For indicative purposes only.
GREAT CASTLE STREET
OXFORD STREET
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SECOND FLOOR14,133 SQ FT
TAKE A TOUR OF THE UPPER
FLOORS
THE OPPORTUNITYTHE OPPORTUNITY
THIRD FLOOR7,153 SQ FT
FOURTH FLOOR4,946 SQ FT
GREAT CASTLE STREET
OXFORD STREET
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GREAT CASTLE STREET
OXFORD STREET
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FOURTH FLOOR MEZZ7,441 SQ FT
TAKE A TOUR OF THE UPPER
FLOORS
Important Notice
This brochure has been produced on the on the instruction of the Joint Administrators of Redcastle (214 Oxford Street) Limited, Edward George Boyle and Stephen John Absolom. The affairs, business and property of the Company are being managed by the Joint Administrators and the Joint Administrators are authorised to act as insolvency practitioners by the Institute of Chartered Accountants in England & Wales. The Joint Administrators act as agents of the Company and contract without personal liability.
Savills and any joint agents give notice that:
1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Designed and produced by Savills Marketing: 020 7499 8644 March 2021
CONTACT
+44 (0) 7764 348 689
Alan [email protected]
+44 (0) 7967 697 905
Cameron [email protected]
+44 (0) 7870 555 982