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Unit 10 Park House Oxford Street, Greater London, W1C 2AU

£ 360,000 pa / 1,539 sq ft
Unit 10 Park House, London - Picture 2018-09-20-16-13-48
Use Class

Use Class

E(a)

Size

Size

1,539 sq ft

Rent pa

Rent pa

£360,000

Park House is a 320,000 sq ft office, residential and retail development in the heart of West End. With 165,000 sq ft of office space over seven floors, 93,000 sq ft of retail space occupied by nine flagship brands and 39 luxury residential apartments.

Oxford Street has approximately 200 million annual visitors. The premises occupy ground and mezzanine floors with double height frontage within the modern landmark Park House building in the heart of the West End and opposite Selfridges. International brands occupying the retail units include: Zara, Swarovski, Folli Follie, Links of London, Urban Outfitters, Bershka, Pandora and River Island Its close proximity to Bond Street Station’s imminent Crossrail line makes it a highly attractive for international businesses.

Key Information

Viewing

Strictly by appointment. Staff are unaware.

Legal

Each party to meet their own reasonable legal costs and other professional fees.

Accommodation

1,539 Sq.Ft

Areas
Sq.Ft
Sq.M
Ground Floor
689
64
Mezzanine Office/Sales
850
79

Financial

Lease Term

The premises are held under a 10 year lease from 24th June 2016 expiring 23th June 2026 and is available by way of assignment or sub-lease. Current break clause date is 24 June 2022 subject to not less than 6 months written notice and a break clause ‘penalty’ of 6 months rent.

Rent

Rent will be reviewed on 24 June 2021. It will be increased to the higher of either passing rent, open market rent or Consumer Price Index (CPI) Inflation.

Rates

Rates payable based on the multiplier of 0.479 is £191,600 less transitional relief and Crossrail Supplement = £175,838

Costs

VAT will be charged on all outgoings.

Service charge

Estimated to be in the region of £10,000 per annum. Further details on request.

Sustainability

EPC: Available on request.

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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This was last updated on 18/01/2022