100 New Oxford St | London WC1A 1HB
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100 New Oxford St
London WC1A 1HB
Office Property For Sale
INVESTMENT HIGHLIGHTS
- An iconic, prime, mixed-use property of 109,826 sq ft (NIA), providing high volume office space above retail and restaurant units at ground floor and
- 23,278 sq ft of prime retail and leisure accommodation across a 90 metre frontage.
- 83,894 sq ft of office accommodation arranged across six upper floors, benefitting from newly refurbished reception and end-of-trip facilities.
EXECUTIVE SUMMARY
Seeking offers in excess of £140 million for 100% of the issued share capital in 100 NOX S.à.r.l. which holds the freehold interest. An acquisition at this level would reflect a net initial yield of 5.53% (assuming purchasers costs of 1.80%) and a capital value of £1,275 per sq ft. Subject to contract.
Diverse multi-let income, producing a total income of £7,884,136 per annum.
Highly reversionary average office passing rent of only £77.50 psf – over 40% discount to prime West End office rents of £130.00 psf.
Diverse multi-let income, producing a total income of £7,884,136 per annum.
Highly reversionary average office passing rent of only £77.50 psf – over 40% discount to prime West End office rents of £130.00 psf.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
107,236 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1931/2015
Price
£140,000,000
Price Per SF
£1,306
Net Initial Yield
5.53%
NOI
£7,742,000
Percent Leased
78%
Tenancy
Multiple
Number of Floors
8
Typical Floor Size
13,728 SF
Building FAR
5.02
Lot Size
0.49 AC
AMENITIES
- Reception
- Air Conditioning
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