105-109 Oxford Street, London W1

105-109 Oxford Street, London W1

• Cyril Leonard advised a private syndicate on the acquisition of 105-109 Oxford Street for £18.5m.
• The property last changed hands in 2015, when DTZ Investors sold it for £42.5m to Thor Equities.
• At the time, the net initial yield was just 2.5%, whereas the latest deal reflects a yield of around 6%.
• Let to Tiger Tiger and Harmony, the shops currently provide a rental income of £1.075m. This is down from £1.28m when Thor bought the property as the rents were rebased during the pandemic.
• The property is located on the eastern side of Oxford Street, which has benefited from various new developments as well as the opening of the Elizabeth Line. This has helped spur increased demand from retailers, which have also been attracted by lower rents and business rates.

Who to Contact

Mark Harrison

Senior Director