Map
Area statsRetail property (high street) for sale
Freehold Retail Parade, 228-234a Shaftesbury Avenue, London, WC2H 8EG
Retail property (high street)
2832
Features and description
- A rare opportunity to acquire five well located Commercial E Class units in prime Central London in close proximity to British Museum, SOAS University of London and the British Library.
- High-profile corner position situated in a prime Central London, appealing to occupiers seeking strong footfall, visibility and proximity to London’s entertainment and business districts
- Excellent public transport connectivity, within easy walking distance of Tottenham Court Road and Holborn Underground Stations.
- Multi-let to 5 tenants producing a total current income of £215,700 pa with scope to improve rents at the next review’s 2029 and 2030. The upper floors have been sold off on long leases.
- Comprising total NIA of 2,832 sq ft (263 sq m) Class E retail accommodation arranged over ground and lower ground floors.
- Price: £3,500,000, for the Freehold interest, subject to contract reflects a net initial yield of 5.8%.
Description
The property comprises a six-storey mixed-use building, typical of Shaftesbury Avenue’s architectural style, and benefits from a prominent street presence with excellent visibility due to high pedestrian and vehicular footfall. Arranged as five retail units across the lower ground and ground floors, providing a total of 2,823 sq ft NIA (3,610 sq ft GIA) of Class E accommodation.
The upper floors, which have been sold off on long leases, comprise residential accommodation. In addition, a selfcontained Class E unit fronting Grape Street has also been sold off.
Location
Positioned just a short walk from Tottenham Court Road Station (serving the Central, Northern, and Elizabeth Lines) and Holborn Station (Central and Piccadilly Lines), the property offers outstanding transport links. The area has undergone
extensive infrastructure upgrades, most notably with the opening of the Elizabeth Line and the redevelopment of Tottenham Court Road station, further enhancing accessibility and footfall.
This vibrant and diverse area is home to a wide array of retail, dining, and lifestyle amenities, including Costa Coffee, Pret A Manger, James Smith & Sons Umbrella Shop, and McCann Bespoke Tailoring. Nearby Museum Street provides a charming mix of independent cafés, restaurants, and boutique retailers.
The property comprises a six-storey mixed-use building, typical of Shaftesbury Avenue’s architectural style, and benefits from a prominent street presence with excellent visibility due to high pedestrian and vehicular footfall. Arranged as five retail units across the lower ground and ground floors, providing a total of 2,823 sq ft NIA (3,610 sq ft GIA) of Class E accommodation.
The upper floors, which have been sold off on long leases, comprise residential accommodation. In addition, a selfcontained Class E unit fronting Grape Street has also been sold off.
Location
Positioned just a short walk from Tottenham Court Road Station (serving the Central, Northern, and Elizabeth Lines) and Holborn Station (Central and Piccadilly Lines), the property offers outstanding transport links. The area has undergone
extensive infrastructure upgrades, most notably with the opening of the Elizabeth Line and the redevelopment of Tottenham Court Road station, further enhancing accessibility and footfall.
This vibrant and diverse area is home to a wide array of retail, dining, and lifestyle amenities, including Costa Coffee, Pret A Manger, James Smith & Sons Umbrella Shop, and McCann Bespoke Tailoring. Nearby Museum Street provides a charming mix of independent cafés, restaurants, and boutique retailers.
Property information from this agent
Area statistics
Crime score
High crime
10/10
About this agent
Robert Irving Burns - Commercial
Robert Irving Burns, Ground Floor,
19 Margaret Street, London,
W1W 8RR
020 8033 7560Commercial Property Agents in London Whether you want to lease your commercial property, or find the right premises to rent, we can help. RIB’s industry insight and expertise guarantee a smooth, seamless process; from marketing and letting, to acquiring the ideal property. Our commercial letting services include both property disposal and property acquisition. We also have a wide selection of London offices, which are available to rent. We work with investors, developers, tenants and property owners alike, assisting with everything from finding great premises, to marketing and letting the property to the ideal business. Commercial property disposal in London can be complex, and finding a suitable tenant is always a top priority. We help with every aspect of this process, including marketing, negotiations, and liaising with solicitors and professional advisors. Our commercial property acquisition service helps tenants find the perfect place to run their business. From negotiating contracts to carrying out an audit of available properties, our team are here to offer support and guidance. And, if you’re searching for offices to rent in London, in areas such as Fitzrovia, Mayfair, Marylebone and Soho, we’ve got some excellent premises for you to choose from. Read on to find out how we can help you.