Freehold Retail Parade, 228-234a Shaftesbury Avenue, London, WC2H 8EG
Size
2,832
Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Frontage
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No floor / site plan
Key features
- 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: ÂŁ3,500,000, 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.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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Brochure
Freehold Retail Parade, 228-234a Shaftesbury Avenue, London, WC2H 8EG
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Disclaimer - Property reference 352705-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Robert Irving Burns Limited , Robert Irving Burns. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.