First new build investment opportunity on Oxford Street West for over 20 years hits market
Hines has placed the first new build investment opportunity on London’s Oxford Street West for over 20 years on the market, with an asking price of £43,750,000.
Sitting across from Bond Street Crossrail Station, Oxbourne House is a mixed-use asset comprising 5,228 sq ft of prime retail space and 7,669 sq ft of residential accommodation.
The retail unit is arranged across the lower ground, ground, and first floors, and is currently let to fashion brand Manière De Voir until 2033 at a rent of £1.45m per annum.
The residential section comprises 11 purpose-built apartments across four floors, with a current passing rent of £567,840 per annum.
Oxbourne House was newly-developed by Hines in 2021, with the design prioritising long-term environmental sustainability and energy-use optimisation. The building is all-electric and achieved a commercial EPC rating of ‘B’.
Savills and Knight Frank have been appointed to market the property.