An Oxford Street property poised to benefit from a 36m footfall via Crossrail has been put up for sale.
CBRE and Ian Scott International have been instructed to sell 5,700 sq ft 155-157 Oxford Street, W1.
Offers in excess of £18.5m are sought by the private landlord, reflecting a 2.35% net initial yield.
The building to the east of Oxford Circus is let to phone company EE at a rent of £460,000 pa until 2029. The rent, which equates to £400 per sq ft zone A, is expected to rise to £480 per sq ft at the next rent review.
The property is located 150 metres from the new Crossrail Dean Street ticket office.
