This prominent Freehold mixed-use building occupies a high-profile corner site in the heart of London’s Oxford Street, comprising approximately 26,000 sq ft of retail and office accommodation.

The property features two well-configured retail units with return frontage to Harewood Place, along with modern, self-contained office space across the second to fifth floors, accessed via Harewood Place. The retail units are let to McDonald’s and EE, with McDonald’s representing 48% of the total income on a long lease until 2038, and EE contributing 28% with a lease expiring in July 2027.

The upper floors offer value-add potential, with the 2nd and 3rd floors currently vacant and the 4th and 5th floors let to Clearbell Capital and Lee Hecht Harrison. This presents an opportunity to refurbish the vacant offices and upgrade the reception and common parts to increase the current office rent above the passing level of £68 psf.

The successful execution of the deal was supported by a collaborative approach from Hanover Green’s specialist teams. The Retail and Lease Advisory teams provided key advice on the McDonald’s rent review and the upcoming EE lease expiry, while the Office Leasing team advised on the vacant space, helping to assess its potential and shape the asset’s future performance.