Two linked mixed-use long leasehold opportunities

The properties, which are connected and back onto each other, are located to the north-west of Oxford Circus (less than 100m away) and south-east of Cavendish Square. Two mixed-use and linked buildings extending to a total of 18,312 sq ft (1,701.2 sq m) over basement, ground and three to four upper floors. Well secured core income from the restaurant tenants who account for 65% of the overall rent. Valuable 3am licence on the bar and restaurant unit on. Multi-let offices let at highly reversionary rents reflecting an overall average of only £45.07 psf. Long WAULT of 8.55 years to expiries. Total gross income of £1,051,875 per annum reflecting a net rent of £937,888 per annum after deducting the head rent. Two properties that back onto each other providing an excellent redevelopment opportunity, subject to planning.