London, W1
buying commercial property in W1, London
(Mayfair, Marylebone, Fitzrovia)
The W1 perimeter primarily encompasses Mayfair, Marylebone, Fitzrovia and Soho; making up the very heart of London and each representing their own, individual character, both in terms of the main types of use for the inclusive buildings and their general ambience. Where Mayfair consists of smaller corporate offices, Marylebone hosts professional practices; Fitzrovia provides a mixture of residential, shopping and restaurants; Soho specialises in restaurants, bars, theatre and also smaller shops.
W1 is an exciting, diverse location, where it’s western borders stretch from the far western edge of Mayfair; touching two parks (Hyde Park, Green Park); the northern borders form the upper edge of Marylebone and Fitzrovia, marked also by one of London's major arteries; Euston Road and then the eastern border of W1 is Southampton Row; where university campuses start, Soho ends and communities go from being executive, entrepreneurial, to academic.
Primary Streets
Oxford Street, Regent Street, Piccadilly, Park Lane, Baker Street, New Bond St, Marylebone High St.
Famous Landmarks
Piccadilly Circus, The Langham Hotel, Leicester Square, Fortnum Mason, Selfridges, The Grosvenor Hotel, Berkeley Square, The Ritz
Asset Types:
Showrooms (Exhibition style, retail store); Historic Office Buildings (5-6 floors); Large, modern HQs
Office Purchase prices in W1
Mayfair: £1750 / Sq. Ft, Marylebone: £1352/Sq. Ft; Fitzrovia: £975 /Sq. Ft; Soho: £1480 /Sq. Ft
Office Rental prices in W1
Mayfair: £85 - 120/Sq. Ft; Marylebone: £85/Sq. Ft; Fitzrovia: £70 / Sq. Ft; Soho: £79-89 / Sq. Ft
Verdict
One of the world’s most esteemed postcodes; W1 is possibly London’s most exclusive location for both residents and corporations; offering ambience, executive offices, retail, restaurants, architecture and art.
streets of W1; mayfair, marylebone
Piccadilly, Mayfair
Rent Price per Sq Ft: Office: £70 / Sq Ft; Retail: £140 / Sq Ft
Purchase Price Per Square Foot: Office: £1335 / Sq Ft. Retail: £1387 - £8100 / Sq Ft
Featured buildings: The Ritz Hotel, The Dilly, Burlington Arcade.
Description: Piccadilly runs between Hyde Park Corner in the west to Piccadilly Circus in the east, which then leads to Regent St, or Leicester Square. On one side of Piccadilly is the Royal Park; Green Park and St. Jame's, beyond which is Buckingham Palace and other Royal residences. On the northern side of Piccadilly is Mayfair, where roads such as Old Park Lane, Berkeley St, New Bond St and Duke St will run from. With a history that goes back over 200 years, Piccadilly is the location for grand residences, offices. hotels (The Sheraton), embassies, retail (Fortnum & Mason), as well as a private school.
Rent Price per Sq Ft: Office: £75 / Sq Ft;
Purchase Price Per Sq Foot: Office: £965-2250 / Sq Ft.
Feature buildings: The Curzon Cinema, No. 1 Curzon St,
Description: Piccadilly runs between Hyde Park Corner in the west to Piccadilly Circus in the east, which then leads to Regent St, or Leicester Square.
Hill St, Mayfair
Rent Price per Sq Ft: Office: £75 / Sq Ft;
Purchase Price Per Sq Ft: Office: £965-2250 / Sq Ft.
Feature buildings: The Curzon Cinema, No. 1 Curzon St,
Description: Curzon St can vary in price quite considerably; it runs parrallel to Piccadilly, starting from Berkeley Square and ending up on Park Lane. There are a mixture of purpose buiilt office buildings, townhouses, an imposing embassy building and a handlful of leisure venues.
curzon St, Mayfair, W1J
New Bond St, Mayfair, W1S
Rent Price per Sq Ft: Office: £75 / Sq Ft; Retail: £ 275 / Sq Ft
Purchase Price Per Square Foot: Office: £ 2475 - 2545 / Sq Ft.
Feature buildings: Belstaff premises, Fenwick premises, Chanel premises.
Description: One of the world's primary shopping destinations, New Bond Street commands prices higher than any other place in London for it's retail space, whereas it's office space is also able to command some of the highest rates for offices within London. The most important brands of the fashion world are mentioned along the street and their stores are established at flagship standard.
Upper Grosvenor St, W1K
Rent Price per Sq Ft: £97.50 - £120 / Sq Ft
Purchase Price Per Square Foot: Office: £3543 / Sq Ft.
Feature buildings: Corrigan's, The Grosvenor Hotel, Embassy of Monaco, The Chancery Building.
Description: £120 / Sq Ft might be one of the highest rates for renting office space but Upper Grosvenor St provides either the grandest of residences, or the most ideal HQ, management offices for executives that require more private corporate spaces and here, executives can find buildings with numerous well sized rooms spread across 6 floors.
Charles St, W1J
Rent Price per Sq Ft: Office: £70-£110/ Sq Ft
Purchase Price Per Square Foot: Office: £1765 / Sq Ft.
Feature buildings: The Footman, Marks Club, Dartmouth House, The Chesterfield
Description: It's a short road but the townhouses, of varying sizes are beautiful, tall and close to Curzon St, Berkeley Square, Park Lane and Piccadilly; making Charles St a very quintessential and central Mayfair street.
Berkeley Square, Mayfair, W1J
Rent Price per Sq Ft: Office: £ 115 / Sq Ft
Purchase Price Per Square Foot: Office: £ 2830-3640/ Sq Ft.
Feature buildings: Lansdowne House, Berkeley Square House, 20 Berkeley Square
Description: Berkeley Square seems to be the meeting point between some of the best streets in Mayfair; on it's western side are residential streets and on the east are more commercial streets that offer both retail and restaurants. On the south, a very short walk away down Berkeley St is Piccadilly. Berkeley Square itself is home to restaurants, clubs, office to some major corporations in private equity, industry and real estate; there is also a car showroom (Rolls Royce), amongst others in the vicinity (Porsche, Audi, BMW,, Ferrari). The square is highly aesthetic, with it's mature trees, central gardens, benches, statues and architecture.
Saville Row, Mayfair, W1S
Rent Price per Sq Ft: Office: £105 / Sq Ft;
Purchase Price Per Sq Foot: Office: £2845 Sq Ft.
Feature buildings: 23 Savile Row, 3 Savile Row, Ozwald Boateng premises.
Description: Savile Row is ingrained as the location for world class, bespoke men's tailoring, serving, historically the executives of Mayfair; making the name synonymous with the elite in British tailoring. It's located very close to Regent St, running from Burlington Gardens and Conduit St. The Beatles played their last performance on the roof of one of the buildings in January 1969.
Duke St, Mayfair, W1U
Rent Price per Sq Ft: Office: £90-115 / Sq Ft;
Purchase Price Per Sq Foot: Office: £1805 / Sq Ft.
Feature buildings: 78 Duke St, Duke St Emporium
Description: Duke St stretches from Mayfair to Marylebone and crosses Oxford St. It's a highly diverse street, offering prestigious accommodation, retail, leisure and office space. From Oxford St, it will lead to Grosvenor St which elevates the significance of the street, whilst adding complementary definition to it's profile.
park st, W1K
Rent Price per Sq Ft: Office: £95 / Sq Ft;
Purchase Price Per Sq Foot: Office: £1585 / Sq Ft.
Feature buildings: Park House, Marriot Hotel.
Description: From Oxford St to South St, Park St the north and south ends of Mayfair at it's most westerly point; bringing it close to Park Lane byt the time it reaches South St. Diversified, it offers hotel accommodation, grade A offices and favorable living accommodation on a relatively quiet street.
South Audley St, W1K
Rent Price per Sq Ft: Office: £115 / Sq Ft;
Purchase Price Per Sq Foot: Office: £1275 / Sq Ft.
Feature buildings: St. James Hotel and Club
Description: Like much of Mayfair, buildings were built in the 18th century and have continued to be introduce, with new architectural styles and forms of modernisation. South Audley St starts from Curzon St in the south and heads north to Grosvenor Square, featuring stores, restaurants, apartments and offices.
Oxford St, Mayfair and Fitzrovia. W1D, W1C, W1W, W1B
Rent Price per Sq Ft: Office: £75 / Sq Ft;
Purchase Price Per Sq Foot: Office: £2200 / Sq Ft. General Retail: £2275 / Sq Ft.
Feature buildings: 162 Oxford St (Former Mappin and Webb Building); Selfridges premises, 70-88 Oxford St (previously Debenhams premises); 318 Oxford St (previously House of Fraser Building). 214 Oxford St (IKEA store; previously Topshop's flagship store);
Description: Stretching from Park Lane / Marble Arch to Tottenham Court Road; Oxford St is a road 1.2 miles long, receiving half a million visitors per day; this is, for the approx 300 retailers resident, an opportunity to demonstrate their brand. High rates might make it difficult economically if the sales aren't high enough but Oxford St is a marketing asset, not a sales asset; otherwise, the internet would have closed Oxford St a long time ago. But far from being just a world famous shopping street, Oxford St is also a crucial thoroughfare, linking Marylebone with Mayfair, West Central (WC1, WC2) with west and north west London (starting with Bayswater, Paddington, Notting Hill, North Kensington, St Johns Wood and Finchley).
Oxford St has a long and significant history; it is always expecting some big changes and acts as a window to changing cultures and economy; the brands and corporations found on the street could be some of the biggest, may be the most important and or even amongst the most influential.
Cavendish Square, W1U
Rent Price per Sq Ft: Office: £95 / Sq Ft;
Purchase Price Per Sq Ft: Office: £2365-£2875 / Sq Ft.
Feature buildings: Harcourt House, London College of Fashion premises.
Description: Cavendish Square is a valued respite from the hustle and bustle of Oxford St and Oxford Circus, which are only yards away. Being a Square, it's emphasis on open spaces and occupation, or ownership will involve paying for the privilege; there are very few places that could be compared to Cavendish Square (may be Hanover Square).
Mount St, Mayfair, W1K
Rent Price per Sq Ft: Office: £85 / Sq Ft; Retail/Leisure: £200-£250 / Sq Ft
Purchase Price Per Sq Foot: Office: £3350 / Sq Ft.
Feature buildings: The Connaught Hotel, Bremont, Balmain, Christian Louboutin, Matches, Lanvin, amongst others.
Description: The prices for renting leisure spaces on Mount St are well worth noting; they're amongst the highest in London, but quite understandably; this is the heart of Mayfair, managed by Grosvenor Estates, linking to only other high-prime locations, typical of Mayfair. The Connaught Hotel is a prominent five star resident and in front of it, Mount St demonstrates a highly tranquil, village ambience; justifying the values charged.
regent St, Mayfair, W1J
Description: Regent St, is primarily owned by The Crown Estate, which falls under the rights of the British sovereign. Regents St, is mostly inaccessible to investors but Regents Street is worth mentioning for it's influence and standards in grandness, preservation and architectural elegance. Regent St is probably the most important retail and administrative location that the protection of it's iconic status should be kept elevated to inspire the rest of central London.
The major labels from Apple, Microsoft, Boss, Burberry, Hamleys, Onitsuka Tiger, Belstaff, Hollister, Bally House, Ralph Lauren and Mappin and Webb; all have a flagship presence on the street.
The street splits Oxford St and heads south to Piccadilly Circus. On the right side is Mayfair and on the left, Soho.
tottenham court road, w1t
Rent Price per Sq Ft: Office: £ 75/ Sq Ft; Standard: Grade A
Purchase Price Per Sq Foot: Office: £ 800 / Sq Ft.
Feature buildings: Heal's Building
Description: Tottenham Court Road offers a variety of public outlets, from restaurants, bars, retail, offices and hotels. Historically, the road was a vibrant hub for electrical goods, the only remnant of which can be found round the corner through a Curry's store. Now, it no longer surrenders to any category; it's advantage lies in it's larger stores, cheaper rent, whilst coming off one of the biggest junctions on Oxford St, where commuters can catch three different tube lines; one of which is the new Elizabeth line.
Since Tottenham Court Road links with Euston Road and University College Hospital at the north end, it is an essential thoroughfare, adding security to it's asset values.
Disclaimer
The information displayed here comprises of a location summary, of which Mountesque Ltd makes no warranty as to the accuracy or completeness of the information, which is to act as a guide at the viewers discretion. Whilst the information is periodically maintained by Mountesque; they are subject to market, economic and geographic changes and influences, as well as individual and collective interpretation and viewpoint. Please contact us directly for direct assistance with enquiries and guidance on our consulting packages.