With the Boxing Day sales in full force, London’s Oxford Street is the ideal destination for shoppers looking for a bargain. However, this exclusive area of London has a lot to offer property investors, as well as tenants.
The street, measuring 1.5 miles, can be found in the City of Westminster in the West End of London and is regarded as the busiest shopping region in Europe. It is estimated it attracts around 100 million shoppers from more than 200 countries every year - spending a collective £4.9 billion.
Around 300 shops are based on Oxford Street and retailers range from high-street brands to more exclusive designer brands. It is also a major employer in the capital, with the various outlets providing around 50,000 jobs.
Of course, one of the major advantages of Oxford Street is its great location between Marble Arch and Bond Street - with plenty of transport links with the rest of London and the UK.
Most of the shops along Oxford Street are open from 9am to 9pm Monday to Saturday and 12pm to 6pm on Sundays. In the run-up to Christmas and during busy periods of the year many of the stores also extend their closing hours on Thursday evenings to ensure everyone has time to find that perfect purchase.
Oxford Street is not just about shopping and there are plenty of great places to take a break from retail therapy. It is a tempting place for foodies, with all sorts of cuisine on offer, including the standard chain restaurants and interesting independent restaurants, bars and cafes.
If you are looking for something a little unusual then head to the Benugo’s Garden Cafe. This Grade II listed raised terraced garden sells a great selection of snacks and is perfect for anyone who enjoys people watching.
How to get to Oxford Street
There are plenty of bus routes to Oxford Street from across London including the 3, 6, 8, 10, 12, 13, 15, 23, 25, 53, 73, 88, 94, 98, 113, 137, 139 & 159.
By London Underground
It is also very easy to travel to the shopping street via the London Underground. There are several tube stations in the area including Bond Street on the Central Line and Jubilee Line, Marble Arch on the Central Line, Oxford Circus on the Bakerloo Line / Central Line / Victoria Line, Piccadilly Circus on Bakerloo Line / Piccadilly Line and Tottenham Court Road station on the Central Line / Northern Line.
Parking near Oxford Street
For those who prefer to drive then there is the Q-Park Oxford Street car park which can be found at the centre of Oxford Street just behind John Lewis at Cavendish Square Gardens. There is the option to get discounted parking if you book your space in advance.