International real estate advisor Savills, on behalf of landlord City of London, has launched the leasing of 95-96 New Bond Street, the flagship corner store currently occupied by L.K. Bennett.
As well as the 7,048 sq ft premium retail space, there is an option to consider an additional 2,886 sq ft office space. Nestled between global brands including Hackett, Bang & Olufsen, Georg Jensen and Maison Diptyque, the site offers excellent exposure and high foot traffic, making it an ideal location for businesses seeking visibility to attract high-end shoppers.
The prime West End vacancy rate tightened again during the last quarter (Q2), according to Savills, reducing by 21 basis points (bps) to reach 3.7% - its lowest level since Q2 2019. With limited availability and high demand, prime locations like 95-96 New Bond Street are increasingly sought after by retailers and businesses aiming to establish a prominent presence in this iconic area.
Richard Scott, Director in Central London Retail at Savills, comments: “Occupiers are increasingly being driven to prime retail corners and this offers a rare large store in this location with visibility to Oxford Street. The continued reduction in West End vacancy rates highlights the enduring appeal of this prime retail destination, and we expect significant interest from high-profile brands seeking to capitalise on the exceptional visibility and foot traffic this site offers.”