imaginaryZenith

I recently stumbled upon an issue with Oblivion, and I can't seem to find any information on it. When entering Green Emperor Way, the environment loads in fine, but as soon as I get into the other side of it, everything but the UI disappears! If I enter it from the Market District, it doesn't load at all. I'm not sure what could possibly be causing this. Any suggestions would be much appreciated. Here's a video showing the whole thing.