8 Duke Street Henley-on-Thames Oxfordshire RG9 1UP

8 Duke Street
Henley-on-Thames
Oxfordshire
RG9 1UP

Freehold Retail/Residential Investment

Entirely let to Helen & Douglas House (a charity)
10 year lease from January 2016 (subject to option)
Includes separately accessed two bedroom flat (sublet)
Prominent trading position close to junction of Bell Street, Market Place and Hart Street with Joules, Space NK, Maison Blanc and Patisserie Valerie nearby
VAT-free investment
Affluent and popular Oxfordshire market town

Lot
4
Auction
28th March 2018
Rent
£36,000 per Annum Exclusive
Status
Sold
Price
£605,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail/Residential Investment

Entirely let to Helen & Douglas House (a charity)
10 year lease from January 2016 (subject to option)
Includes separately accessed two bedroom flat (sublet)
Prominent trading position close to junction of Bell Street, Market Place and Hart Street with Joules, Space NK, Maison Blanc and Patisserie Valerie nearby
VAT-free investment
Affluent and popular Oxfordshire market town

Lot 4
Auction 28th March 2018
Rent £36,000 per Annum Exclusive
Status Sold
Price £605,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 8 miles north-east of Reading, 23 miles south-east of Oxford
Roads: A4, A404, A4130, M4, M40
Rail: Henley-on-Thames Railway Station
Air: Heathrow Airport

Situation

The property is situated in a prominent trading location on the western side of Duke Street, south of its junction with Market Place, Bell Street and Hart Street, in the heart of Henley-on-Thames town centre. Nearby occupiers include Joules, Costa Coffee, Space NK, Maison Blanc and Patisserie Valerie, with a Waitrose supermarket, Boots the Chemist, Zizzi, Fat Face and Loch Fyne also represented in the town. Greys Road Public Car Park is located to the rear of the property, providing car parking for over 140 cars. Henley-on-Thames Railway Station is located a short walk away.

Tenure

Freehold.

Location

Miles: 8 miles north-east of Reading, 23 miles south-east of Oxford
Roads: A4, A404, A4130, M4, M40
Rail: Henley-on-Thames Railway Station
Air: Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with retail and ancillary accommodation on the first floor. In addition, there is a two bedroom flat (sublet) located on the second floor which is accessed from the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First Second	Retail/Ancillary Retail/Ancillary Residential - 2 bed flat with living room, bathroom and kitchen	56.77 sq m 51.95 sq m -	(611 sq ft) (559 sq ft) (-)	HELEN & DOUGLAS HOUSE (1)	10 years from 31/01/2016 until 30/01/2026 (2) on a full repairing lease (3)	£36,000	31/01/2021
Total Commercial Area		108.72 sq m	(1,210 sq ft)			£36,000

(1) Helen & Douglas House, founded in 1982, are the world’s first children’s hospice, providing care for terminally ill babies, children, young adults and their families. Helen & Douglas House now operate from 37 shops throughout Buckinghamshire, Berkshire and Gloucestershire. The tenant sublets the flat on an AST for a term of 6 months from 1st July 2016 at £800 p.c.m. (£9,600 p.a.).
(2) The lease is subject to a tenant option to determine on 31st January 2021.
(3) The lease is subject to a Schedule of Condition.