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
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
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
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
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.
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
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.
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.