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
    28/Mar/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
Important Property Update
  • 8 Duke Street<br>Henley-on-Thames<br>Oxfordshire<br>RG9 1UP
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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.

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

Bidder's Legal Report

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Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
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)
£36,00031/01/2021
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.

Property Documents

  • Site Plan
    Updated Date
    06.03.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    06.03.18
    File Size
    832 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Burlingtons Legal LLP 5 Stratford Place
London
W1C 1AX
Simon Edwards 0207 529 5420simon.edwards@burlingtonslegal.com

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