Lease renewal for term of 10.25 years from December 2017 (subject to option)
Tenant in occupation for over 16 years
Rebased rent - previous rent £108,600 p.a.x.
Prime corner location at junction of Bell Street, Hart Street and Market Place
Close to Sainsbury’s Local, Starbucks, JoJo Maman Bébé, Joules, Crew Clothing, Clarks, Boots and Waitrose
First time on the market for over 15 years
Trophy asset in historic tourist regatta town
Lot 13
Auction 5th December 2018
Rent
Status Withdrawn Prior
Price
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
Henley-on-Thames is an attractive and affluent market town located on the banks of the River Thames. The property is situated in a prime trading position fronting Bell Street and Hart Street, in the heart of the town centre. Nearby occupiers include Sainsbury’s Local, Clarks, Joules, Fat Face, JoJo Maman Bébé, Crew Clothing, Boots the Chemist and Starbucks, with Waitrose, Zizzi and Loch Fyne also represented close by in the town. Waitrose car park is located a short walk away with parking for approximately 200 cars.
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
Henley-on-Thames is an attractive and affluent market town located on the banks of the River Thames. The property is situated in a prime trading position fronting Bell Street and Hart Street, in the heart of the town centre. Nearby occupiers include Sainsbury’s Local, Clarks, Joules, Fat Face, JoJo Maman Bébé, Crew Clothing, Boots the Chemist and Starbucks, with Waitrose, Zizzi and Loch Fyne also represented close by in the town. Waitrose car park is located a short walk away with parking for approximately 200 cars.
Tenure
Freehold.
Description
The property comprises a ground floor shop with frontage to both Bell Street and Hart Street with ancillary accommodation on the first floor and studio/ancillary accommodation on the second floor. The property benefits from a large courtyard to the rear.
VAT
VAT is 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 frontage to both Bell Street and Hart Street with ancillary accommodation on the first floor and studio/ancillary accommodation on the second floor. The property benefits from a large courtyard to the rear.
VAT
VAT is 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 Ancillary Studio/Ancillary
240.93 sq m 134.30 sq m 25.40 sq m
(2,593 sq ft) (1,446 sq ft) (273 sq ft)
MONSOON ACCESSORIZE LIMITED (1)
10 years and three months from 25/12/2017 until 24/03/2028 (2) on a full repairing and insuring lease
£105,000
25/12/2022
Total
400.63 sq m
(4,312 sq ft)
£105,000
(1) For the year ending 26th August 2017, Monsoon Accessorize Limited reported a turnover of £310,904,000, pre-tax losses of £3,097,000 and a total net worth of £13,165,000. Monsoon opened its first store in 1973 and now has more than 1,000 Monsoon Accessorize stores all over the world (Sources: Experian Group and uk.monsoon.co.uk 31/10/2018). (2) The lease is subject to a tenant option to determine on 24th March 2023.