Let to Fat Face Limited on a recently renewed lease
Prime location on Bell Street, close to Waitrose and the main town centre car park
Potential to convert upper parts to residential (subject to lease and consents)
Highly affluent and historic Thames Valley market town
Nearby occupiers include Waitrose, Sainsbury's Local, Joules, JoJo Maman Bébé, White Stuff, Crew Clothing, Boots the Chemist, Starbucks, Zizzi and Loch Fyne
In the same ownership for approximately 15 years
Lot 5
Auction 23rd May 2019
Rent £50,000 per Annum Exclusive
Status Sold
Price £820,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
15 miles north-west of Windsor
23 miles south-east of Oxford
Roads
A4, A404, A4130, M4, M40
Rail
Henley-on-Thames
Air
London Heathrow
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 on the eastern side of Bell Street, in the heart of the town centre. Nearby occupiers include Waitrose, Sainsbury's Local, Joules, JoJo Maman Bébé, Crew Clothing, Boots the Chemist, Starbucks, Zizzi and Loch Fyne. Waitrose car park is located a short walk away with parking for approximately 200 cars in one of Henley's main town centre car parks.
Tenure
Freehold.
Location
Miles
15 miles north-west of Windsor
23 miles south-east of Oxford
Roads
A4, A404, A4130, M4, M40
Rail
Henley-on-Thames
Air
London Heathrow
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 on the eastern side of Bell Street, in the heart of the town centre. Nearby occupiers include Waitrose, Sainsbury's Local, Joules, JoJo Maman Bébé, Crew Clothing, Boots the Chemist, Starbucks, Zizzi and Loch Fyne. Waitrose car park is located a short walk away with parking for approximately 200 cars in one of Henley's main town centre car parks.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary accommodation on the first and second floors. The property also benefits from a garden at the rear of the property.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion Available
EPC
Band C. See legal pack at acuitus.co.uk
Description
The property comprises a ground floor shop with ancillary accommodation on the first and second floors. The property also benefits from a garden at the rear of the property.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion Available
EPC
Band C. See legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground Basement First Second
Retail Ancillary Ancillary Ancillary
107.14 sq m 15.61 sq m 39.60 sq m 44.11 sq m
(1,153 sq ft) (168 sq ft) (426 sq ft) (475 sq ft)
FAT FACE LIMITED (1)
A term of years from 29/03/2019 and ending on 31/01/2020 on full repairing and insuring terms (2)
£50,000
Total
206.46 sq m
(2,222 sq ft)
£50,000
(1) For the year ending 2nd June 2018, Fat Face Limited reported a turnover of £224,695,000, pre-tax profits of £22,458,000 and a total net worth of £153,234,000 (Source: Experian Group 09/04/2019). Fat Face opened its first store in 1992 and now operates from over 200 stores across the UK and Ireland (Source: www.fatface.com 09/04/2018). (2) The lease is drawn outside the provisions of the Landlord & Tenant Act 1954. The current lease was a renewal of a 5 year lease from 24th June 2012 at a previous rent of £50,000 per annum exclusive.
