Ground floor let to Gail's Limited on a new 15 year lease until March 2039 (subject to option in 2034)
Includes a 3 bedroom flat and a 2 bedroom flat on the upper floors
Flats recently redeveloped and refurbished to a contemporary and modern finish
Prominent Position in Affluent Market Town
Nearby occupiers include Waitrose, Sainsbury's, Boots, Costa, Lounges, FatFace and Crew
Lot 5
Auction 18th September 2025
Rent £110,400 per Annum Exclusive
Status Available
Guide* £1,700,000 - £1,770,000
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
11 miles east of Oxford, 8 miles south west of Aylesbury, 40 miles north west of Central London
Roads
M40, A418
Rail
Haddenham & Thame Parkway Railway Station
Air
London Heathrow Airport
Situation
Thame is an attractive and affluent market town 11 miles east of Oxford and 8 miles south west of Aylesbury. The property is situated on the north side of Cornmarket in the heart of the town centre with nearby occupiers including Waitrose, Sainsbury's, Boots, Costa, Lounges, FatFace and Crew.
Tenure
Freehold.
Location
Miles
11 miles east of Oxford, 8 miles south west of Aylesbury, 40 miles north west of Central London
Roads
M40, A418
Rail
Haddenham & Thame Parkway Railway Station
Air
London Heathrow Airport
Situation
Thame is an attractive and affluent market town 11 miles east of Oxford and 8 miles south west of Aylesbury. The property is situated on the north side of Cornmarket in the heart of the town centre with nearby occupiers including Waitrose, Sainsbury's, Boots, Costa, Lounges, FatFace and Crew.
Tenure
Freehold.
Description
The property comprises a ground floor Bakery / Coffee Shop together with two self-contained and separately accessed and well appointed flats on the upper floors. The first floor being a 3 bedroom flat and the second floor being a 2 bedroom flat.
Gail's and both residential flats have recently been redeveloped and refurbished to a contemporary and modern finish.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor Bakery / Coffee Shop together with two self-contained and separately accessed and well appointed flats on the upper floors. The first floor being a 3 bedroom flat and the second floor being a 2 bedroom flat.
Gail's and both residential flats have recently been redeveloped and refurbished to a contemporary and modern finish.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground
Retail
147.16
(1,584)
GAIL'S LIMITED (CRN: 06055393) t/a Gail's (1)
15 years from 21/03/2024 until 20/03/2039 (2)
£60,000
21/03/2029 21/03/2034
First
3 bedroom flat
94.41
(1,026)
INDIVIDUAL
Assured Shorthold Tenancy for a term of 12 months from 01/12/2024
£26,400
Second
2 bedroom flat
97.40
(1,048)
INDIVIDUAL
Assured Shorthold Tenancy for a term of 12 months from 01/12/2024
£24,000
Total Approximate Floor Area
338.50
(3,658)(3)
£110,400
(1) Gail's is a British bakery and coffee shop chain operating from 170 across the UK. For the year ending 29/02/2024 Gail's Limited (CRN: 06055393) reported a Turnover of £179,050,033, a Pre-Tax Profit of £25,365,625 and a Shareholders Funds of £56,530,200 (NorthRow 22/07/2025). (2) The lease provides a Tenant option to determine on 21/03/2034 upon serving 6 months prior written notice. (3) The commercial floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/101880163).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
