3 Cornmarket Thame Oxfordshire OX9 3YS

3 Cornmarket
Thame
Oxfordshire
OX9 3YS

Freehold Retail and Residential Investment

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
Withdrawn Prior
Price
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Investment

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Status Withdrawn Prior
Price
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

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

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.