Prime Freehold Retail (and Ground Rent) Investment
Retail let to Paperchase Products Limited until November 2022
Important Rent Review in November 2017
Nearby retailers include Waitrose Supermarket, Boots the Chemist, Starbucks, Fat Face, Maison Blanc and Sainsbury’s Local
Affluent and Historic Oxfordshire town – home of the Henley Royal Regatta
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 8
Auction 23rd March 2016
Rent £75,450 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
8 miles north-east of Reading, 23 miles south-east of Oxford, 36 miles west of Central London
Roads
A4, A404, A4130, M4, M40
Rail
Henley-on-Thames Railway Station
Air
Heathrow Airport
Situation
The property is situated in a prime retailing pitch on the western side of Bell Street, just north of its intersection with Market Place, Hart Street and Duke Street. Surrounding occupiers include Waitrose Supermarket, Maison Blanc, Zizzi, Joules, WH Smith, Boots the Chemist, Patisserie Valerie, Loch Fyne Restaurant and the adjoining Sainsbury’s.
Tenure
Freehold.
Location
Miles
8 miles north-east of Reading, 23 miles south-east of Oxford, 36 miles west of Central London
Roads
A4, A404, A4130, M4, M40
Rail
Henley-on-Thames Railway Station
Air
Heathrow Airport
Situation
The property is situated in a prime retailing pitch on the western side of Bell Street, just north of its intersection with Market Place, Hart Street and Duke Street. Surrounding occupiers include Waitrose Supermarket, Maison Blanc, Zizzi, Joules, WH Smith, Boots the Chemist, Patisserie Valerie, Loch Fyne Restaurant and the adjoining Sainsbury’s.
Tenure
Freehold.
Description
The property comprises a ground floor shop with self-contained accommodation (let on a long lease) on the first and second floors.
Six Week Completion
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 shop with self-contained accommodation (let on a long lease) on the first and second floors.
Six Week Completion
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)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Ground
Retail/ Ancillary
198.28 sq m
(2,134 sq ft)
PAPERCHASE PRODUCTS LIMITED (1)
10 years from 07/11/2012
£75,000
07/11/2017 (06/11/2022)
First and Second
Ancillary
–
–
CHESTERTON COMMERCIAL HOLDINGS LIMITED
199 years from completion
£450
–
Total Commercial Area
198.28 sq m
(2,134 sq ft)
£75,450
(1) For the year ending 31st January 2015, Paperchase Products Limited reported a turnover of £102,626,000, pre-tax profits of £3,577,000 and a total net worth of £23,687,000 (Source: Experian Group 14/01/2016). Paperchase trade from over 130 stores in the UK, with 30 sites across Ireland, Netherlands, Denmark, France, Germany and the Middle East. (Source: www.paperchase.co.uk 15/01/2016)
