31-33 Hart Street, Henley-On-Thames, Oxfordshire, RG9

Location:

Henley-on-Thames is a vibrant market town on the River Thames. It has an abundance of independent shops, a selection of national chains and a thriving range of restaurants, bistros, cafes and pubs. Famous for the world renowned Henley Royal Regatta and Henley Festival. Set beside the River Thames, the town is situated 38 miles west of central London, 10 miles north of Reading and 25 miles from central Oxford.

Henley benefits from good transport links to both the M4 (J8/9) and the M40 (J6) and has the addition of regular train services to London Paddington, with an average time of 45 minutes at peak times. On completion of the Elizabeth line, Henley will see commuter times reduced, with confirmation that Twyford Railway Station (5 miles) will be the penultimate station before Reading. Maidenhead is just 10 miles and the next stop on the new Elizabeth line to London.

The subject property is situated in the centre of Henley-on-Thames.

Description:

The property comprises a Grade II Listed C18 traditionally constructed building arranged over basement, ground, two upper floors, courtyard garden and private loading bay. The accommodation provides two retail units on ground and basement, offices on part first floor and four residential units on first and second floors.

The retail unit at 31 Hart Street has its own access from Hart Street whilst the offices, 33 Hart Street retail unit, the office suites and one of the residential units have shared access via the main entrance. The remaining residential units benefit from separate access at the rear via a walled courtyard.

Leases:

The building is fully let except for the vacant smaller retail unit (shop 31) and the top floor apartment which are both on the market.

Antiques & Vintage Ltd occupy the ground floor and rear courtyard at 31 Hart Street on a lease expiring in 19th September 2026 and paying £39,085 per annum which is subject to an annual RPI linked rent review cap and collared at 1% and 5%.

On the first floor both office suites are occupied by 4 Corner Wine paying £15,020 pa and which is subject to annual RPI linked rent reviews, due 1st March each year, subject to a cap and collar of 1% and 5%.


All four residential apartments are let on AST agreements with 2 month rolling breaks.

Energy Performance Certificates:
Exempt - Grade II Listed.

VAT:
The property is elected for VAT.
Legal Cost:
Each party is to be responsible for their own legal costs incurred in this transaction.

Terms:
Freehold available subject to the existing commercial Leases and residential ASTs.

Proposal:
We are instructed to offer the property for sale asking for 'Offers In Excess Of' £1,550,000 (excl) for the Freehold interest. Subject to Contract & reflecting an 8% NIY once Fully Let.