71 Reading Road, Henley-On-Thames, Oxfordshire, RG9
£588.24 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
765 sq ft
71 sq m
- SECTOR
2 bedroom mixed use property for sale
- USE CLASSUse class orders: C3 Dwelling Houses and Class E
C3, E
Key features
- Retail unit let on a lease expiring August 2028.
- 2-bed Maisonette let on an AST, expiring January 2025.
- Total Rent £26,100 pa, with a fixed increase to £26,600 pa from August 2024.
- Not elected for VAT.
Description
The property is located in a parade of shops on the corner of Reading Road and Station Road. Close to the river and Henley Train Station.
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.
Description:
The property consists of a ground floor retail unit, which extends to c.243 sq ft. The tenant also leases the next-door unit (69 Reading Road) and the units are connected internally via an archway.
The residential unit is a 2-bed maisonette which has been recently refurbished. The unit has its own separate entrance around the back of the property. The unit has been let fully furnished.
EPC:
The Retail unit has an Energy Rating of C.
The residential unit has an Energy Rating of C.
Certificates and reports available upon request.
VAT:
Not elected for VAT.
Tenancies:
The retail unit is let on a 10-year lease from 17 August 2018 expiring 16 August 2028. There are tenant only break options on the 3rd and 6th anniversary of the lease, with 6 months' prior written notice. Outside the provisions of the Landlord and Tenant Act 1954.
The residential unit is let on an AST expiring 4th January 2025.
Total Rental income as of 17 August 2024 £26,600 pa Excl.
Business Rates:
The Rateable Value of the retail unit is £8,600. For rates payable enquiries should be made direct with the Local Authority. Small business rates relief may be applicable.
Title No: ON205669
Proposal:
We are instructed to offer the Freehold for sale at a Guide Price of £450,000 exclusive of VAT. Subject to Contract.
Brochures
71 Reading Road, Henley-On-Thames, Oxfordshire, RG9
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Henley-on-Thames Station0.1 miles
- Shiplake Station1.8 miles
- Wargrave Station2.7 miles
About BWP Commercial Property, Home Counties
12A Hart Street, Henley-on-Thames, Oxfordshire, RG9 1QE
Notes
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