Retail Premises to Let
The premises are located at Henley-On-Thames Railway Station which is being managed by First Great Western Railway. The station is on the Henley on Thames branch line that links the town to Twyford. Henley on Thames is a terminus station with a single terminal platform.
Information from the Office of the Rail Regulator stipulates that in 2017/18 Henley-On-Thames Station had in excess of 745,422 passenger entries and exits.
The retail unit is situated next to the main station entrance and it benefits from both concourse and platform entrances. The premises recently traded as a café. The premises has the following approximate floor areas, measured on a net internal basis:
Ground Floor retail area 42 sq m 452 sq ft
Subject to the consent of the Superior Landlord, the property is being offered on a new lease lease to 30th September 2024, subject to a rent review at the end
of the third year.
Interested parties should be aware that any new lease will be excluded from the security of tenure provisions of the 1954 Landlord & Tenant Act. The lease will not permit assignment or sub-letting.
The incoming tenant will be expected to pay the Superior Landlord's and Landlord’s legal costs in connection with the grant of the lease. These costs are anticipated at £2,620 plus vat
Minimum Guaranteed Rent
£15,000 per annum plus vat along with supporting turnover rent provision.
Our client is anticipating interest from core coffee shop retailers.
The tenant will be responsible for a contribution of the Building Insurance (Rent). Currently £410 per annum
The incoming tenant will be required to provide detailed annotated fit out plans and signage proposals demonstrating a high-quality retail shopfit. The Superior Landlord's approval will be required in advance of any works. The tenant shall be required to contribute towards the landlord's costs in obtaining consents.
The payment of business rates will be the responsibility of the tenant. The Valuation Office
Agency advise that the premise s are Local authority reference 807851007777
The rates liability for the property is as follows: -
Rateable Value: £6,300
Based on the current multiplier of 0.491 for 2019/20
Rates Payable 19/20 rate year: £3,117.36
*An incoming tenant may benefit from Small Business Rates Relief. Interested parties are to make their own enquiries in this regard.
A service charge fixed at 7.5% of the Minimum Guaranteed Rent will be payable.
As a term of this letting the Landlord will provide an EPC certificate with a rating of E or above.
In the first instance: Ewa Puchowska
DD: 207 921 9582
Alternatively, Ian Chalmers