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9-13 Bell St 6,816 sq ft Retail Property Henley On Thames RG9 2BA £2,130,000 (£312.50/sq ft) 5.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Hugely affluent town in the Home Counties.
- Well configured foodstore comprising 3,570 sq ft of ground floor sales
- Excellent covenant of Sainsburys Supermarkets Ltd. In occupation since 2009.
- 100% prime location on Bell Street.
- Rare Henley bond style supermarket with 13 years unexpired (8 years to break).
- Residential potential on first floor and in airspace by way of increased massing, subject to planning.
EXECUTIVE SUMMARY
The property is situated in a 100% prime position on the west side of Bell Street – Henley’s prime shopping street.
The property is let to Sainsbury’s Supermarkets Limited on a 15 year FRI lease from 8 June 2023 at a current rent of £125,000 per annum, subject to 5 yearly upward only rent reviews to open market rental value. There is a tenant’s break option on 8 June 2033.
There are currently just over 8 years unexpired until the break.
The property is let to Sainsbury’s Supermarkets Limited on a 15 year FRI lease from 8 June 2023 at a current rent of £125,000 per annum, subject to 5 yearly upward only rent reviews to open market rental value. There is a tenant’s break option on 8 June 2033.
There are currently just over 8 years unexpired until the break.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
6,816 sq ft
Costar Property Class
B
Year Built
1925
Price
£2,130,000
Price per sq ft
£312.50
Yield
5.50%
NOI
£117,150
Tenancy
Single
Number of Floors
3
Plot ratio
1.56
Total Plot Size
0.10 ac
Frontage
32 ft on Bell Street
AMENITIES
- Security System
- Storage Space
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NEARBY MAJOR RETAILERS
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9-13 Bell St
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