9-13 Bell St 6,816 SF Retail Building Henley On Thames RG9 2BA $2,788,359 ($409.09/SF) 5.50% Cap Rate
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
Storefront
Building Size
6,816 SF
Building Class
B
Year Built
1925
Price
$2,788,359
Price Per SF
$409.09
Cap Rate
5.50%
NOI
$153,360
Tenancy
Single
Building Height
3 Stories
Building FAR
1.56
Lot Size
0.10 AC
Frontage
32’ on Bell Street
AMENITIES
- Security System
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
