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    Key features

    • To be offered on Wednesday 23 July
    • Leasehold Storage Investment
    • B8 Storage subdivided into 16 units
    • Well located in the affluent Henley On Thames
    • Providing asset management potential
    • Benefits from Planning consent to covert the brick arches into glass(1)
    • Redevelopment potential subject to consents
    • VAT is applicable
    • Investment let at £11,275 p.a. (8.35% GIY on Guide Price + 4 x vacant units)

    Description

    The property is arranged over lower ground floor only to provide a B8 storage unit presently arranged as 16 seperate units.

    Additional information

    Tenure

    Let for a term of 199 years from March 2005 at a current ground rent of £200 per annum.

    Accommodation

    Lower Ground Floor - 90.2 sq m (971 sq ft)

    Tenancy

    Let on 12 x licences at a combined licence fee of £11,725 p.a.

    Planning

    (1)The property benefits from planning consent (P24/S2512/FUL) to replace the brick arches with a new fixed glazed screen and new glazed access doors and fixed side lights.

    The property also maybe suitable for redevelopment subject to all necessary consets.

    All enquiries in this regard should be made with South Oxfordshire District Council

    Website: southoxon.gov.uk

    Rent

    £11,275 per annum

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect

    the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Henley-on-Thames is an affluent and popular market town on the River Thames in Oxfordshire, approximately 9 miles north east of Reading, 23 miles south east of Oxford and less than 40 miles west of Central London.

      Transport

      Road - The M40 and M4 motorways are within 8 miles of the centre of Henley

      Rail - Henley railway station is on the southern edge of the town centre, and there are multiple bus links

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums