Scroll To Top

ACCREDITED VETTRIANO ART GALLERY for Sale

Henley on Thames, Oxfordshire
Freehold Price:
£59,950
Status
FOR SALE
Advert ID
239265
Reference
HW1527 / Rightbiz
  • SPECIALISING IN JACK VETTRIANO ARTIST PROOFS,

    STUDIO PROOFS & LIMITED EDITION PRINTS
  • NEW SUB-CONTRACTED EXTERNAL FRAMING SERVICE
  • NEW LEASE AVAILABLE
  • RETIREMENT SALE

Accredited Vettriano art gallery

Specialising in Jack Vettriano artist proofs,

studio proofs & limited edition prints

New sub-contracted off-site framing service

Prime town centre trading position

New lease available

Retirement sale



LOCATION:



Full of charming independent shops, Henley-on-Thames is an attractive 13th Century market town on the River Thames in Oxfordshire, 9 miles northeast of Reading, 7 miles west of Maidenhead and 23 miles southeast of Oxford, near the tripoint of Oxfordshire, Berkshire and Buckinghamshire. The population at the 2011 Census was 11,619. Winner of a Britain-in-Bloom Gold medal, Henley is one of the most beautiful towns in England and enjoys a wonderful stretch of river with delightful independent shops, brilliant pubs, numerous cafes and great restaurants. Throughout the summer it hosts internationally renowned sporting events and festivals, the Henley Royal Regatta being the most famous in the world and a highlight of the sporting calendar taking place in early July. Thousands of visitors flock to the area over five days to be entertained by more than 200 races with Olympians among the participants. Henley hosts some of the England's most important and exclusive cultural events. Immediately following the Regatta is the renowned Henley Festival, a vibrant International Music Festival, showcasing Art, Food, Comedy and all genres of Music. August heralds the famous "Rewind" whilst October has the 9 day Literary Festival, one of the U.K's most popular literary events, featuring some of the industry's most talented writers.



BUSINESS:



This popular, independent art gallery enjoys Accredited Vettriano Gallery status. The gallery also sell local scenes, maps and images of the River Thames, as well as intricate hand crafted ceramic wall art and contemporary oil paintings. The owner is an art dealer with more than 30 years' experience who now wants to retire. He has specialised in Jack Vettriano Artist Proofs, Studio Proofs and Limited Edition Prints for more than 10 years. The exuberant colours and style of Vettriano paintings and artwork are well-known. They attract collectors for the potential investment value they may have over time. Artist Proofs and Studio Proofs form the initial run of the print plus a restricted number of editions. As one of the UK's top 5 Vettriano galleries, he enjoys first options on the more valuable lower numbers of a limited edition print run. Vettriano paintings are reminiscent of film noir and often feature romantic or erotic themes. In 2004 he was awarded the OBE and his best-known painting The Singing Butler sold at auction for just under £750,000 in the same year and was the subject of a television documentary, Jack Vettriano: The People's Painter, on ITV's South Bank Show.



18 months ago, the gallery introduced a (sub-contracted) bespoke, specialist framing service for paintings, artwork and photographs which grew to approximately £15,600 for the full year ended 31 December 2018. The Gallery also advise on the wide range of frames, mounts and glass options. Customers are encouraged to bring their artwork to the gallery for free consultations and quotes.



BUSINESS PREMISES:

(all sizes are approximate & should be considered 'nominal'.)



This charming Georgian terraced property, situated a stone's throw from the historical Henley Bridge and iconic Angel On The Bridge pub and restaurant, features a glazed bow window with a single casement door leading into the ground floor shop measuring 28ft/8.7m deep x 16ft/4.9m wide (448 sq ft/42.6sq m) with a staff kitchen to the rear. Stairs lead down to a dry basement with two storage areas combined to measure 10'10"/3.3m x 8'4"/2.6m (90 sq ft/8.6 sq m) plus staff toilet facilities.



BUSINESS PREMISES (contd):

(all sizes are approximate & should be considered 'nominal'.)



The table below has been obtained from the current rate demand for the property and by reference to the Valuation Office Agency website:



Floor Description Area m/unit

GroundRetail Zone A11.1

GroundRetail Zone A11.9

GroundRetail Zone B 5.7

GroundInternal Storage 4.8

Total 33.5



Note: Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.



TRADE:



Accounts inspected by Adams & Co show increased turnover for the year ended 5th of April 2019 of £121,936 and gross profits of £57,106 compared to turnover of £109,431 and gross profits of £59,240 (54%) the previous year. Please note this business is VAT registered and all figures exclude VAT.





OUTSIDE:



The gallery is located in the centre of Henley, a short walk from the River Thames amidst fashionable retail outlets, numerous restaurants, Coffee Houses, sandwich bars, residential estate agents and High Street Banks.



TENURE:



The vendor enjoys a relaxed relationship with the landlord and occupies the premises on an informal licence with an annual rent of £17,000 including building insurance.

We understand a new lease will be offered to the buyer on favourable terms subject to the status of the buyer.

The landlord will require references including satisfactory bank and trade references where appropriate in support of any application for the lease. In addition, the landlord may ask for a rent deposit equal to 6 months dependent upon the quality of references and the status of the buyer.



RATES:



The rateable value of the business premises is £12,750, with rates of £6,282 payable in 2017/18 inc. water rates but these are expected to be reduced for the 2019/20 financial year.

NOTE:

This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.



SERVICES:



We understand from the vendor that mains electricity and drainage services are connected to the property.



HOURS:



Mondayto Sunday 10:00 to 17:00





STAFF:



The vendor works comfortable hours, attending the gallery on Monday, Wednesday, Thursday and Saturday. His assistant works at present on Tuesdays, Fridays and Sundays plus holiday cover and is happy to continue to work flexible days if required post-sale.





STOCK:



The vendor informs us that the value of the stock at cost prices varies throughout the year but averages £20,000.



COMMENTS:



The vendor has now decided to retire which has created an excellent opportunity for a new owner to build on the solid foundations laid down over the past 10 years. The vendor is happy to provide a hand-over to suit the needs of his buyer, subject to negotiation.

Financial information will be made available to seriously interested purchasers after they have formally viewed the business.



LEGAL FEES:



Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.





SPECIALISING IN JACK VETTRIANO ARTIST PROOFS,

STUDIO PROOFS & LIMITED EDITION PRINTS





NEW SUB-CONTRACTED EXTERNAL FRAMING SERVICE



PRIME TOWN CENTRE TRADING POSITION



NEW LEASE AVAILABLE



RETIREMENT SALE
Listing Details
Freehold Price: £59,950
Tenure: Freehold
Location: Henley on Thames, Oxfordshire
Sector: Art Galleries
Key Features
  • Prime Location
  • New Lease
  • Close to Local Amenities
  • Accounts Available
  • Attractive Business
  • Retirement Sale
  • Town Centre location
  • Established Business
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: HW1527 / Rightbiz
What's nearby
Within 1 milei:
Chiltern Domestic Appliances (Home Goods Store)
Lloyds Bank (Bank)
Royal Mail (Post Office)
Ballards Estate Agents (Point Of Interest)
Wine Rack (Liquor Store)
The Red Lion Hotel (Bar)
Clarks (Shoe Store)
WHSmith (Book Store)
Hotel du Vin & Bistro Henley-on-Thames (Bar)
Davis Tate Estate Agents Henley on Thames (Real Estate Agency)
Listing Statistics
Impressionsi: Upgrade to view
Enquiriesi: Upgrade to view
Interestedi: Upgrade to view
Watchingi: Upgrade to view
Date Ad Submitted: Upgrade to view
Last Viewedi: Upgrade to view
Last Updatedi: Upgrade to view
Last Enquiry Received: Upgrade to view
Register and contact seller.
By submitting this form, you confirm that you agree to our Terms and Conditions and Privacy Policy.
* required fields
Request More Details
Or, arrange a viewing
Contact the seller for more details, or book a viewing

Related Businesses for Sale

Indian Restaurants
Tea Rooms
Adams & Co
Coffee Shop for Sale
Undisclosed, Berkshire
Disclaimer
The data showed regarding this advert 'ACCREDITED VETTRIANO ART GALLERY for Sale - HW1527 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.
Find out more about the business by contacting the seller