Nottingham Station

Retail opportunity to let

LOCATION


Nottingham Station is located in Carrington Street, a few minutes’
walk from the heart of Nottingham city centre.
The Station is a Grade 2* Listed Building and has recently
undergone a multi-million pound redevelopment.
East Midlands Trains provides long distance services to London St
Pancras, with up to five fast trains per hour. In addition it offers a
substantial regional service which links the towns and cities of the
East Midlands, as well as parts of Central and the East of England.
Nottingham Express Transit provides frequent Tram services from
the station’s new Southern Concourse to the city centre,
Universities and Park and Ride sites close to the M1.

THE OPPORTUNITY

The passenger profile is relatively diverse and includes commuters,
business and leisure travellers as well as students attending the
city’s two universities.
According to the most recent published figures, passenger entries
and exits are 6.848million (ORR Station Usage 2014-2015). The
station also now benefits from the additional footfall generated by
the newly opened Tram Station.
Retail Unit 6 is situated within the newly enclosed and refurbished
Porte Cochere linking the main station buildings to the Tram Stop
and Multi Storey Car Park. It benefits from a dual frontage onto
both the Southern Concourse and Porte Cochere.

USER


We are seeking a high quality retail operator for this unit.
Other units in the Porte Cochere include a convenience store, ATMs
and catering outlets.


DESCRIPTION


Retail Unit 6 comprises approximately 600 sq. ft. and is presented
in shell condition ready for fit out.
Remote Storage is available beneath the Southern Concourse.


LEASE


A Tripartite Lease for a term of six years subject to a review in the
third year and standard railway termination clauses.
The Lease will be excluded from the security of tenure provisions of
the 1954 Landlord & Tenant Act.


RENT


The opportunity is available on a Minimum Guaranteed Rent and
Turnover Rent basis.
As a guide proposals are invited on the basis of a Minimum
Guaranteed Rent of £40K plus VAT per annum together with a
turnover percentage.


LEGAL COSTS


The Tenant will be responsible for Landlord’s and Superior
Landlord’s legal costs.


SERVICE CHARGE, UTILITIES & RATES


There is currently no service charge for the premises. The Landlord
reserves the right to introduce a charge in the future.
The Tenant will be responsible for the cost of utilities consumed in
the premises.
The Tenant will be responsible for Business Rates