Caledonian Road and Barnsbury

Retail Premises to Let

LOCATION


An exciting opportunity is available for a quality operator to develop the former ticket office at the entrance to Caledonian Road & Barnsbury Overground railway station. Train services at the station are operated by Arriva Rail London and run to Stratford, Richmond and Clapham Junction, all services connecting into the extensive Overground rail network. Total passenger entries and exits in 2015-16 were 1,764,760 (source : ORR 2016).


DESCRIPTION


The property is located in a prominent location at the main station entrance. The unit is approximately 17.08 sq. m./183.9 sq. ft. in size and has power, water and drainage. The unit is available immediately but requires refurbishment.


LEASE


The property is available by way of a new lease term to run until May 2023. The lease will be subject to a rent review at the end of the third year of the term. The lease will be excluded from the security of tenure provisions of the Landlord & Tenant Act 1954. Standard railway lease terms will apply. The lease will not permit assignment or sub-letting.


RENT


We are inviting offers in the region of £10,000 pa plus VAT. A supporting turnover percentage will also be negotiated.


COSTS


The incoming tenant will be expected to pay the Landlord’s reasonable legal costs in connection with the grant of the lease.

BUSINESS RATES


The incoming tenant will be responsible for any business rates levied on the property and should enquire to the local ratings authority for further details.


EPC


An EPC is being obtained and will be available shortly.


VIEWING


All viewings are by prior appointment.