City Thameslink Station

Retail Premises to Let

LOCATION

The unit is located on the southern side of Ludgate Hill close to Ludgate Circus to the west and St Pauls to the East.
Train services at the station are operated by GTR. Total passenger entries and exits in 2015-16 were 6,340,256 per annum (source: ORR).

DESCRIPTION

The unit is currently vacant having been previously used as a parcel collection service.
The unit measures approximately 151 sq. m (1,626 sq.ft).

USE

Suitable for a number of uses subject to approval by the railway operator.

UTILITIES

The tenant will be responsible for the costs of all utility charges for the property.

LEASE

The property is being offered on flexible terms on a lease term to September 2021, subject to a rent review after three years. A longer lease term can be considered subject to approval of the Superior Landlord. 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

Rental offers should consist of a base rent in excess of £75,000 supported by a turnover rent percentage. Rent is payable quarterly in advance by standing order.

DEPOSIT

A rent deposit will be payable. Amey TPT may be required to undertake credit checks.

EPC

The property has an EPC rating of D. A copy of the EPC is available on request.

BUSINESS RATES

The tenant will be responsible for any business rates levied on the property. The local rates Authority is the City of London.

COSTS

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

VIEWINGS

For further information please contact

Damian O’Connor MRICS
Email: damian.o’connor@amey.co.uk
DDI : 020 7921 2937