Elephant and Castle Station

Retail Premises to Let

An opportunity exists to submit an offer through an informal tender process in respect of a new retail unit at Elephant & Castle railway station.

LOCATION

The retail unit is to be created located on the booking hall of the station and the space for the kiosk is located on the London bound platform 2&3. Train services at the station are operated by GTR. Total passenger entries and exits in 2015-16 were 3,287,032 and 298,866 interchanges (source: ORR).

DESCRIPTION

The retail unit is to be constructed as part of the new waiting room and customer service point on platform 2&3. Plans of the new unit are available on request.

USE

Suitable for use as a coffee shop.

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 tripartite lease for ten years subject to a rent review after three years. 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 & TENDER PACKAGE

Rental offers should consist of a base rent supported by a turnover rent percentage. The tender package is available from Amey TPT upon request. Rent is payable quarterly in advance on the modern quarter days by standing order. Amey TPT may be required to undertake credit checks on the successful bidder.

DEPOSIT

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

EPC

An EPC has been requested for the retail unit and will be made available on request once produced.

BUSINESS RATES

The tenant will be responsible for any business rates levied on the property.

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