London Marylebone Station

Retail Premises to Let

OVERVIEW

London Marylebone Railway Station is the Central London terminus for Chiltern Railways which operate a large number of commuter/regional services principally along the M40 corridor to destinations in Buckinghamshire, parts of Oxfordshire and Warwickshire, as well as longer distance services to Birmingham and the West Midlands.
The Station is located in the London Zone 1 Transport for London travel area. Marylebone has excellent transport links with services operated by Chiltern and London Underground also operates directly from the station. Baker Street underground is located within 2 minutes' walk. Passenger entries and exits on the station in 2015-16 were 15,932,954 (source ORR). Currently there are 10 food and beverage units and 8 other retail shops.

DESCRIPTION

An opportunity has arisen at London Marylebone Station, for the letting of a retail unit (food and beverage is not a requirement). The unit is accessed from the main front of the Station on Melcombe Street and is approximately 136.77 square feet (the incoming tenant will be required to verify these measurements). The tenant will have use of the WC facilities at the station. There is no back of house storage currently at the station. (The unit is currently the Barber Shop).
The unit will be available from February 2019. The incoming tenant will be required to provide their own internal fit-out which will be consistent with a Grade II listed building and will be subject to approval of the design and installation by Westminster Council, the Landlord and Superior Landlord - Network Rail.

LEASE

The property is being offered on a new 5 year tripartite Lease. The Lease will be excluded from the security of tenure provisions of the 1954 Landlord & Tenant Act. The lease will be subject to a rent review three years from the commencement date. The lease will not permit assignment or subletting.
Standard Railway Terms will apply.

RENT

We are inviting offers for rent to comprise a Minimum Guaranteed Rent supported by a turnover rent percentage subject to negotiation on the items to be sold. Rent shall be paid quarterly in advance.

Offers should be sent to julia.brookes@amey.co.uk.

COSTS

The incoming tenant will be expected to pay the
Landlord’s reasonable legal costs (estimated at
£1,000 ex VAT), the Superior Landlord's costs
(estimated at £1,000 ex VAT) and the Landlord's
Consent consultancy costs (estimated at £450 ex
VAT) in connection with the granting of the Lease.
The opportunity is being offered to the open market
under an informal tender process.

UTILITIES

The tenant will be responsible for the costs of utilities
used in connection with the unit.
The unit has a 100 amp single phase supply. The
incoming tenant will be required to verify the power
supply.
The unit has a water supply.

RATING

The incoming tenant will be responsible for Business
Rates and we recommend that interested parties
should contact the Local Rating Authority.

EPC

No EPC is required at Marylebone as it is a listed
building.

VIEWING

Interested parties should contact Amey TPT to
arrange formal inspections and for all queries relating
to the premises.

Contact: julia.brookes@amey.co.uk
Tel: 0207 921 9583