Retail Premises to Let
Preston Station is situated on the edge of the town centre adjacent to the Fishergate Shopping Centre.
Train services are provided by Avanti West Coast to London Euston and Scotland and by First Transpennine Express and Northern Rail to regional and local destinations across the North and North West.
The latest figures available from the Office of Rail & Road (2018/19) estimate in excess of 4,646,000 annual passenger entries and exits at the station and a further 1,399,000 transferring passengers.
We are seeking a new tenant to operate the catering/retail premises within the Butler Street entrance opposite the Fishergate Centre and close to both the cycle hub and multi-storey car park.
The unit is approximately 52m2 and is presented in shell condition with capped water, drainage and power.
The unit benefits from a glazed external elevation together a roller shutter to the internal shopfront.
High quality catering or retail use.
A Tripartite internal repairing lease of 6 years is offered subject to the usual railway determination provisions.
The lease will be contracted out of the security of tenure provisions of the Landlord & Tenant Act.
The Tenant will be responsible for the Landlord's and Superior Landlord’s legal fees estimated at £1,500 plus VAT and £1,063 plus VAT respectively.
The Tenant will also meet the Superior Landlord’s surveyor’s fees (if levied) and the costs of producing a Land Registry compliant lease plan (£120 plus VAT) and a credit reference check (£75 plus VAT)
Rent to be agreed depending on use based on a Minimum Guaranteed Rent (MGR) together with an Additional Rent based on an agreed percentage of Turnover (where this exceeds the MGR).
A rent free period will be allowed for the duration of the shop fit.
Upward only Rent Review on every third anniversary of the term start date based on turnover in the previous two years.
Preston Station is a Listed Building and thus Listed Building Consent to the shop fit will be required in addition to Network Rail Technical consent.
Utilities and Business Rates
The Tenant will be responsible for Business Rates and all utilities consumed on the premises.
A Service Charge is not currently levied on the Premises (however the landlord reserves the right to levy such a charge in future).
For further details relating to this property
please contact us:
Phil Duggleby – Senior Portfolio Manager
Email : email@example.com
Tel : 020 7921 9581
Stephen Ames – Director
Email : firstname.lastname@example.org
Tel : 020 7921 2930