UNIT NOW UNDER OFFER
The premises are located within the main booking hall of Shanklin Station. We understand that Shanklin station is listed under the Planning (Listed Buildings and Conservation Areas) Act 1990. Interested parties should contact the local authority for further information regarding consents to works to the premises.
Passenger figures from the Office of the Rail Regulator state that Shanklin Station had just in excess of 291,346 passenger entries and exits in 2016/17
The premises have a roller shutter providing direct access onto the main entrance to the station. More recently the unit has traded as a newsagent, convenience and coffee shop. The premises have the following approximate floor areas, measured on a net internal basis:
* Ground Floor 11.15 sq m 120 sq ft.
Subject to the consent of the Superior Landlord, the property is being offered on a new lease to 17th August 2024 subject to a rent review at the end of the third year.
Interested parties should be aware that any new lease will be excluded from the security of tenure provisions of the 1954 Landlord & Tenant Act.
Standard Railway Lease Terms will apply. The lease will not permit assignment or sub-letting.
The incoming tenant will be expected to pay the Landlord’s and if applicable, the Superior Landlord’s reasonable legal costs in connection with the grant of the lease.
A minimum guaranteed rent of £3,000 per annum plus vat with supported Turnover rent provision.
The incoming tenant will be required to provide detailed annotated shop fit plans and signage proposals demonstrating a high quality shopfit. The Landlord and if necessary, the Superior Landlord’s approval will be required in advance of any works.
The ingoing tenant will be responsible for Business Rates and we recommend that anyone interested contact the Local Rating Authority.
There is currently no service charge for the premises. The landlord reserves the right to introduce any charge in the future. The tenant will pay towards refuse collection.
Viewing is by appointment only.
In the first instance: