Paignton Station

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Property Details

Catering / Retail Premises to Let

Paignton Station is situated in the centre of this seaside town, next to the bus station and close to the beach. Paignton is a terminus station at the end of the Riviera Branch Line from Exeter St Davids. Local trains run half hourly. Long distance trains also run to / from Paignton, most changing at Newton Abbot. Estimated footfall for the year ending March 2023 was 627,582 entries and exits (source GWR).

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David Corp
David Corp
07708 479441
David Murray
David Murray
020 7921 2936

Location

Retail premises positioned within Paignton Station Booking Hall, opposite the main entrance doors.

The retail premises have glazed double doors and a shopfront facing onto the booking hall plus separate
double doors directly onto Platform 2. The premises have connections of mains water, waste and electric
(capacity of incoming electric supply to be confirmed).
The premises have no WC.

Net Internal Area : 50.54sqm (554sqft) approx.

A new bi-partite lease is being offered to 24th June 2028. The lease will be contracted out of the security of tenure provisons of the 1954 Landlord and Tenant Act. Standard Railway Lease Terms will apply. The lease will not permit assignment or subletting. There will be a landlord’s option to break on six months’ notice or 28 days in case of urgent station works. The incoming tenant will be expected to pay approximately £1,000 plus VAT for landlord legal costs associated with the grant of this lease.

 

For retail use, a base Minimum Guaranteed Rent (MGR) of £4,000 per annum exclusive, together with an Additional Turnover Rent based on an agreed percentage of Turnover (where this exceeds the MGR) depending on use.
A rent deposit will be payable and a credit check will be required. VAT is payable on all rent.

 

The landlord is looking to secure a high quality catering operator and will welcome approaches from
local independent businesses.

The tenant will be responsible for all utility costs. The electricity connection will require to be re-energised
and costs for re-energising, including if applicable the installation of new meters will be recharged to the
tenant in addition to costs for electricity consumed.

There is currently no service charge for the Premises but the landlord reserves the right to introduce any service charge in the future. The tenant will pay towards refuse collection.

Shopfit works will need to be undertaken by professional qualified contractors. The incoming tenant will be required to provide detailed annotated shop fit plans and signage proposals. The works and signage will require the Landlords consent and technical consent of the Superior Landlord, Network Rail Infrastructure Limited. The shopfit must be of high quality with the use of energy efficient equipment.

The tenant shall be responsible for business rates.
A search for the Rateable Value using the station postcode and the Valuation Office Agency website has
not provided any detail. It is recommended that interested parties make their own enquiries with the
Local Authority to ascertain what business rates will be payable.
Local Authority Torbay Council.

The premises are rated D.

For further details relating to this property please contact us:

David Corp – Senior Surveyor
Email : david.corp@amey.co.uk
Tel : 07708 479441

David Murray – Senior Portfolio Manager
Email : david.murray@amey.co.uk
Tel : 0207 921 2936

 

David Corp

Contact

David Corp

Senior Surveyor

David has 20 years’ experience in commercial property management including 4 years’ experience in Asset Management (commercial).

David joined AmeyTPT in November 2020 and is working on the GWR account managing new lettings, lease and licence renewals and reviews, client development advice and general estate management.

Call: 07708 479441

Email: david.corp@amey.co.uk

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