Retail Premises to Let
The property is located on platform 1. The platform provides services towards St Austell
and Truro. The premises are adjacent to the overbridge that leads to platforms serving
Plymouth, London and the branch line to Newquay. Figures from the ORR stipulate that in 2017/18 the station had over 190,780 entries and exits and 85,373 interchange.
The premises are located to the western end of the main station buildings with the entrance onto platform 1. Access is via a doorway with the premises offering an internal area of approximately:
Retail sales 6.98 sq m 75 sq ft
The tenant will have use of the station WC facilities.
Subject to the consent of the Superior Landlord, the property is being offered on a new lease lease to 30th September 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. The lease will not permit assignment or sub-letting.
If parties were interested in opening only during the summer months then subject to the formal approval of the landlord, this is likely to be acceptable.
The incoming tenant will be expected to pay the Superior Landlord's and Landlord’s legal costs in connection with the grant of the lease. Estimated costs will be £1,700 plus vat.
Minimum Guaranteed Rent
The premises are offered on a Minimum Guaranteed Rent with supporting turnover rent provisions. As a guide, Minimum Guaranteed Rental offers are expected in excess of £1,000 per annum plus vat.
The tenant will be responsible for all utilities consumed.
The incoming tenant will be required to provide detailed annotated fit out plans and signage proposals demonstrating a high-quality retail shopfit. The Superior Landlord's approval will be required in advance of any works. The tenant shall be required to contribute towards the landlord's costs in obtaining consents.
The ingoing tenant will be responsible for Business Rates. From an initial inspection of the Valuation Office Agency website, the premises may not have been assessed for business rates. We recommend that anyone interested contact the Local Rating Authority for further information.
A service charge fixed at 7.5% of the Minimum Guaranteed Rent will be payable.
As a term of this letting the Landlord will provide an EPC certificate with a rating of E or above.
Our client is anticipating interest from core coffee shop retailers.
For further details relating to this property please contact us:
Tel : 0207 921 2936