Birmingham Moor Street Station

Retail Premises to Let

LOCATION

Birmingham Moor Street Railway Station, a grade II listed building, is in the heart of Birmingham and is the second busiest railway station in Birmingham. The station is the terminus for many Chiltern services and serves London Midland services, Leamington,Stratford-Worcester. Chiltern Railways run two trains per hour to London Marylebone via Leamington Spa, Banbury and High Wycombe. London Midland run 6 trains per hour Southbound and run 6 trains per hour Northbound. Passenger entries and exists on the station in 2014/15 were 6,521,272 (source ORR).

DESCRIPTION

For the first time, the opportunity has arisen to let the Glass Cube at Birmingham Moor Street for commercial use. This is a superb opportunity to provide a destination restaurant/bar, also benefitting from current footfall at the station. The Cube has a primary frontage to the concourse, with an opportunity for external seating, plus a secondary frontage and entrance to Moor Street. This is an excellent location which will benefit from passing street trade, shoppers into Birmingham, theatre goers, as well as the daily commuters. The property is arranged on two floors.

The ground floor is approximately 3,362 square feet and is accessed from the station concourse. The mezzanine floor is accessed from Moor Street and is approximately 1,094 square feet. The incoming tenant will be required to provide detailed annotated shop fit plans and signage proposals demonstrating a high quality shop fit subject to approval of the design and installation by the Landlord and Superior Landlord, Network Rail and Birmingham City council for Listed Building Consent.

LEASE

The property is being offered on a new lease for a term to be agreed. The lease will be excluded from the security of tenure provisions of the 1954 Landlord and 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 Lease 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. The MGR is expected to be a minimum of £90,000 per annum. Rent shall be paid quarterly in advance.

COSTS

The incoming tenant will be expected to pay the Landlord's reasonable legal costs (estimated at £1,000 ex VAT) plus the Superior Landlord's costs (amount to be confirmed) and the Landlord's Consent consultancy costs (estimated at £600 ex VAT) in connection with the granting of the Lease. The opportunity is being offered to the open market.

UTILITIES

The tenant will be responsible for the cost of utilities used in connection with the unit. There will be a power supply of 160 amp 3 phase supply to the unit but the incoming tenant is required to provide detailed diversity calculations.

SERVICE CHARGE

There is a service charge for the Premises.

RATING

The incoming tenant will be responsible for Business Rates and we recommend that interested parties should contact the Local Rating Authority. No EPC is required at Birmingham Moor Street as this is a listed building.

VIEWING

Viewing is by appointment only.