Property Details
Retail / Catering Premises to Let
UNIT NOW UNDER OFFER
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Eva Puchowska
Ian Chalmers
Description
The landlord has recently undertaken works to dryline the arch. The tenant will have use of the station WC facilities but subject to consents there is an option to install within the demise.
44.4 sq. m 478 sq. ft
Agreement Details
Subject to the consent of Network Rail Infrastructure Limited the premises are being offered by way of a new 6 or 9 year lease, subject to a rent review at the end of the third and sixth year. The lease will be excluded from the security of tenure provisions of the Landlord & Tenant Act 1954. 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 and superior landlords costs associated with the grant of this lease.
Rent
Offers in excess of £25,000.00 per annum plus vat along with supporting turnover rent provision. Subject to the landlord's formal approval, a rent free period may be available for the period of shopfit
User
An end user that will cater for passengers' needs and complement the existing tenant mix of the station is required. Existing retailers include Costa, Digby’s Patisserie, Phone Tech and Knot Pretzels. In order for a letting to proceed, the landlord will need to approve the proposed tenant’s references as part of the letting process. Amey TPT makes a non-refundable reference charge of £75 plus VAT.
Utilities
The tenant will be responsible for all utilities consumed and in the event that the operator uses the
landlord’s refuse and recycling bins then a contribution will be made towards removal.
Insurance
The tenant will be responsible for a contribution of the Building Insurance (Rent). Currently £410 per annum.
Service Charge
There is currently no service charge for the premises but the landlord reserves the right to introduce any service charge in the future.
Shop Fitting
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 demonstrating a high quality shopfit for the Superior Landlord and Landlord’s approval. The plans packs must demonstrate compliance with Building Regulations.
Rating
The ingoing tenant will be responsible for liaising with the Local Authority and shall be liable for any business rates charged. The payment of business rates will be the responsibility of the tenant. The Valuation Office Agency advise that the premise s are Local authority reference 04560000010004. The rates liability for the property is as follows: -
Rateable Value: £23,750
Based on the current Small business multiplier of 0.512 for 2023/24 Rates Payable rate year: £12,160
Energy Performance
The premises are rated D.
Viewing
Viewing is by appointment only through sole agents, Amey TPT.
For further details relating to this property please contact us:
Eva Puchowska – Assistant Surveyor
Email : ewa.puchowska@amey.co.uk
Tel : 020 7921 9582
Ian Chalmers –Portfolio Manager
Email : ian.chalmers@amey.co.uk
Tel : 020 7921 2935
Eva Puchowska
Assistant Surveyor
Assistant Surveyor with ten years' experience in in both commercial and residential property organisations within public and private sectors.
Acting on behalf of First MTR South Western Railway, Eva assists the Portfolio Manager with the provision of estate management for the retail space on their stations. Her aim is to continuously seek to improve both the Client's commercial income and the existing retail offer. This is achieved through the competitive tender of units, lease renewals, rent reviews, new lettings and assisting in projects to create new retail units.
Call: 07395 883 599
Email: Ewa.Puchowska@amey.co.uk
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