Retail Premises to Let
Vauxhall station has eight platforms and is located between South Lambeth Road to the
East and South Lambeth Place to the West. The station has interchange with Vauxhall
Underground and Bus station located at the Western entrance. The station is on the
boundary of zones 1 and 2 of the London Travelcard area.
Passenger data from the Office for the Rail Regulator stipulate that in 2018/19 the station
had in excess of 21 million passenger entries and exits.
Unit A2 is located within the Arch that connects the main pedestrian walkway with the northern entrance to platform 7-8.
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
The premises are being offered by way of a new lease to 17th August 2024, subject to a rent review at the end of the third year. The lease will be excluded from the security of tenure and compensation provisions of the 1954 Landlord & Tenant Act. Standard railway
lease terms will apply. The lease will not permit assignment or sub-letting.
If the tenant requires a longer lease or flexibility of a shorter lease then please advise. Subject to the consent of the Superior Landlord, Network Rail Infrastructure Limited and Department for Transport, a longer term may be available. The incoming tenant will be expected to pay the landlord and if a longer lease is required, the superior landlords legal costs.
Minimum Guaranteed Rent
Offers in excess of £28,000.00 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.
The tenant will be responsible for a contribution of the Building Insurance (Rent). Currently £410 per annum.
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 payment of business rates will be the responsibility of the tenant. The Valuation Office
Agency advise that the premises are Local authority reference 04560000010004.
The rates liability for the property is as follows: -
Rateable Value: £8,400.00
Based on the current Small business multiplier of 0.491 for 2019/20 Rates Payable 19/20 rate year:
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.
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 and Knot Pretzels.
The EPC has been ordered.
Viewing is by appointment only through sole agents, Amey TPT.
For further details relating to this property please contact us:
DD: 0207 921 9582