Preston Station

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Property Details

Catering Premises to Let

Catering Kiosk to Let

Preston Station is situated on the edge of the town centre adjacent to the Fishergate Shopping Centre.

Train services are provided by Avanti West Coast to London Euston and Scotland and by First Transpennine Express and Northern Rail to regional and local destinations across the North and North West.

The latest figures available from the Office of Rail & Road (2019/20) estimate in excess of 4,936,000 annual passenger entries and exits at the station and a further 1,352,000 transferring passengers.

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Phil Duggleby
Phil Duggleby
02079219581
Stephen Ames
Stephen Ames
02079212934

Location

 

We are seeking a new tenant to operate a hot food kiosk with external seating on Platform 3 at the station.

The kiosk is located at the foot of the main entrance ramp onto the platforms.

The location is on the main interchange platform and benefits from extended customer dwell times.

Other retailers on this platform include Starbucks, Beer House, Upper Crust and Whistlestop.

Previously operated by a pasty company the kiosk has been de-branded and will be sold to the incoming tenant for £1.

The kiosk is approx. 10.53m2 with an attached self contained storage & cold store unit of approx. 19.89m2.

A Tripartite lease of the kiosk site for a term of 6 years subject to the usual railway determination provisions.

The lease will be contracted out of the security of tenure provisions of the Landlord & Tenant Act.

Rent to be agreed based on a Minimum Guaranteed Rent (MGR) together with an Additional Rent based on an agreed percentage of Turnover (where this exceeds the MGR).

The initial MGR to 30 September 2021 will be nil although Additional Rent will be payable so that the overall rent paid during this period reflects the business generated whilst station footfall is suppressed by Covid 19.

Rent review on 1 October 2021 and on the third anniversary of the lease commencement date both based on an agreed percentage of rent payable prior to the review.

High quality hot food with ancillary hot drinks.

The Tenant will be responsible for all utilities consumed on the premises.

A Service Charge is not currently levied on the Premises (however the landlord reserves the right to levy such a charge in future).

The Tenant will be responsible for the Landlord's and Superior Landlord’s legal fees estimated at £1,500 plus VAT and £1,063 plus VAT respectively.

The Tenant will also meet the Superior Landlord’s surveyor’s fees (if levied) and the costs of producing a Land Registry compliant lease plan (£120 plus VAT) and a credit reference check (£75 plus VAT).

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 Preston City Council to ascertain what business rates will be payable.

Not required for this site as the kiosk is a freestanding structure of less than 30m2.

For further details relating to this property please contact us:

Phil Duggleby – Senior Portfolio Manager
Email : phil.duggleby@amey.co.uk
Tel : 020 7921 9581

Stephen Ames – Director
Email : stephen.ames@amey.co.uk
Tel : 020 7921 2930

Phil Duggleby

Contact

Phil Duggleby

Senior Portfolio Manager

Phil has many years’ TOC experience with Eurostar, firstly in operational customer experience roles and later as Head of Property.  Responsible for the advertising and retail portfolios, he oversaw several high profile developments such as the sponsorship of the ‘Premium First’ lounges by Orange and the retail offer in the departures lounge at St Pancras International.  Phil also had responsibility for Eurostar’s operational premises in the UK, France and Belgium and the mothballing of Waterloo International Terminal.  After leaving Eurostar Phil was particularly proud to work as a consultant to the London 2012 Olympic and Paralympic Games.

Phil brings a wealth of operational and retail property experience to the team, and at Amey TPT works on the Transport for Wales and Avanti West Coast accounts and consulting projects.

Call: 02079219581

Email: Phil.Duggleby@amey.co.uk

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