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Catering / Retail Premises to Let
Milford Station is located in Surrey and provides frequent services to London Waterloo via Guildford and south to Portsmouth Harbour. Passenger figures from the Office of the Rail Regulator state that Milford Station had in just in excess of 172 thousand passenger entries and exits and 0.255 in 2022/23.
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Ian Chalmers
Eva Puchowska
Location
First MTR South Western Trains Limited are the Station Facility Owner and leaseholder of Milford Station. The train operator wishes to ensure that stations have a high-quality retail offer for their passengers' benefit. The premises are located on Platform 1, the London bound platform of the station.
Description
The unit currently trades as a coffee shop and provides a weekly pizza offer to local residents and station users. The premises has the following approximate floor areas, measured on a net internal basis:
• Total Area 26.8 sq. m 288 sq ft
Agreement Details
The premises are being offered by way of a new 6-year tri-partite lease commencing after 18th August 2024. The lease will be contracted out of the security of tenure and provisions of the 1954 Landlord & Tenant Act. 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 the superior landlords costs associated with the grant of this lease.
Rent
Offers in the region of £3,000 per annum plus vat plus supporting turnover rent provisions.
User
The landlord is seeking a high quality coffee retailers. 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. Should the landlord permit use of the station bins then the tenant will pay towards the costs of refuse collection.
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. The works and signage will require the Landlord's consent and technical consent of the Superior Landlord, Network Rail Infrastructure Limited.
Rating
The payment of business rates will be the responsibility of the tenant. The Valuation Office Agency advise that the premises are Local authority (Waverly) reference 1913651662 https://www.tax.service.gov.uk/business-rates-find/valuations/start/13653868000#valuation-tab Interested parties are required to make their own enquiries with the Local Authority regarding the rates liability for the property.
*An incoming tenant may benefit from Small Business Rates Relief.
Energy Performance
The premises are rated B.
Viewing
For further details relating to this property please contact us:
Ian Chalmers – Account Manager
Email: ian.chalmers@amey.co.uk
Tel: 07985 016161
Eva Puchowska – Portfolio Surveyor
Email: eva.puchowska@amey.co.uk
Tel: 07395 883599
Ian Chalmers
Associate Director
Joining TPT in 2008, Ian is the principal lead on the South Western Railway contract. Ian has worked on the South Western area from 2008 to present day and has also been the client lead for the East Midlands Trains account when franchised to Stagecoach. Ian managed the Greater Western Railway contract before passing the latter to colleagues. Ian is responsible for all third party lettings, licences, property management and Landlord and Tenant matters for South Western Railway tenants and has over 24 years experience as a Chartered Surveyor. Ian’s role involves conception of development proposals, development appraisals and working with the client on a range of commercial retail projects taking schemes from inception through to completion.
Prior to joining TPT now AmeyTPT, Ian worked at Jones Lang LaSalle as an Asset Manager within the Shopping Centre and prior to that at CB Hillier Parker as a member of the team managing, leasing and undertaking Landlord & Tenant advisory work for Major Stations.
Call: 02079212935
Email: ian.chalmers@amey.co.uk
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