Property Details
Retail Premises to Let
Shankin Station is a terminus station on the Island Line providing rail transport links to the west of the Isle of Wight. Twice hourly services are provided from Shanklin to Ryde Pier Head via Lake, Sandown, Brading, Ryde St John’s and Ryde Esplanade. Passenger figures from the Office of the Rail Regulator state that Shanklin Station had 148,810 passenger entries and exits in 2022/23.
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Eva Puchowska
Ian Chalmers
Location
The premises are in located within the booking hall of the Grade II listed station building. The station was first listed on 14th February 1992.
Description
The property is located immediately opposite the ticket office. The premises trade in an over the counter manner and comprise the following approximate areas:
• Total Area 11.5 sq m 120 sq ft
The tenant will have use of the station WC.
Agreement Details
The premises will be available from 18th August 2024 and are available on either a 3 or 6 year lease. 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 landlords legal costs of £1,000 plus vat associated with the grant of this lease.
Rent
Offers in the region of £2,500.00 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
The landlord wishes to provide their customers and the community that the railway serves with an exceptional quality retail offer. It is expected that interested parties will wish to sell hot and cold drinks, snacks, sandwiches and confectionery.
Insurance
The tenant will be responsible for Building Insurance, currently £410.00 per annum plus Vat.
Rating
The payment of business rates will be the responsibility of the tenant. The Valuation Office Agency advise that the premises are Local authority reference 49001800070001. The rates liability for the property is as follows: -
Rateable Value: £3,050.00
*An incoming tenant may benefit from Small Business Rates Relief. Interested parties are to make their own enquiries in this regard.
Energy Performance
The premises are rated E.
Viewing
For further details relating to this opportunity please contact us:
Eva Puchowska – Portfolio Surveyor
Email: eva.puchowska@amey.co.uk
Tel: 07808 395714
Ian Chalmers – Account 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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