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Property Details
Retail / Catering Premises to Let
Stoke Mandeville railway station serves the village of Stoke Mandeville, south of Aylesbury in Buckinghamshire, England. The station is on the London - Aylesbury line and is served by Chiltern Railways trains.
At peak times there are up to 4 trains per hour to London in the morning, and from London (to Aylesbury) in the evening. Some are express services, which omit the stops shared with the Metropolitan line nearer to London.
Passenger number for the station 2022-23 183,476 (source: ORR).
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Ian Newbury
Location
The cafe is located on the ground floor on platform 1 with trains departing to London Marylebone.
Description
The office has vacant possession and has the following approximate floor area, measured on a net internal basis:
• Cafe 16.72 sq m 180 sq ft
There is no additional storage.
WC facilities are located on the station.
Agreement Details
The premises are being offered by way of a new 4-year bi-partite lease. 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. If the tenant requires a longer lease then subject to Network Rail Infrastructure Limited, 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 costs associated with the grant of this lease.
Rent
The landlord is seeking Minimum Guaranteed Rental offers in the region of £4,000 per annum along with supporting turnover rent provision.
User
The landlord is seeking a high quality retail offer.
Other Costs
The incoming tenant will be responsible for all utilities, business rates and service charge.
The incoming tenant will be expected to pay the Landlord’s reasonable legal costs (estimated at £1,200 ex VAT) in connection with the granting of the lease.
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 (Buckingham Council ) reference NO3564225566665 The rates liability for the property is as follows: -
Rateable Value: £6,200
An incoming tenant may benefit from Small Business Rates Relief. Interested parties are to make their own enquiries in this regard.
Energy Performance
The EPC Rating for the unit is E.
Viewing
For further details relating to this property please contact :
Julia Brookes – Portfolio Manager
Email : julia.brookes@amey.co.uk
Tel : 07879 775703
Ian Newbury
Portfolio Manager
Ian is a Chartered surveyor with General Practice experience working on the estate management of Station Portfolios and Infrastructure Assets. He has experience of working on a range of property types and land matters.
Ian joined Amey TPT in March 2019 to work on the Wales and Borders network initially on behalf of Keolis Amey Operations. His role includes station commercialisation, lease advisory services, property management, estate strategy to achieve the ambitious targets set by the grant agreement. He also provides support on the operational estate of the Train Operating Company which has seen a significant piece of work concluded with the demobilisation of KAO and transfer to Transport for Wales Rail Limited.
Following the transfer of the Core Valley Lines assets to Transport for Wales Ian also acts on behalf of the infrastructure manager Amey Infrastructure Wales (formerly Amey Keolis Infrastructure Limited) on land matters. This include management of the commercial estate and various other types of agreements which includes the maintenance of the estate boundary. The work has involved the development and implementation of a land clearance process as well as the challenge of various identified trespass and encroachment matters.
Call: 07568137049
Email: ian.newbury@amey.co.uk
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