Property Details
Catering / Mobile Retail Opportunity to Let
An opportunity exists for a pop up mobile coffee operator to trade from an area at the front of GWR Tiverton Parkway station. Estimated footfall for GWR Tiverton Parkway Station for the year ending March 2023 was 548,841 entries and exits (source GWR).
Speak to one of our experts
David Corp
David Murray
Location
Tiverton Parkway Station is situated on GWR’s Bristol to Exeter line, 6 miles from Tiverton Town Centre and close to Junction 27 of the M5 Motorway and the A361 North Devon Link Road.
The mobile coffee site is located at the front of Tiverton Parkway Station on a paved forecourt.
Description
A mobile trading opportunity for a self-contained coffee trailer (dimensions to be agreed) plus space for one only A-Board displaying a menu and prices (size to be agreed)
Mains services of electric and water can be provided if required, subject to the payment of a costs contribution by the licensee to the licensor in the sum £1,000+VAT.
Agreement Details
A new periodic licence agreement is being offered. The licence will be contracted out of any security of tenure provisons of the 1954 Landlord and Tenant Act. Standard Railway Lease Terms will apply. The licence will not permit assignment or subletting. There will be a licensor’s option to break on six months’ notice or 28 days in case of urgent station works. The incoming licensee will be expected to pay approximately £1,000 plus VAT for licensor’s legal costs associated with the grant of this licence.
Rent
To be agreed. For retail use, a base Minimum Guaranteed Licence Fee (MGLF) together with an Additional Turnover Licence Fee based on an agreed percentage of Turnover (where this exceeds the MGLF) depending on use.
A licence fee deposit will be payable and a credit check will be required. VAT is payable on all licence fees.
User
The Landlord is looking to secure a high quality catering operator(s) and will welcome offers from local independent businesses.
The site is considered suitable for a coffee retailer trading daily during morning commuter periods.
Utilities
The licensee will be responsible for all utilities connections (where needed) and for all utilities consumed. The licensee will be required to pay costs for installing any smart meter for the purposes of monitoring electricity consumption and the licensee will be charged on the basis of the sub-metered readings.
Service Charge
There is currently no service charge for the Premises but the licensor reserves the right to intoduce any service charge in the future. The licensee will pay towards refuse collection.
Shop Fitting
The licensee will be required to provide plans / photographs / specifications evidencing a high quality mobile coffee unit using energy efficient equipment. Delivery / installation / commissioning will need to be undertaken by professional qualified contractors. The licensee’s delivery / installation / commissioning works and any signage will require the licensor’s consent and potentially the technical consent of Network Rail Infrastructure Limited.
Rating
The payment of business rates will be the responsibility of the licensee.
Energy Performance
Not applicable.
Street Trading Licence
Licensees should contact the local Council to determine whether a separate street trading licence
needs to be applied for.
Viewing
For further details relating to this property please contact us:
David Corp – Senior Surveyor
Email: david.corp@amey.co.uk
Tel: 07708 479441
David Murray – Senior Portfolio Manager
Email: david.murray@amey.co.uk
Tel : 0207 921 2936
David Corp
Senior Surveyor
David has 20 years’ experience in commercial property management including 4 years’ experience in Asset Management (commercial).
David joined AmeyTPT in November 2020 and is working on the GWR account managing new lettings, lease and licence renewals and reviews, client development advice and general estate management.
Call: 07708 479441
Email: david.corp@amey.co.uk
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