Property Details
Catering / Retail / Community Opportunity to Let
Yeovil is a town in South Somerset, known for its defence and helicopter industries, located close to the Dorset border. Yeovil Pen Mill is the closer of the two rail stations to Yeovil town centre. The opportunity available comprises a retail café premises on platform 1, from which there are services to London Waterloo. From data supplied by the ORR, Yeovil Pen Mill Station had 120,742 passenger entries and exits in 2021/22 and 2,321 passenger interchanges.
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David Corp
David Murray
Location
The premises are located within the station building to the left of the main entrance / exit.
Description
Retail premises with both roadside access and platform access, comprising serving / customer seating area, kitchen plus small storage room.
• Retail Cafe 28.93sqm 311sqft
Mains services of electric and water are provided.
Agreement Details
A new bi-partite lease is being offered to 24th June 2028. The lease will be contracted out of the security of tenure provisons of the 1954 Landlord and Tenant Act. Standard Railway Lease Terms will apply. The lease will not permit assignment or subletting. There will be a landlord’s option to break on six months’ notice or 28 days in case of urgent station works. The incoming tenant will be expected to pay approximately £1,000 plus VAT for landlord legal costs associated with the grant of this lease.
Rent
To be agreed.
For retail use, a Minimum Guaranteed Rent (MGR) together with an Additional Rent based on an agreed percentage of Turnover (where this exceeds the MGR) depending on use.
A rent deposit will be payable. VAT is payable on all rent.
User
The landlord is looking to secure a high quality catering operator and will welcome approaches from local independent businesses
Utilities
The tenant will be responsible for all utilities connections (where needed) and for all utilities consumed. Electricity consumption on the premises are monitored through a Smart Meter and usage will be billed quarterly in arrears.
Service Charge
There is currently no service charge for the Premises but the landlord reserves the right to intoduce any service charge in the future. The tenant will pay towards refuse collection.
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 qualiy shopfit. The works and signage will require the Landlords consent and technical consent of the Superior Landlord, Network Rail Infrastructure Limited. The shopfit must be of high quality with the use of energy efficient equipment.
Rating
The payment of business rates will be the responsibility of the tenant.
The Valuation Office Agency advise that the premises are Local Authority (S.Somerset) reference 069555.
The rates liability for the property is as follows : Rateable Value : £1,200.
Based on the current rate multiplier of £0.512 for 2023/24 Rates Payable 23/24 Rates Year: £614.40
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 E113, certificate number 3130-3398-4771-9903-8717
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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