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Property Details
Retail / Catering Premises to Let
This is an opportunity to take over a large commercial space in Neath Station. The station serves over 665,000 passengers per year (ORR 2023), with frequent trains to Swansea, Cardiff, Manchester, London Paddington, Chester and Carmarthen.
Speak to one of our experts
Ian Newbury
Rhiann Fleming
Location
This unit is located off the main entrance of Neath station, and a secondary platform facing entrance. Neath station is located along the high street of the market town.
The station currently hosts a Hi Coffee.
Description
A unit of approximately 113 sq metres (1216 sq feet). Use classes to be considered on their merit.
The unit benefits from three phase electric, water and drainage.
Agreement Details
A six year lease is being offered subject to a Landlord’s option to break on six months’ notice in the event that the premises are required for redevelopment of the adjacent station.
The lease will be excluded from the security of tenure provisions of the 1954 Landlord & Tenant Act.
The tenant will meet the Landlord’s reasonable legal costs in granting the lease, estimated at £1750 + VAT.
Rent
The proposed Minimum Guaranteed Rent £11,000 per annum exclusive of VAT, alongside a turnover provision based on the occupant’s commercial venture. Incentives will be considered.
Utilities
The Tenant will be responsible for the costs of all utilities consumed at the premises.
Insurance
The Tenant will be responsible for the procuring insurance appropriate for their tenancy.
Service Charge
The Landlord reserves the right to raise a reasonable Service Charge for the provision of shared amenities.
Rating
The tenant will be responsible business rates.
The April 2023 rateable value is £6,400 and the current rates liability is £3,424 per annum. Prospective tenants should engage with the local ratings authority to confirm ratings liabilities.
Energy Performance
The unit has obtained an EPC rating of C, expiring in June 2033.
Viewing
For further details relating to this property please contact us:
Ian Newbury- Portfolio Manager
Email: ian.newbury@amey.co.uk
Tel: 07568137049
Rhiann Fleming- Assistant Portfolio Manager
Email: rhiann.fleming@amey.co.uk
Tel: 07514635457
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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