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Retail / Catering Premises to Let
This unit is an exciting opportunity to be the first occupant of this brand new Interchange building where rail and bus passengers will converge. This will be the only commercial unit on the site. Prior to its redevelopment the ORR 2023 figures show the station serving over 151,000 passengers per annum. This number will be set to grow considerably with the addition of the bus passengers and the increased train journeys as part of the Metro.
Speak to one of our experts
Ian Newbury
Rhiann Fleming
Location
The Interchange is located at the centre of Porth a short walk from the main high street. Porth offers a 60 space car park with EV charging.
The Interchange houses a single commercial unit to the southern end of the development off the ticket hall of the railway station with an external access to the unit also provided. With its walls of windows this unit has wonderful visibility to the adjacent high street as well as the station platforms.
Description
Unit 1 is approximately 98sq metres (1060 sq feet).
The unit benefits from power, water and drainage. It is presented in shell condition and will require fit out appropriate to the proposed use.
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 £1500 + VAT.
Rent
We are inviting offers of a Minimum Guaranteed Rent at £6,000 per annum with a provision for turnover rent.
A reasonable rent free period will be allowed.
Utilities
The tenant will be responsible for the costs of all utilities consumed at the premises.
Insurance
The tenant is responsible for procuring appropriate insurance for their occupation of the unit.
Service Charge
The tenant will be responsible for the costs of all utilities consumed at the premises.
Rating
The tenant will be responsible business rates.
Energy Performance
An EPC will be completed in advance of the letting completion and will be made available upon request.
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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