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Property Details
Retail / Catering / Community Opportunity to Let
Warwick Station provides a well-connected retail opportunity serving commuters, local residents and visitors to this historic market town.
Positioned on the Chiltern Railways route between Birmingham and London Marylebone, the station benefits from regular passenger flows, nearby residential areas and strong links to Warwick town centre, Warwick Castle and surrounding employment and education destinations. The location offers good potential for a
convenient grab-and-go, coffee or everyday retail offer serving both rail users and the wider local catchment.
The station enjoys an estimated 619,458 passengers per annum.
Speak to one of our experts
Ian Newbury
Location
The unit is located in the main station building. The unit offers dual access from the platform and the entrance area from the road.
Description
The premises is available in a shell condition following the re-development of the station to provide a new access for all bridge scheme. Inspection is highly
recommended to confirm the unit meets business
needs.
Agreement Details
The premise is being marketed with vacant possession and being offered by way of a new lease (bi-partite or tri-partite), for a term to be agreed. The lease will be contracted out of the security of tenure provisions of the 1954 Landlord & Tenant Act.
Standard Railway Lease Terms will apply with no assignment or sub-letting permitted. A longer lease term may be permitted subject to Network Rail Ltd
consent.
Rent
The Landlord is seeking MGR offers in the region of £5,000 per annum
A turnover rent where sells exceed the MGR will be due on percentages to be agreed
Other Costs
The tenant will be responsible for all utilities, business rates and service charge.
The tenant will be expected to make a contribution to the Landlords legal costs in connection with the granting of a new 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 which 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 to advise on rates liability for the property.
Energy Performance
The EPC rating is TBC.
Viewing
For further details relating to this property please contact us:
Ian Newbury – Senior Portfolio Manager
Email: ian.newbury@amey.co.uk
Tel: 07568 137049
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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