Worcestershire Parkway Station

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Property Details

Catering / Retail Premises to Let

Worcestershire Parkway Station is a new station which opened in February 2020. It is located in Norton, Worcester and is served by train services along the North Cotswold Line, operated by GWR, and Cardiff to Nottingham route, operated by Cross Country Trains. Estimated footfall for the year ending March 2024 was 562,251 entries & exits (source GWR).

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David Corp
David Corp
07708 479441
David Murray
David Murray
020 7921 2936

Location

Retail premises within the main booking hall.

The unit has a net internal area of approximately 22.15 sq. m./238 sq. ft.
It is provided with a 100A 3 phase power supply.
The tenant will have access to WC facilities.

A new bi-partite lease is being offered to 24th June 2028. The lease will be contracted out of the security of tenure provisions 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.

To be agreed.
For retail use, a base Minimum Guaranteed Rent (MGR) together with an Additional Turnover Rent based on an agreed percentage of Turnover (where this exceeds the MGR) depending on use.
A rent deposit will be payable and a credit check will be required. VAT is payable on all rent.

 

The Landlord is seeking a high quality catering operator. Offers from local independent operators/SMEs would be welcome.

The tenant will be responsible for all utilities connections (where needed) and for all utilities consumed. The tenant will be required to pay costs for installing any smart meter for the purposes of monitoring electricity consumption and the tenant will be charged on the basis of the sub-metered readings.

 

There is currently no service charge for the Premises but the landlord reserves the right to introduce any service charge in the future. The tenant will pay towards refuse collection.

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. 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.

 

The tenant shall be responsible for business rates.
A search for the Rateable Value using the station postcode and the Valuation Office Agency website has not provided any detail. It is recommended that interested parties make their own enquiries with the Local Authority to ascertain what business rates will be payable.
Local Authority Wychavon District Council.

An incoming tenant may benefit from Small Business Rates Relief. Interested parties are to make their own enquiries in this regard.

The premises are rated B.

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

Contact

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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