Retail Unit, Oakwood Underground Station

Retail Unit - Oakwood Underground Station

The subject property is located on the right hand side of the forecourt when looking at the station. There is a kitchen and toilet to the right of the unit. Most retailers at the station are independent traders. Retailers include a mini cab office, cafes, restaurants, dry cleaner, women’s fashion and a Western Union. The station is a grade II listed building.

Oakwood station is on the Piccadilly line in zone 5. The station is located on Bramley Road. Trent Park, a former campus of Middlesex University is located opposite the station. A golf course is currently run on the grounds. Three bus services stop in front of the station. There are several retail units on the forecourt of the station.

Use Class

A1

Lease Type

New Lease

Lease Term

The unit is available on a 5-year lease contracted outside the Landlord & Tenant Act and will incorporate an annual RPI rent review.

Legal

Each party is to be responsible for their own legal costs.

Rent

The rent payable to be an agreed minimum guaranteed rent (MGR) based on a percentage of turnover (sales). Net of VAT and exclusive of rates and service charge.

Service Charge

The Landlord reserves the right to introduce a service charge at any time during the lease term to cover all RICS approved reasonable expenditure.  Such charge is to be capped at an agreed amount

Energy Performance Certificate Information

An EPC has been requested from the landlord and will be provided in due course.