So the expected announcement came last week of Network Rail starting to sell part of its commercial property portfolio. It enables Network Rail to focus on its core business.

Good news for potential investors, many of whom have felt that railway property has been something of a missed opportunity over the years.

Dealing with any property in the vicinity of the railway is not without added complications. Statutory licensing and consents as well as access regulation along with a modified planning and landlord and tenant regime all lie in wait for the unwary. There is also the prospect of having to enter into access protection arrangements with Network Rail.