6 Week completion
Located within this established parade which includes such multiple retailers as Betfred, Boots Pharmacy, Ladbrokes, Papa John's and Martins and being approx. 1 mile south-east of the town centre.
Welwyn Garden City is a popular Hertfordshire town located approximately 25 miles north of London and benefits from good road access via the A1(M) (Junction 4).
Forming part of a mid terraced building comprising a Ground Floor Supermarket with internal access to Ancillary Accommodation at rear first floor level. In addition, the property benefits from rear access to a service road for unloading together with ample customer parking at the front.
Ground Floor Supermarket
Gross Frontage 88'4"
Internal Width 86'8"
widening at rear to 121'0"
Shop Depth 56'3"
Built Depth 81'2"
GIA Approx. 7,335 sq ft
GIA Approx. 870 sq ft
Total GIA Approx. 8,205 sq ft
VAT is NOT applicable to this Lot
Leasehold for a term of 999 years from 25th March 1996 at a Peppercorn.
The property is let on a full repairing and insuring lease to Co-operative Foodstores Limited (Guaranteed by Co-Operative Group Food Limited) (see Tenant Profile) for a term of 10 years from 18th May 2014 at a current rent of £67,500 per annum exclusive
Rent Review & Tenant's Break May 2019
Co-operative Foodstores Ltd trade from over 2,800 stores across the UK.
They are a fully owned subsidiary of Co-operative Group Ltd who for the year ended 2nd Jan 2016 reported a turnover of £9.3bn, Pre-Tax Profit of £23m and Shareholders' Funds of £2.95bn.
Note: The Co-op also trade from No. 17, but this is not included in the sale.