126 Peartree Lane, Welwyn Garden City, Hertfordshire AL7 3XW

SITUATION
Located close to the junction with Mill Green Road in this residential
area, adjacent to both Peartree Primary School and Peartree Lane
Doctors’ Surgery and being approx. ¾ mile from the town centre and
Railway Station.
Welwyn Garden City is a popular Hertfordshire town located approx.
25 miles north of London and benefits from good road access via the
A1(M) (Junctions 4, 5 & 6).

PROPERTY
A semi-detached building comprising a Ground Floor Shop with
internal access to Ancillary Accommodation on the first floor.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 20'1"
Internal Width 18'11"
Shop Depth 54'9"
Built Depth 58'9"
Area Approx. 1,000 sq ft

First Floor Ancillary
Area Approx. 600 sq ft incl. WC

Total Area Approx. 1,600 sq ft


VAT is applicable to this Lot

TENURE
Leasehold for a term of 125 years (less 6 days) from
9th September 1992 (thus having approx. 91 years unexpired) at
a fixed ground rent of £100 p.a.

TENANCY
The entire property is let on a full repairing and insuring lease (refer
to lease) to One Stop Stores Limited (a subsidiary of Tesco and
having over 1,000 branches) (T/O for Y/E 22.02.25 £1.29bn, Pre-
Tax Loss £2.6m and Shareholders’ Funds £145.3m) for a term from
21st February 2025 to 31st July 2037 at a current rent of £17,000 per
annum exclusive.

Rent Reviews 2027 and 2032

Tenant’s Breaks 2032 and 2037

Note: The adjacent semi-detached unit, which has been trading
as ‘One Stop’ for at least approx. 20 years, interconnects with
Unit 1 at ground floor level, but it is not included in the sale.