Entirely let to Co-operative Foodstores Ltd (guaranteed by Co-Operative Group Food Ltd)
Let by way of a reversionary lease expiring in 2036 (subject to option)
RPI linked rent review in 2029 & 5 yearly thereafter (2% min & 5% max)
Comprising 5 interconnecting shops and first floor ancillary accommodation
Total GIA approx. 762.25 sq. m. (8,205 sq. ft.)
Nearby occupiers include Papa Johns, Boots, Medivet, Betfred and Ladbrokes
VAT-free Investment
Lot 16
Auction 12th February 2026
Rent £100,000 per Annum
Status Available
Guide* £1,200,000 - £1,250,000
Sector Supermarket/Convenience
Auction Venue Live Streamed Auction
Property Information
Location
Miles
7 miles west of Hertford, 10 miles south of Stevenage, 24 miles north of Central London
Roads
A1(M) (Junctions 4, 5 & 6), A1000,
M25 (Junction 23)
Rail
Welwyn Garden City Railway Station
Air
London Luton Airport
Situation
The property is located on Cole Green Lane, a well-known neighbourhood retail parade serving the surrounding residential area to the east of the town centre. The location benefits from strong local footfall and passing traffic, with Welwyn Garden City Railway Station providing regular mainline services to London King’s Cross in approximately 25 minutes. Nearby occupiers include Papa Johns, Boots, Medivet, Betfred and Ladbrokes amongst a wide range of local businesses.
Tenure
Virtual Freehold. Held on a lease for 999 years from 25th March 1996 at a peppercorn rent
Location
Miles
7 miles west of Hertford, 10 miles south of Stevenage, 24 miles north of Central London
Roads
A1(M) (Junctions 4, 5 & 6), A1000,
M25 (Junction 23)
Rail
Welwyn Garden City Railway Station
Air
London Luton Airport
Situation
The property is located on Cole Green Lane, a well-known neighbourhood retail parade serving the surrounding residential area to the east of the town centre. The location benefits from strong local footfall and passing traffic, with Welwyn Garden City Railway Station providing regular mainline services to London King’s Cross in approximately 25 minutes. Nearby occupiers include Papa Johns, Boots, Medivet, Betfred and Ladbrokes amongst a wide range of local businesses.
Tenure
Virtual Freehold. Held on a lease for 999 years from 25th March 1996 at a peppercorn rent
Description
The property comprises 5 interconnecting shops on the ground floor and first floor ancillary accommodation. Please note that the tenant also occupies & trades from 17 Cole Green Lane which is not included in the property to be sold.
The property benefits from service access to the rear.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises 5 interconnecting shops on the ground floor and first floor ancillary accommodation. Please note that the tenant also occupies & trades from 17 Cole Green Lane which is not included in the property to be sold.
The property benefits from service access to the rear.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (GIA)
Floor Areas Approx sq ft (GIA)
Tenant
Term
Rent p.a.x.
RPI linked Rent Reviews
Ground First
Retail Ancillary
681.43 80.82
(7,335) (870)
CO-OPERATIVE FOODSTORES LIMITED (guaranteed by CO-OPERATIVE GROUP FOOD LIMITED) (1)
20 years by way of a reversionary lease expiring 31/03/2036 (2) with RPI linked reviews (min 2% & max 5%)
£100,000
2029 2034
Total GIA
762.25
(8,205)
£100,000
N.B Approximate floor areas provided by the vendor. (1) For the period ending 06/01/2024, Co-Operative Group Food Limited reported a revenue of £8,495,800,000., pre-tax profits of £8,300,000. and net assets of £1,873,900,000.(Source: Annual Return and Accounts for the period ending 06/01/2024 as published at Financial Conduct Authority on 10/04/2025). (2) The tenant (whilst Co-op or a Group Company) has an option to determine the lease on 31st March 2031. If the break option is exercised by the tenant, a break penalty equivalent to 3 months rent is payable when exercising the break.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
