The property is a detached former public house converted to a convenience store in 2012 standing on a plot of approximately 0.142 hectares (0.35 acres) with parking for 13 cars.
Location Description
Letchworth is located 38 miles north of London and has an estimated population of approximately 34,000. Pelican Way is situated approximately 1 mile north of the town centre and forms part of the Southfields community and retail centre.
Additional Notes
Let to Tesco Stores Limited for 20 years from 21st February 2012 at a current passing rent of £55,389.62 p.a +VAT.
Rent reviews are 5 yearly upward only to RPI with cap and collar of 4% and 1%pa.
Tenant break option 21 February 2022 (not exercised).