IN SAME OWNERSHIP FOR OVER 20 YEARS
6 Week completion
Located opposite the junction with Withers Road in this established local parade serving the surrounding residential area, nearby a Lloyds Pharmacy, Barclays Bank, William Hill and a variety of other traders benefitting from being just a short walk from Bilbrook Railway Station.
Codsall lies approximately 4 miles north-west of Wolverhampton, 11 miles east of Telford and enjoys good road links via Wobaston Road and the A449 to the M54 (Junction 2).
A semi-detached building comprising a Ground Floor Shop with separate rear access via a front passageway to a Self-Contained Flat on the first floor.
In addition, there is front lay-bay parking.
Ground Floor Shop
Gross Frontage 21'0"
Internal Width 18'6"
Shop & Built Depth 59'7"
Sales Area Approx 1,100 sq ft
First Floor Flat
Not Inspected - Believed to be 2 Bedrooms, Living Room, Kitchen, Bathroom/WC
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to Tesco Stores Limited as a One Stop convenience store (Ultimate parent company - Tesco plc - one of the largest supermarket chains in the UK with over 3,500 stores) for a term of 15 years from 26th December 2013 (renewal of a previous lease - see Note 1) at a current rent of £14,100 per annum exclusive.
Rent Reviews 2018 and 2023
Tenant's Break 2023
Note 1: The lessees or their subsidiaries have been in occupation for over 20 years.
Note 2: The lessees also occupy the adjacent shop (No. 13) which is not included in the sale.
Note 3: The flat is sub-let on an AST.