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Lot 25
15 Bilbrook Road, Codsall, Wolverhampton, West Midlands WV8 1EU

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* Reserve below

£200,000

IN SAME OWNERSHIP FOR OVER 20 YEARS
6 Week completion

SITUATION

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).

PROPERTY

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.

ACCOMMODATION

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

FREEHOLD

TENANCY

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.

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.