13-15 Bilbrook Rd 2,406 SF Retail Condo Unit Offered at $443,155 CAD in Codsall WV8 1EU
INVESTMENT HIGHLIGHTS
- Let to Tesco Stores Ltd, approx 4 years remaining
- The property sits on the busy retail parade of Bilbrook Road within the busy village of Bilbrook and neighbouring Codsall
- Two bedroom flat on the First Floor.
EXECUTIVE SUMMARY
13 Bilbrook Road is a two storey red bricked retail premises under a pitched tiled roof with single storey extension to the rear for retail storage.
PROPERTY FACTS Sale Pending
| Price | $443,155 CAD |
| Unit Size | 2,406 SF |
| No. Units | 1 |
| Total Building Size | 2,717 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Sale Type | Investment |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 2,717 SF |
| Year Built | 1970 |
| Tenancy | Single |
AMENITIES
- Security System
- Storage Space
1 UNIT AVAILABLE
Unit 13
| Unit Size | 2,406 SF |
| Price | $443,155 CAD |
| Price Per SF | $184.19 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 6.12% |
| NOI | $27,143.27 CAD |
DESCRIPTION
13 Bilbrook Road is a two storey red bricked retail premises under a pitched tiled roof with single storey extension to the rear for retail storage.
SALE NOTES
This property is available freehold. The existing Lease on the premises is as follows:
Tenant - Tesco Store Ltd
Company Registration No - 519500
Lease Commencement - 14th December 2013
LEASE DETAILS:
Term - 15 Year Term
Lease Termination Date - 15th December 2028
Passing Rent - £14,700 per annum
Rent Review - 14th December 2023
Outcome of Rent Review - TBC
Break Clause - 14th December 2023
Tenant Only Break Clause - 14th December 2023 and was not actioned.
A copy of the Lease can be provided upon request.
Interior Photo
Interior Photo
NEARBY MAJOR RETAILERS
