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    Key features

    • High Yielding Retail Investment
    • Let to William Hill Organization Limited
    • First Time on Market in 30+ Years
    • 10 Years Term Certain
    • Annual Rent of £15,000
    • Index Linked Rent Reviews
    • Rent Reflects Gross Yield of 10% on Guide Price
    • No VAT

    Description

    The property comprises a ground floor retail unit forming part of a popular local parade.

    The property is let in its entirety to William Hill Organization Limited on a new 15 year lease producing £15,000 per annum. The lease includes 5 yearly rent reviews linked to the Consumer Price Index (CPI). The upper parts have been sold off on a long leasehold basis.

    The property forms part of a popular local retail parade in Codsall on the outskirts of Wolverhampton.

    Additional information

    Tenure

    Freehold

    Tenancy

    The property is let to William Hill Organization Limited on a new 15 year lease paying a rent of £15,000 per annum. The lease includes five yearly rent reviews linked to the Consumer Price Index (CPI) with a "cap and collar" of 5%-10%.

    There is a tenants break option in the 10th year of the lease.


    The upper parts have been sold off on a long leasehold basis.

    Rent

    £15,000 per annum
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      • Billbrook Station - 0.3 miles
      • M54 Motorway - 1.6 miles
      • Wolverhampton - 4.1 miles

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums