Tesco Claregate, 34 Codsall Road, Tettenhall, Wolverhampton WV6 9ED
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£ Confidential
Mar 2024
Acting on behalf of a Wulstan Capital, AP Investment has recently sold a convenience store in Wolverhampton, let to Tesco.
The property was built 10 years ago and is located in Wolverhampton’s Tettenhall residential area on the main Codsall Road. The store lies next to the Claregate pub.
The property is let to Tesco on a 20 year lease from June 2014 with an open market review in 2029.
The price paid reflected an initial yield of 5.75%. The purchaser was represented by Andrew Dixon & Co.
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