Offers over
£1,300,000
(£150.92/sq. ft)
Property for sale258-260 Stockport Road, Timperley, Altrincham WA15
8,614 sq. ft
Freehold
About this property
Central location with a diverse mix of national and independent occupiers
Prominent frontage on the south side of Stockport Road, the main arterial route through Timperley connecting to key nearby centres
Let to Bejam Group Limited (guaranteed by Individual Restaurants (irc) Limited) t/a Iceland Food
25-year lease from 29th February 2005, expiring on 27th February 2030 (4.6 years unexpired)
Current passing rent of £117,427 per annum (£13.63 psf)
Description
The property is situated on the south side of Stockport Road, holding a prominent frontage. It forms part of a wider retail parade home to several independent and national occupiers.
Stockport Road is the main arterial route through Timperley, benefitting from consistent vehicle movement, strong footfall, and roadside visibility.
The property comprises a two-storey retail unit of traditional brick construction under a flat roof with a large, double-glazed frontage beneath Iceland’s commercial signage/branding.
Tenancy
The property is let to Bejam Group Limited t/a Iceland Food with a guarantee from Individual Restuarants (irc) Limited on a 25 year-lease from 28 February 2005, expiring on 27th February 2030 (4.6 years unexpired).
The rent is reviewed on a five yearly basis to the greater of open market value or the rent compounded annually at 2.50%. The February 2025 review was agreed at £117,427 per annum (£13.63 psf).
Proposal
We are instructed to seek offers in excess of £1,300,000 (STC) (One Million, Three Hundred Thousand Pounds)
for our client’s Freehold interest, representing the following yield profile after deducting standard purchaser’s costs.
VAT
The property has been elected for VAT purposes. It is anticipated the sale will be dealt with by way of Transfer of a Going Concern (togc).
Capital Allowances
There are no unclaimed capital allowances available to be transferred with the property.
Aml Regulations
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
The property is situated on the south side of Stockport Road, holding a prominent frontage. It forms part of a wider retail parade home to several independent and national occupiers.
Stockport Road is the main arterial route through Timperley, benefitting from consistent vehicle movement, strong footfall, and roadside visibility.
The property comprises a two-storey retail unit of traditional brick construction under a flat roof with a large, double-glazed frontage beneath Iceland’s commercial signage/branding.
Tenancy
The property is let to Bejam Group Limited t/a Iceland Food with a guarantee from Individual Restuarants (irc) Limited on a 25 year-lease from 28 February 2005, expiring on 27th February 2030 (4.6 years unexpired).
The rent is reviewed on a five yearly basis to the greater of open market value or the rent compounded annually at 2.50%. The February 2025 review was agreed at £117,427 per annum (£13.63 psf).
Proposal
We are instructed to seek offers in excess of £1,300,000 (STC) (One Million, Three Hundred Thousand Pounds)
for our client’s Freehold interest, representing the following yield profile after deducting standard purchaser’s costs.
VAT
The property has been elected for VAT purposes. It is anticipated the sale will be dealt with by way of Transfer of a Going Concern (togc).
Capital Allowances
There are no unclaimed capital allowances available to be transferred with the property.
Aml Regulations
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
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