Summary - 258-260, STOCKPORT ROAD WA15 7UT
1 bed 1 bath Commercial Property
Long-income unit on a busy arterial route with immediate repositioning potential.
Prominent glazed frontage on Stockport Road — high visibility and strong footfall
Let to Iceland (Bejam Group Ltd) with IRC Ltd guarantee until 27 Feb 2030
Passing rent £117,427 pa (£13.63 psf) after Feb 2025 rent review
Only c.4.6 years of lease term remaining to expiry (tenant break/expiry risk)
Freehold sale price guide: offers in excess of £1,300,000 (VAT elected)
Limited external servicing; small surfaced yard/parking to rear
Good transport links, on-street parking and affluent local catchment
No transferable unclaimed capital allowances; TOGC anticipated
This freehold high-street unit occupies a prominent frontage on Stockport Road, Timperley, trading as a long-established convenience operator. The two-storey brick building with large double-glazed frontage and substantial single-storey rear extension provides a deep sales and storage footprint suitable for continued retail use or asset management.
The property is let to Bejam Group Limited t/a Iceland Food with a guarantee from Individual Restaurants (IRC) Limited on a 25-year lease from 28 February 2005, expiring 27 February 2030 — c.4.6 years unexpired. The agreed passing rent from the February 2025 review is £117,427 pa (£13.63 psf) with five-year reviews to the higher of open market value or compounded 2.5%.
This is a clear-forward income purchase targeted at investors seeking a single-let convenience asset on a busy arterial route in an affluent catchment. Note the short unexpired lease term to expiry in 2030, VAT election, anticipated TOGC sale treatment and no unclaimed capital allowances available for transfer.
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