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258-260 Stockport Road 8,614 sq ft Retail Property Altrincham WA15 7UT £1,300,000 (£150.92/sq ft) 8.52% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Natural light
- Display windows
- Signage
EXECUTIVE SUMMARY
Prominent Foodstore Investment Opportunity
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. Internally, the ground floor provides an open-plan retail sales space, fitted out to the tenant’s standard format. There are staff and storage facilities to the rear. The first floor forms additional staff and storage facilities. To the rear, it provides a loading bay and staff parking. The property occupies a site extending to 0.248 acres.
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 on 27th February 2030 (4.6 years unexpired).
Offers in excess of £1,300,000.
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. Internally, the ground floor provides an open-plan retail sales space, fitted out to the tenant’s standard format. There are staff and storage facilities to the rear. The first floor forms additional staff and storage facilities. To the rear, it provides a loading bay and staff parking. The property occupies a site extending to 0.248 acres.
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 on 27th February 2030 (4.6 years unexpired).
Offers in excess of £1,300,000.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
8,614 sq ft
Costar Property Class
C
Year Built
1970
Price
£1,300,000
Price per sq ft
£150.92
Yield
8.52%
NOI
£110,760
Tenancy
Single
Number of Floors
2
Plot ratio
0.81
Total Plot Size
0.24 ac
Frontage
36 ft on 258-260 Stockport Road
AMENITIES
- Security System
- Signage
- Storage Space
NEARBY MAJOR RETAILERS
1 of 8
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258-260 Stockport Road
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