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Lot 13 Click here for addendum

By Order of Trustees - Freehold Commercial Investment
In same family ownership for over 50 years
Gross Yield 22%

Situation

Located in the town's main pedestrianised retail thoroughfare amongst such other multiple retailers including The Works, McDonald's, Ryman, Shoe Zone, Costa Coffee, Halifax and Poundland.
Barrow is the second largest urban area in Cumbria after Carlisle and lies on the Furness Peninsula, close to the Lake District and some 34 miles south-west of Kendal and the M6 (Junction 36).

Property

A mid terrace building comprising a Ground Floor Shop with Storage on the first and second floors.

Accommodation¹

Ground Floor Shop
Gross Frontage 12'9"
Built Depth 61'0"
Area Approx. 601 sq ft
First Floor
Staff Kitchen &
Open Plan Rest Space Approx. 398 sq ft plus WC
Second Floor
2 Rooms Area Approx. 450 sq ft

Total Area Approx. 1,449 sq ft

¹Not inspected by Barnett Ross. Areas supplied by Vendor.

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to Greggs Plc (having over 1,850 branches) for a term of 15 years from 26th November 2004 (holding over) at a current rent of £27,500 per annum exclusive.

Note: There is a 6 Week Completion.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

136 Dalton Road, Barrow-in-Furness, Cumbria LA14 1JH