Lot 7
Freehold Town Centre Investment Gross Yield 15%
In the same ownership for over 43 years
6 Week Completion
Situation
Occupying a prominent corner position at the junction with Harrison Street in the town's main pedestrianised retail thoroughfare, opposite B&M Bargains and amongst other multiple retailers such as CEX, Home Bargains, NatWest, Bonmarché and a variety of independent traders.
Barrow-in-Furness 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
An end of terrace building comprising a Ground Floor Shop with internal access to Ancillary Accommodation on the first, second and third floors. In addition, the property includes a Garage at the rear.
Accommodation¹
| Ground Floor Shop | |
|---|---|
| Gross Frontage | 22'8" (incl. splay) |
| Internal Width | 12'11" |
| Built Depth | 66'3" |
| Area | Approx. 1,045 sq ft |
| First Floor | |
| Area | Approx. 1,020 sq ft |
| Second Floor | |
| Area | Approx. 900 sq ft |
| Third Floor | |
| Area | Approx. 662 sq ft |
| Total Area | Approx. 3,627 sq ft |
| Plus Garage | (Approx. 274 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 (subject to a schedule of condition) to BangBang Pham t/a Coco Nail Spa (having 2 branches) for a term of 10 years from 23rd April 2026 at a current rent of £12,000 per annum exclusive.
Rent Review and Tenant's Break 2031
£1,200 Rent Deposit held.
