Retail premises for sale in Bath Street, Barrow-In-Furness LA14

6-6a Bath Street, Barrow in Furness
Westmorland & Furness LA14 1LZ

Description:
This investment offers an opportunity to
acquire a well-positioned mixed-use property
in a well-established retail parade which is
close to Barrow’s town centre.

The property comprises a double fronted retail unit at
ground floor, a self-contained residential flat at first floor.

The shop premises is now used as an accountant's office
and benefits from open plan workspace, a walk-in
consultation room, male and female WC’s, a kitchen and
large storeroom to rear.

The flat offers two double bedrooms, a separate kitchen
and lounge dining space and shared family bathroom.

Location:
Barrow comprises a resurging town in
southwest Cumbria, now known as
Westmorland & Furness and is home to BAE
and their expanding aukus Dreadnought
submarine dock.

In addition, Barrow is home to one of Europe's largest wind
farms known as Walney Offshore, comprising 182 turbines
operated primarily by Orsted.

Barrow by 2030 will grow its workforce by a further 10,000
due to the BAE Aukus project, of which 1,500 roles for
apprentices and young engineers has already commenced
as Barrow’s fe colleges expand to train future staff. Orsted
has already established an off-shore wind farm academy
and will deliver a further 500 roles into the district.

The property is most easily accessed from Abbey Road, Barrow’s principle tree lined boulevard access from the
A590. The M6 at j36 links directly to this trunk road and is
35.5miles north-northeast.

Barrow benefits from a direct rail link to Manchester (Oxford
Rd / Piccadilly stations) and Manchester International
Airport.

Leases:
The property has a gross rent roll of £15,800.

• The shop premises are held on a 5yr lease from November
2023 having effective full repairing and insuring terms. The
rent is set at £8,000 per annum exclusive. The Tenant makes
contributions to the maintenance of the common property
parts.

• The residential flat is held on an AST occupational tenancy
from December 2023 for a period of 12months at £7,800 per
annum. The rent is inclusive.

• Outgoings and utilities are at the occupier expense.

Business Rates & Council Tax:
The shop is assessed for business rates at an rv of £8,800.
The first-floor flat is assessed for council tax and is a Band A.

EPC:
The shop and flat are assessed separately:
Shop - Band C (66)
Flat - Band E(40)

Tenure:
The property is held on two titles and is freehold, the interest in
both being of a clean and marketable form without onerous
restriction, tithe or chief rent payment.

Price & Terms:
The property is being offered for sale by private treaty at an
asking sum of £175,000

Proof of funds may be required to be shown on acceptance of an
offer to acquire made in writing to the Agent.

VAT:
The property is not elected for VAT.

Costs:
Each party shall bear their own costs in the matter of this
transaction.