Retail premises for sale in Dalton Road, Barrow-In-Furness LA14
Guide price
£170,000 (£60.67/sq. ft)
Investment
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Retail premises for sale
Property description
• Entirely let to Coral Racing Ltd on a lease expiring 2031 without breaks (Not in Occupation)
• The property comprises a ground floor betting office with residential upper floors (sublet)
• The first and second floors comprise two self-contained two-bedroom maisonettes
• Opposite Barrow Market which is part of the £17.5m Regeneration of Barrow Town Centre
• Guide Price £170,000 No VAT payable
The property is situated on the south side of Dalton Road, close to its junction with Church Street, in the town centre of Barrow-in-Furness, which is in South Cumbria and the North West of England.
Barrow-in-Furness is the principal town of South Cumbria and is situated on the coast of the southern county boundary, bordered to the southeast by Morecambe Bay, the Irish Sea to the west and the Duddon Channel to the north. Barrow is connected by the A590 which leads to Junction 36 of the M6 motorway some 30 miles east providing links to the north and south.
The town has a resident population of 69,100 (2011 Census) and whilst it is very much known for its industrial and shipbuilding heritage, it lies just 12 miles south of The Lake District National Park. The town has a weighted retail catchment in excess of 70,000 people and a greater district catchment in excess of 108,000 being one of South Cumbria's main retail destinations. Barrow has benefited from substantial inward investment in recent years to improve the Port and Marina facilities and the waterfront in general. Major employers include BAE Systems, Siemens and Kimberley Clark.
Dalton Road is one of the main retailing areas in the town centre and the subject property is opposite Barrow Market which is part of the £17.5m regeneration scheme with works commencing in the Summer of 2024. The bottom end of Portland Walk, which provides prime retailing is a short distance to the west and BAE Systems have purchased part of the scheme, formerly occupied by Debenhams, wh Smith and The Body Shop and is redeveloping the buildings to create an educational and training hub for new recruits and recent graduates, also offering an interactive submarine experience and the role Barrow has in the UK's defence industry. Work has already begun on Phase I, developing a multi-agency recruitment office and this will attract trainees from all over the UK and the scheme will increase footfall around the town centre.
The property comprises a three-storey mid-terrace building occupying a prominent corner position at the junction of Dalton Road and Church Street.
The ground floor provides a vacant retail unit, formerly being a betting office with a front sales area, with WCs and storage.
The residential accommodation provides two self-contained maisonette apartments, both arranged with front and rear separate entrances, kitchens and living/dining rooms at first floor and two bedrooms and bathrooms at second floor.
The property provides the following approximate floor areas:
Ground Floor 107.30 m² 1,155 sq ft
Upper Floors 153.00 m² 1,647 sq ft
Total 260.30m² 2,802 sq ft
N.B. Not inspected by Edwin Thompson, Commercial floor areas sourced from Valuation Office Agency, and residential areas from EPC's.
50 Dalton Road B40 14 March 2032
50A Dalton Road D60 23 October 2028
122 Church Street E41 21 January 2031
The building is let to Coral Racing Ltd, on a full repairing and insuring lease for a term of 20 years, from 24.09.2011, with five yearly rent reviews at a current passing rent of £24,990 per annum, the next review/reversion being 2031.
Each party to bear their own legal costs in the preparation and settlement of any sale documentation together with any VAT thereon.
The property is being offered at the Allsop Public Auction - 2nd May 2024.
The property is available to view by prior appointment with Edwin Thompson llp. Contact:
John Haley/Ellie Oakley at our Kendal office.
• The property comprises a ground floor betting office with residential upper floors (sublet)
• The first and second floors comprise two self-contained two-bedroom maisonettes
• Opposite Barrow Market which is part of the £17.5m Regeneration of Barrow Town Centre
• Guide Price £170,000 No VAT payable
Location
The property is situated on the south side of Dalton Road, close to its junction with Church Street, in the town centre of Barrow-in-Furness, which is in South Cumbria and the North West of England.
Barrow-in-Furness is the principal town of South Cumbria and is situated on the coast of the southern county boundary, bordered to the southeast by Morecambe Bay, the Irish Sea to the west and the Duddon Channel to the north. Barrow is connected by the A590 which leads to Junction 36 of the M6 motorway some 30 miles east providing links to the north and south.
The town has a resident population of 69,100 (2011 Census) and whilst it is very much known for its industrial and shipbuilding heritage, it lies just 12 miles south of The Lake District National Park. The town has a weighted retail catchment in excess of 70,000 people and a greater district catchment in excess of 108,000 being one of South Cumbria's main retail destinations. Barrow has benefited from substantial inward investment in recent years to improve the Port and Marina facilities and the waterfront in general. Major employers include BAE Systems, Siemens and Kimberley Clark.
Dalton Road is one of the main retailing areas in the town centre and the subject property is opposite Barrow Market which is part of the £17.5m regeneration scheme with works commencing in the Summer of 2024. The bottom end of Portland Walk, which provides prime retailing is a short distance to the west and BAE Systems have purchased part of the scheme, formerly occupied by Debenhams, wh Smith and The Body Shop and is redeveloping the buildings to create an educational and training hub for new recruits and recent graduates, also offering an interactive submarine experience and the role Barrow has in the UK's defence industry. Work has already begun on Phase I, developing a multi-agency recruitment office and this will attract trainees from all over the UK and the scheme will increase footfall around the town centre.
Description
The property comprises a three-storey mid-terrace building occupying a prominent corner position at the junction of Dalton Road and Church Street.
The ground floor provides a vacant retail unit, formerly being a betting office with a front sales area, with WCs and storage.
The residential accommodation provides two self-contained maisonette apartments, both arranged with front and rear separate entrances, kitchens and living/dining rooms at first floor and two bedrooms and bathrooms at second floor.
Accommodation
The property provides the following approximate floor areas:
Ground Floor 107.30 m² 1,155 sq ft
Upper Floors 153.00 m² 1,647 sq ft
Total 260.30m² 2,802 sq ft
N.B. Not inspected by Edwin Thompson, Commercial floor areas sourced from Valuation Office Agency, and residential areas from EPC's.
Energy performance certificates
50 Dalton Road B40 14 March 2032
50A Dalton Road D60 23 October 2028
122 Church Street E41 21 January 2031
Lease terms
The building is let to Coral Racing Ltd, on a full repairing and insuring lease for a term of 20 years, from 24.09.2011, with five yearly rent reviews at a current passing rent of £24,990 per annum, the next review/reversion being 2031.
Legal costs
Each party to bear their own legal costs in the preparation and settlement of any sale documentation together with any VAT thereon.
Proposal
The property is being offered at the Allsop Public Auction - 2nd May 2024.
The property is available to view by prior appointment with Edwin Thompson llp. Contact:
John Haley/Ellie Oakley at our Kendal office.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
Arrange Viewing
For more information about this property, please contact
Edwin Thompson, LA9 on +44 1539 291016 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Edwin Thompson, and do not constitute property particulars. Please contact Edwin Thompson for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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