45 - 52 Duke Street Barrow-in-Furness Cumbria LA14 1RU

45 - 52 Duke Street
Barrow-in-Furness
Cumbria
LA14 1RU

Freehold Retail Investment

Entirely let to Wilko Retail Limited until 2030 (no breaks)
Five yearly fixed rental increases rising to £267,471 p.a.x. in 2020 and £295,309 p.a.x. in 2025
Situated adjacent to the Portland Walk Shopping Centre and The Forum Theatre
Nearby occupiers include Debenhams Department Store, The Body Shop, WH Smith, Topshop, Waterstones and Boots The Chemist
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
29
Auction
30th March 2017
Rent
£242,256 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Joint LPA Receivers

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Freehold Retail Investment

Entirely let to Wilko Retail Limited until 2030 (no breaks)
Five yearly fixed rental increases rising to £267,471 p.a.x. in 2020 and £295,309 p.a.x. in 2025
Situated adjacent to the Portland Walk Shopping Centre and The Forum Theatre
Nearby occupiers include Debenhams Department Store, The Body Shop, WH Smith, Topshop, Waterstones and Boots The Chemist
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 29
Auction 30th March 2017
Rent £242,256 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Joint LPA Receivers

Property Information

Location

Miles: 67 miles north of Preston, 71 miles south of Carlisle, 97 miles north-west of Leeds
Roads: A590, A595, M6 (Junction 36)
Rail: Barrow-in-Furness Railway Station
Air: Manchester Airport

Situation

The property is situated in a prominent corner position on the east side of pedestrianised Duke Street in the heart of the town centre. The property is adjacent to The Forum Theatre, a large multi-storey car park and the Portland Walk Shopping Centre which houses retailers including Debenhams Department Store, The Body Shop, WH Smith, Topshop, Waterstones and Boots The Chemist. The property benefits from being situated on a busy pedestrian walkway which connects the Shopping Centre and Duke Street.

Tenure

Freehold.

Location

Miles: 67 miles north of Preston, 71 miles south of Carlisle, 97 miles north-west of Leeds
Roads: A590, A595, M6 (Junction 36)
Rail: Barrow-in-Furness Railway Station
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial, purpose built retail unit which provides ground and first floor retail accommodation with ancillary accommodation on the second floor. The property can also be accessed from an additional entrance on the second floor via a footbridge from the adjacent car park. Please note that this footbridge is outside of the seller’s ownership.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.