Units 1, 2 & 3, 121-129 Dalton Road Barrow-in-Furness Lancashire LA14 1HZ

Units 1, 2 & 3, 121-129 Dalton Road
Barrow-in-Furness
Lancashire
LA14 1HZ

Prime High Yielding Freehold Retail Investment

Prime pedestrianised trading location close to Portland Walk Shopping Centre
Part let to Ryman on renewed lease from November 2023 (tenant in occupation since 2007)
Part let to The Entertainer until January 2028 (no breaks)
Approximately 9,692 sq ft including part vacant first floor of 2,874 sq ft (no empty rates)
Nearby occupiers include B&M, Poundland, Sports Direct, The Works, Boots Pharmacy, Superdrug, McDonald's, Costa Coffee and Greggs

Lot
17
Auction
13th December 2023
Rent
£39,000 per Annum Exclusive
rising to £41,000 pax in November 2024
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

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Prime High Yielding Freehold Retail Investment

Prime pedestrianised trading location close to Portland Walk Shopping Centre
Part let to Ryman on renewed lease from November 2023 (tenant in occupation since 2007)
Part let to The Entertainer until January 2028 (no breaks)
Approximately 9,692 sq ft including part vacant first floor of 2,874 sq ft (no empty rates)
Nearby occupiers include B&M, Poundland, Sports Direct, The Works, Boots Pharmacy, Superdrug, McDonald's, Costa Coffee and Greggs

Lot 17
Auction 13th December 2023
Rent £39,000 per Annum Exclusive rising to £41,000 pax in November 2024
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 17 miles north-west of Lancaster, 32 miles north of Preston
Roads: A590, A595
Rail: Barrow-in-Furness Train Station
Air: Manchester Airport

Situation

The property is prominently situated on the west side of the pedestrianised Dalton Road, in the heart of Barrow-in-Furness town centre and close to Portland Walk Shopping Centre. Nearby occupiers include B&M, Poundland, Sports Direct, The Works, Boots Pharmacy, Superdrug, McDonald's, Costa Coffee and Greggs

Tenure

Freehold.

Location

Miles: 17 miles north-west of Lancaster, 32 miles north of Preston
Roads: A590, A595
Rail: Barrow-in-Furness Train Station
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises two shops (one double-fronted) arranged on the ground and part first floors with vacant accommodation arranged on the part first floor (above Unit 3). The property benefits from a loading bay to the rear.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Units 1 & 2	Ground First	Retail/Ancillary Retail/Ancillary	294.13 191.47	(3,166) (2,061)	THE ENTERTAINER (AMERSHAM) LIMITED (1) (t/a The Entertainer)	Approximately 10 years from 01/05/2017, expiring 31/01/2028	£33,000
Unit 3	Ground	Retail/Ancillary	147.80	(1,591)	PARTNERS THE STATIONERS LIMITED (t/a Ryman)	3 years from 11/11/2023 (2)	£6,000 rising to £8,000 in November 2024 and £10,000 in November 2025
Unit 3	First	Ancillary	267.00	(2,874)	VACANT	-	-
Total			900.40	(9,692)			£39,000

(1) For the year ending 28th January 2023, The Entertainer (Amersham) Limited reported a turnover of £220,747,000, a pre-tax profit of £7,653,000 and a net worth of £46,213,000 (www.northrow.com)
(2) The lease is subject to a tenant only option to determine on 11/05/2025.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.