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
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.
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
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.
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.
