Barrow in Furness is a busy town and sea port in the county of Cumbria, close to the Lake District National Park and bordered by Morecombe Bay. Lancaster is approximately 50 miles to the south. Barrow in Furness is accessed from the south via the M6 motorway and in turn the A590.
The subject property occpupies a corner position on the southern side of Island Road, at the junction with Steamer Street.
The subject property comprises a ground floor shop with A2 consent, let to Coral Bookmakers.
The premises are predominantly open plan and fitted out with wall mounted TV screens, a suspended ceiling and CCTV. The main trading area is carpeted. There is a secure counter and office area to the rear of the shop. A staff kitchen and storage area is accessed from behind the counter. Within the main retail area there are customer toilets.
A 9 year lease from 25 March 2014 has been signed by Coral Bookers. Coral are currently paying £6,000 per annum exclusive. The new lease is based on £5,500pa for the first 6 months increasing to £6,000pa thereafter until review. A copy of the lease can be found in the legal pack.
Main Area 58m2 622ft2
Ancillary Space 28m2 307ft2
Total 86m2 929ft2
Approx. gross internal floor area.
We understand the property has mains, electricity, water and drainage.
Long leasehold – 250 years from 1 October 2011.
The premises have a current
rateable value of £3,250.
Rates payable (2014 /15) are £1,566.50
The sale of this property is not subject to VAT.
Viewing by Appointment
To view this property, please contact John Pye Property – firstname.lastname@example.org – 0115 970 6060
Coral Book Makers
1b Island Road
Barrow in Furness
✓ 13.3% Yield
✓ Bookmakers since 1994
✓ Rental income – £5,500 pax
✓ Excellent covenant strength
✓ Prominent location
✓ Recently refurbished unit
✓ Staff kitchen
✓ 9 year lease from 25 March 2014
Richard Reed, RICS
Phone: 0115 970 6060
Our Ref: PR004