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Sold
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The property comprises a high yielding retail investment let to a popular High Street occupier in an established retail location.
Arranged across ground and first floors, the ground floor is let to Partners The Stationers Limited (t/a Ryman) on a three year lease expiring 10/11/2026 and producing a rent of £6,000 per annum. The lease includes fixed annual uplifts to £8,000 per annum in November 2024 and £10,000 per annum in 2025.
The upper parts are vacant and may offer potential for development/conversion to alternative uses, including residential (subject to obtaining the requisite consents)
The property benefits from a prominent frontage to the pedestrianised Dalton Road within Barrow-in-Furness town centre. The Portland walk shopping centre is to the rear of the property and local occupiers include JD Sports, Boots, The Works and Home Bargains.
Tenure
Freehold
Tenancy
The property is let in its entirety to Partners The Stationers Limited (t/a Ryman) on a three year lease expiring 10/11/2026 and producing a rent of £6,000 per annum. The lease includes fixed annual uplifts to £8,000 per annum in November 2024 and £10,000 per annum in 2025. The lease is on full repairing an insuring terms and includes a tenants break clause in November 2025.
Partners The Stationers Limited are part of the Ryman Group, a well known stationary retailer with over 200 stores nationwide.
Planning
Whilst there are no extant planning consents, the upper parts may offer potential for development/conversion to alternative uses, including residential (subject to obtaining the requisite consents).
Rent
Notes
We understand the property is elected for VAT