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
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Joint LPA Receivers
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

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
  • 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

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.

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.

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.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground
First
Second
Retail/Ancillary
Retail/Ancillary
Ancillary
1,221.00 sq m
1,221.00 sq m
750.00 sq m
(13,143 sq ft)
(13,143 sq ft)
(8,073 sq ft)
WILKO
RETAIL
LIMITED (1)

30 years from
20/10/2000 until
19/10/2030 on a full
repairing and insuring
lease
£242,256
Fixed rental
increases - rising
to £267,471 p.a.x
on 20/10/2020 and
£295,309 p.a.x on
20/10/2025
Total  
3,192.00 sq m
(34,359 sq ft)
    £242,256
 

1) For the year ending 30th January 2016, Wilko Retail Limited reported a turnover £1,464,475,000, pre-tax profits of £25,955,000 and a total new worth of £182,398,000 (Source: Experian Group 19/01/2016).

Property Documents

  • Site Plan
    Updated Date
    08.03.17
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    08.03.17
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
DWF LLP 5 St Paul's Square, Old Hall Street
Liverpool
L3 9AE
Abigail Dry 0151 9073 438abigail.dry@dwf.law

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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