70 Dalton Road, Barrow-in-Furness, Cumbria LA14 1JB

Description

Freehold Town Centre Investment Gross Yield 15% In the same ownership for over 43 years 6 Week Completion An end of terrace building comprising a Ground Floor Shop with internal access to Ancillary Accommodation on the first, second and third floors. In addition, the property includes a Garage at the rear. ACCOMMODATION¹ Ground Floor Shop Gross Frontage 22'8" (incl. splay) Internal Width 12'11" Built Depth 66'3" Area Approx. 1,045 sq ft First Floor Area Approx. 1,020 sq ft Second Floor Area Approx. 900 sq ft Third Floor Area Approx. 662 sq ft Total Area Approx. 3,627 sq ft Plus Garage (Approx. 274 sq ft) ¹Not inspected by Barnett Ross. Areas supplied by Vendor. Tenancy: The entire property is let on a full repairing and insuring lease (subject to a schedule of condition) to BangBang Pham t/a Coco Nail Spa (having 2 branches) for a term of 10 years from 23rd April 2026 at a current rent of £12,000 per annum exclusive. Rent Review and Tenant's Break 2031 £1,200 Rent Deposit held.

Accommodation

on the first, second and third floors. In addition, the property includes a Garage at the rear. ACCOMMODATION¹ Ground Floor Shop Gross Frontage 22'8" (incl. splay) Internal Width 12'11" Built Depth 66'3" Area Approx. 1,045 sq ft First Floor Area Approx. 1,020 sq ft Second Floor Area Approx. 900 sq ft Third Floor Area Approx. 662 sq ft Total Area Approx. 3,627 sq ft Plus Garage (Approx. 274 sq ft) ¹Not inspected by Barnett Ross. Areas supplied by Vendor.

Location

Occupying a prominent corner position at the junction with Harrison Street in the town's main pedestrianised retail thoroughfare, opposite B&M Bargains and amongst other multiple retailers such as CEX, Home Bargains, NatWest, Bonmarché and a variety of independent traders. Barrow-in-Furness is the second largest urban area in Cumbria after Carlisle and lies on the Furness Peninsula, close to the Lake District and some 34 miles south-west of Kendal and the M6 (Junction 36).

Auctioneer Source Facts

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Commercial Investment. Verify the legal pack, tenancy schedule, title, condition, finance and local market evidence before fixing a maximum bid.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, repairs, decoration and any structural, roofing, fit-out, common-parts or development works identified.

Rental & Market Context

Where the auctioneer publishes passing rent, that figure should take priority over HB modelling. Otherwise, HB income/value figures are indicative appraisal ranges and require local verification.

Sold within approximately 5 miles

Check recent HM Land Registry transactions and closely matched commercial or residential comparables for tenure, covenant, size, condition and location.

Potential BRRR Position

Refinance potential depends on lender valuation, lease/title, income covenant, completed condition and stress testing. Commercial and mixed-use assets may require specialist finance.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the complete legal pack and special conditions

• Verify tenure, occupational leases and rent schedule

• Inspect condition and obtain contractor quotations

• Confirm planning/use class and development constraints

• Confirm finance, VAT and insurance position

• Allow for Barnett Ross administration fee and any seller costs in the legal pack

Recommendation

Proceed only where verified total project cost and income support the intended commercial investment strategy with adequate contingency and margin.

Strategy Rating

Commercial Income: ★★★★☆ | Development: ★★★☆☆ | Resale: ★★★☆☆