Retail Property (High Street)
A superb opportunity to purchase a two storey commercial property which is currently let to Cash Converters, a multi-million pound company which trade from over 220 stores nationwide, on a 15 year FRI lease with approximately 12 and a half years remaining.
The current rent is £25,000 per annum which gives a rental return in excess of 12%.
The end gable wall also offers scope to use for a advertising hoarding to bring in an extra income subject to gaining any necessary permissions.
The property comprises of a ground floor shop with 1st floor ancillary accommodation above. The first floor offers possible scope for conversion to residential accommodation subject to planning permission. It is well placed in a busy shopping parade.
The partly-pedestrianised Dalton Road is Barrow's main shopping street. The property lies on the pedestrianised section opposite the entrance to Portland Walk Arcade and is surrounded by major national multiple including brands like Barclays Bank and Sports Direct.
The property is held on a 999 lease.
Leasehold.
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