227/231 Duke Street Barrow in Furness, Cumbria LA14 1XT
Location Estimated District Population: 71,000 Miles: 34 miles west of Kendal 47 miles north-west of Lancaster
Roads: A590, A595
Position The property is located in a prominent position on Duke Street, one of the main roads linking the town centre with the A590, a short distance north-west of the prime retail facilities and close to the Hindpool and Hollywood Retail Parks.
For identification purposes only – please see title documentation.
Nearby: Travis Perkins, Hindpool and Hollywood Parks, where Aldi, Apollo Cinema, Top Ten Bingo, Currys, Dreams, McDonald’s, Pizza Hut, KFC and Tesco are represented
Rent £18,000 pa
Prominent Freehold Trade Counter Investment
• Let to HSS Hire Service Group Ltd with guarantee from Berendsen plc
• Lease expires June 2020
• VAT- free investment and 6Week Completion Available
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The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Cleggs Solicitors. t: 0115 977 5800. e: it@cleggssolicitors.com Ref: I Torr Esq.
Accommodation Ground
Trade Counter/Warehouse Total Commercial Area
Description TRADE COUNTER arranged on the ground floor only. The property benefits from on-site car parking for about 10 vehicles.
Tenure Freehold.
Tenant HSS HIRE SERVICE GROUP LIMITED (1) with a guarantee from BERENDSEN PLC (2)
Lease Term: 25 years from 24th June 1995 Basis: FRI Rent: £18,000 per annum Review: 2015 Expiry: June 2020
(1) Trading as HSS Hire Shop, who for the year to 12/10 reported a total turnover of £160 million, pre-tax profit of £13.5 million and total assets of £162.7 million. (Source: One Source One-Stop Report)
(2) Berendsen plc for the year to 12/10, reported total revenue of £986 million, net income before tax of £34.6 million and total assets of £1.427 billion. (Source: One Source One-Stop Report)