Status: Completed
Tenure: Freehold
Fantastic Commercial Investment Opportunity for Sale in CumbriaFantastic Commercial Investment Opportunity for Sale in CumbriaFantastic Commercial Investment Opportunity for Sale in Cumbria
Priced At O.I.R.O.
£119,950 + SAV

Fantastic Commercial Investment Opportunity for Sale in Cumbria

Completed
  • Reference: 1478
  • Location: Barrow-In-Furness, Cumbria
Hilton Smythe welcomes to the market this fantastic commercial property, an ideal investment opportunity for any discerning entrepreneur.

The property is split over three storeys with the ground floor presently, and for the last 32 years, occupied by Bright Ideas, a gift shop owned by our client. The property only is for sale as our client looks towards retirement.

The substantial size of the property lends towards a multitude of potential uses, possibly retaining the retail area on the ground floor, and subject to planning permission altering the two upper levels for conversion into two flats to be used as either owner accommodation or let out to generate additional revenue, easily achievable by a professional investor. Access to the first and second floors would need to be obtained by planning but should not be a problem.

The building is in a fantastic trading position in the town centre and highly visible from the street. It is in good condition and very reasonably priced compared to other properties in the area.

TENURE

We are advised Freehold.
This commercial property is located in the large industrial town and heavily populated seaport of Barrow in Furness in Cumbria.

The property occupies an end terrace position on Cavendish Street, within the popular retail area in the town centre with ample passing traffic and heavy footfall throughout the day with the added benefit of on street parking within the vicinity.

The town is situated at the tip of the Furness Peninsula with a host of beaches and close to the The Lake District a tourist hotspot, Barrow in Furness is often referred to as the ''gateway to lakes'' and is bordered by Morecombe Bay, the Duddon Estuary and the Irish Sea. The area is renowned for its shipyard, being a significant producer of naval vessels and the Dock Museum attracts many visitors to the area.

The area has good road links with the principle road being the A590, linking the area to Ulverston and the Lake District and the M6 motorway beyond.

The town also boasts its own railway station and regular bus services run through the town and out to surrounding areas.
This corner positioned terraced premises briefly comprises:-

Ground floor
Large display window with entrance door through to sizeable retail area approximately
62.90 sq m. Access to cellar storage area approximately 15.30sq m, door heater and rear access onto the street.

First floor
Further retail area circa 70.20sq m, presently utilised as storage and internal stairs to ground and second floors.

Second floor
Two internal storage rooms 23.50sq m approximately, office 11.50sq m approximate, kitchen with sink unit approximate 4.70sq m, toilet with hand basin, second toilet and access to the loft containing water tank.

The building is in good condition but would benefit from some internal decoration.