62 & 62a, Scott Street, BARROW-IN-FURNESS, Cumbria, LA14 1QE

ANNOUNCEMENT:
LOT 74 – 62 & 62A SCOTT STREET, BARROW IN FURNESS, CUMBRIA
The property being offered is Freehold and not held on a lease as stated in the particulars of sale.
Town Centre Retail Unit and Separate Flat
Shop Vacant, Flat Let
ERV circa £8,700 per annum (see note)

Location:
The property is situated in the heart of Barrow-in-Furness with Scott Street leading directly to the pedestrianised retail area of the town. The town and docks has seen significant growth through redevelopment in recent years and serves a densely populated catchment of the town and outlying areas.
This property forms part of a retail parade comprising a range of retailers with a number of major multiple outlets in the vicinity. It lies to the north of the docks area and within ½ mile of Barrow rail station.

Description:
The property comprises this two floor mid terrace building. At ground floor level there is retail premises extending to just over 300 sq.ft plus kitchen area. Above this there is a separate flat at first floor level with its own access via a rear yard.

Accommodation:
Ground Floor Vacant Retail Unit
Retail Area circa 300 sq.ft, Kitchen
EPC Rating C

First Floor tenanted Flat:
Open plan Living Room/ Bedroom, Kitchen, Bathroom/wc
EPC Rating: E
Council Tax Band: A

Tenancy:
The first floor flat is let on an assured shorthold tenancy for an initial term of 6 months from 18th October 2022 (tenant holding over) at a current rent of £325.00 per calendar month.

Note:
The flat benefits from a gas safety certificate dated 12/09/2022with a new boiler and upgrades in November 2022 and an electrical safety certificate dated 23/02/2022

Note:
Whilst buyers are deemed to rely upon their own enquiries, it is understood the ground floor shop has a rental value of some £400 pcm which would result in the entire property producing a total rent of some £8,700 per annum.

Current Rent Reserved:
£3,900 per annum plus vacant possession of the ground floor shop
ERV: £8,700 per annum (see note)

Tenure:
Freehold.
Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.