Lot
015
Auction Ends: 20/09/2023 11:26 - Bidding opens Tuesday 19th September 10:00 AM

Newspaper House, Abbey Road, Barrow-in-furness, Cumbria, LA14 5QS

Property Details
Location
Auction Details
Description
A unique investment and re-development opportunity comprising a former office building extending to approximately 1365 Sq M (14,692 Sq Ft) with approved planning permission for conversion into 11 residential apartments and 3 ground floor business / workshop units. Under current plans the residential element would consist of 7 x 1 bedroom apartments and 4 x 2 bedroom apartments with a top floor roof terrace and associated parking. Additionally there is an adjacent 40 space car park which is let to NCP at £12,000 per annum with an additional annual income of approximately £7,920 from local permit holders.
Location
The building and car park front onto Abbey Road and are accessed via High Street, a short distance from a variety of amenities and facilities including Barrow Railway Station and Town Centre shops and restaurants.
Accommodation

Under current approved plans the newly converted apartments would range from between 44 Sq M - 97 Sq M and comprise 7 x 1 bedroom units and 4 x 2 bedroom units (1 x duplex). 

Planning
Planning permission was approved by Barrow In Furness Council on 28th April 2021 for the conversion of the existing office building into 11 x residential apartments and 3 x business / workshop units. Planning ref - B12/2021/0106.

For any pre-application advice, interested parties should consult directly with the Local Planning Authority: Westmorland and Furness Council, Town Hall, Corney Place, Penrith, Cumbria CA11 7QF. Telephone: 0300 373 3300. Email: [email protected].
Tenancy
The car park is let to NCP on a 12 month contract commencing 1st June 2023 at £12,000 per annum. Additionally there are 17 permit holder spaces producing a further annual equivalent income of approximately £7,920
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 19TH SEPTEMBER AND CLOSES ON WEDNESDAY 20TH SEPTEMBER.

3. Energy Performance Certificate = E.

4. We understand there is supportive consent for the construction of a new build apartment block on the site which would comprise 14 x 2 bedroom apartments. Copies of correspondence can be found within the legal pack.

5. The property is situated within a conservation area.

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Auction Ends: 27/03/2024

Guide Price: £5,000

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