Freehold Retail Acquisition: Barrow-in-Furness, Cumbria

Cheshire based Osborne Investments Limited have acquired a freehold retail investment at 117/119 Dalton Road, Barrow-in-Furness from private Clients of Peill & Company.

The property is occupied by United Co-operatives Retail Travel Limited trading as Barrow Travel for 10 years from 29 June 2001 at a current rent of £41,000 pa which is subject to  an upward only Rent Review in June 2006.

The investment was purchased for £565,000 representing a net initial yield of 7.13%.

Osborne Investments Limited were represented by Fifield Glyn.