A landmark building is likely to be demolished after a legal dispute between the owner and his insurance company ended.

The iconic House of Lords and Bar Continental in Abbey Road was ravaged by a massive fire back in January 2016.

Almost a year later in-Cumbria sister title The Mail revealed insurance cover for the Grade II listed building was being disputed.

The insurance company has now confirmed the dispute has concluded and as a result owner Roger McKimm has put the building on the market for £250,000.

The price for the property has since been removed from the online listing and it is understood Mr McKimm is open to offers.

The listing describes the property as ‘in need of some refurbishment’ but estate agent David Corrie said the building would likely only be of interest to developers.

The advert states: “This is an excellent investment opportunity.

“There is fire damage and the property is currently isolated and not available for viewing but is available for purchase and subject to negotiation.”

Barrow Borough Council’s planning manager Jason Hipkiss said the authority would assess and consider any proposals for the site including any plans for housing given the lack of demand for new retail or leisure developments.

“The market is changing and as a planning authority we have to be receptive to that,” he said.

At the height of the fire over four years ago more than 60 firefighters battled the blaze which reduced the building to a shell of its former state.

The fire investigation report revealed the only confirmed possible source of ignition in the room where the fire started was electrical wiring.

However, this does not explain why the fire spread so quickly and arson could not be discounted.

The investigation also found evidence of fuel being stored within the House of Lords, an insecure downstairs window, and prior removal of the ceilings and floors.

Petrol soaked into a foam material was also found on the ground floor and there was no fire detection system.