Retail premises for sale in Meadway, Shuttleworth Mead Business Park, Padiham BB12
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Property features
- 9,636.5 sq .m. (103,730 sq .ft.)
- High bay warehouse property.
- Full sprinklered
- Dock level loading.
- Close to Junction 8 M65
- Leased to 9th December 2030
- Rental growth potential
- Current passing rental £630,000 per annum
Property description
Situated within the well established Shuttleworth Mead Business Park which is located approximately one mile North of Junction 8 of the M65 mid-way between Burnley and Blackburn. Occupiers within the business park include Whatmore UK, Graham & Brown and Fagan & Whalley.
Steel portal frame unit constructed in three parallel bays clad in full height insulated plastisol coated profile sheet metal to the elevations with an inner protective blockwork leaf to approximately 2.5m. Concrete floor. 15m internal eaves height.
Loading is via one ground level sectional up and over door and 10 tailgate loading doors with dock levellers to the front elevation opening out onto a service yard. There is a further ground level loading door to the side elevation.
To the frontage of the building is two storey office block of part brickwork and part profiled steel clad elevations beneath a pitched profile steel clad roof. The offices provide entrance reception, meeting room and toilets at ground floor with canteen and offices at first floor.
Lease terms:
The property is currently let by way of a full repairing insuring lease at a rental of£630,000 per annum to K2 North West Storage Limited (Company No. 12644985).
The Lease is for a term of years to the 9th December 2030. Rent review dates 28th March 2027 and 28th March 2030.
Tocg:
The purchase of the property would be available via a tocg.
Capital allowances:
There are various capital allowances still available for the property. Details upon request.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Trevor Dawson, BB11 on +44 1282 522843 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Trevor Dawson, and do not constitute property particulars. Please contact Trevor Dawson for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.