K2 Meadway, Shuttleworth Mead Business Park, Padiham, BB12 7NG

*** PRICE ON APPLICATION ***

Property Details: • Type: 103,730 sq ft • Tenure: N/A • Floor Area: N/A

Key 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

Location: • Nearest Station: Hapton Station • Distance to Station: 0.9 miles

Agent Information: • Address: Bridgewater Close, Hapton, Burnley, BB11 5TT

Full 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.