Unit 7 Mealbank Mill Industrial Estate, LA8

LOCATION

Mealbank Mill Trading Estate is an established commercial development around two miles to the northeast of the market town of Kendal. The attractive rural location and hamlet benefits from good access to the A6 which is around half a mile to the west and the A685 Appleby Road that is circa 400 metres to the south, both providing direct routes into Kendal. From the A65, Junction 37 of the M6 can be reached within six miles or alternatively, Junction 38 and Shap is accessed directly from the A6, approximately 10 miles to the north.

Kendal is the principal town of South Lakeland and is situated just outside of the southern boundaries of the Lake District National Park, only 6 miles from Junctions 36 and 37 of the M6 Motorway. The town has a resident population of 29,495 (2011 Census) and is a popular tourist destination being 10 miles south of Windermere and the gateway to the Lakes. The town has a weighted retail catchment in excess of 50,000 people and a greater district catchment in excess of 102,000. The district's Class Grouping indicates that in excess of 50% of the catchment area is of A, B or C demographic.

Oxenholme Train Station which is situated on the West Coast main railway line is located 6 miles to the south providing direct services to London (approximate journey time 2 hours 50 minutes) and Glasgow (1 hour 45 minutes).

Mealbank Mill Trading Estate is a mixed-use development of a former mill and houses a range of buildings and occupiers. The north area of Kendal generally provides the main commercial estates including Lake District Business Park, Shap Road Industrial Estate, Mintsfeet Trading Estate, Meadowbank Business Park and South Lakeland Retail Park which are all within 2 miles of Mealbank.

The attached plan shows the location of the property (for identification purposes only).

DESCRIPTION

The property comprises an attached warehouse that is of single-storey brick construction with rendered, pebble dashed and painted/stone faced elevations, around a steel frame and underneath a single skin profile clad roof that has translucent roof lights. The building incorporates a pedestrian entrance and an electric steel roller shutter vehicle door (4.10m wide x 4.33m high) as well as UPVC double glazed windows.

Internally, the warehouse provides open plan accommodation with solid concrete flooring, rendered and painted/painted brick walls, open apex ceiling, suspended lighting and with a minimum eaves height of 4.63m.

There is a separately accessed private WC and kitchenette with a stainless steel sink and drainer, two allocated car parking spaces as well as a loading area to the front.


ACCOMMODATION

The premises have been measured on a gross internal area basis as follows:

Ground Floor/Total GIA 178.47m² (1,921 sq ft)

SERVICES

The unit is connected to mains electricity (3 phase), water and a private foul drainage system.

LEASE TERMS

The property is available by way of a new Internal Repairing & Insuring lease for a term to be agreed and at a commencing rental of £13,000 per annum exclusive which breaks back to low overall rate of just £6.77 per sq ft.

Buildings insurance is organised by the Landlord and charged back to the occupier, estimated for the year 2024/2025 to be £225.00 +VAT per annum.

RATEABLE VALUE

The property currently has a Rateable Value of £5,600 and therefore qualifies for 100% small business rate relief, subject to meeting the relevant criteria.

Prospective tenants should make enquiries directly to Westmorland and Furness Council


SERVICE CHARGE

There is a service charge levied to recover the cost of the maintenance and upkeep of the common areas and septic tank on the estate, estimated for the year 2024/2025 to be £0.30 per sq ft or approximately £594.00 + VAT per annum.

VAT

All figures quoted are exclusive of VAT where applicable.

LEGAL COSTS

Each party to bear their own legal costs in the preparation and settlement of the lease documentation together with any VAT thereon.

VIEWING

The property is available to view by prior appointment with the Kendal Office of Edwin Thompson LLP. Contact:

John Haley or Ellie Oakley


IMPORTANT NOTICE

Edwin Thompson for themselves and for the Vendor of this property, whose Agents they are, give notice that:
1. The particulars are set out as a general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, any offer or contract.
2. All descriptions, dimensions, plans, reference to condition and necessary conditions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to their correctness.
3. No person in the employment of Edwin Thompson has any authority to make or give any representation or warranty whatsoever in relation to this property or these particulars, nor to enter into any contract relating to the property on behalf of the Agents, nor into any contract on behalf of the Vendor.
4. No responsibility can be accepted for loss or expense incurred in viewing the property or in any other way in the event of the property being sold or withdrawn.
5. These particulars were prepared in September 2024.