Hornbeam Lane, Lancaster

LOCATION
The property is set within the medieval city of Lancaster, in the northwest of England. Lancaster is a historic city with Roman ruins and the infamous Lancaster Castle, synonymous with the trial for the Pendle Witches and the War of the Roses.
Lancaster has direct access to the M6 motorway at J33 and J34 and is approximately 25miles south of the English Lake District and 17miles west of the Yorkshire Dales National Park.
Lancaster is positioned on the west coast mainline, approximately 20miles north of Preston, and with 2hrs 35mins of London Euston. Manchester and Manchester International Airport are within 1hrs 20mins and connected by hourly rail services.
Drive times to Preston, Kendal, Carlisle, Blackburn, Bolton, Manchester and Liverpool are within approximately 1hr15m.
The District of Lancaster has a ONS recorded GDP of £4.4billion per annum and a population of 145,006 and a population growth change for 2019-2024 of 3.7%.
The district comprises the urban centres of Lancaster itself, but also Morecambe, Heysham and Carnforth along with those outlying locations such as Warton, Galgate, Caton and Hornby (which is famous for its Castle´s connection to the War of the Roses).
The city has two universities and a busy festival calendar operated and promoted by BID Lancaster, and will be the future home of Eden Project North which is assessed by Lancaster University Business School to deliver >£200m annual boost to the local economy and deliver 400 direct employed roles and a support sector gain of approximately 1,400 jobs.

DESCRIPTION
Willow Business Park offers a well-defined property which is home to a variety of construction industry occupiers. The business park is easily accessible off Hornbeam Road, this being easily accessed by vans, fixed axle and articulated vehicles.
The scheme has 7 brick / block constructed industrial units with modern metal insulated clad roofs and 5no. shipping containers used for storage (being 4no. 20ft containers and 1no. 40ft container). The whole is set around a central shared courtyard being available shared access.
There is external storage and carparking spaces to the front of the units. The site is enclosed by palisade fencing and offers hard concrete standing to all areas, including entrances and enclosed yard parts.

ACCOMMODATION
The site is held on HM Land Registry title number LA921939 (edged red on the above plan) and is noted to extend to an approximate area of 0.67 acres.
The units extend to a gross internal areas (as follows):
Unit 1 (with external area) 073.32 m2 0,789 ft2
Unit 2 (with external area) 138.85 m2 1,495 ft2
Unit 3 (with large enclosed yard) 094.62 m2 1,018 ft2
Unit 4 (with external area) 051.51 m2 0,555 ft2
Unit 5 (with external area) 051.52 m2 0,555 ft2
Unit 6a (with external area) 122.27 m2 1,316 ft2
Unit 6 (with external area) 218.91 m2 2,356 ft2
Container 1 20ft Container 2 20ft Container 3 20ft
Container 4 20ft Container 5 40ft

AMENITIES
The property is situated on the west side of the city centre, positioned on the edge of Lune Business Park or formerly Lune Industrial Estate, which is currently undergoing a significant level of inward investment by the owner; new build accommodation, refurbishments and redevelopments are being implemented - this will reinforce the commercial location and cement demand within the vicinity.
The Marsh area of Lancaster, though widely made up of housing does host the presence of Lune Business Park; this offers a variety of accommodation from 500ft2 - 15,000ft2 which offers offices, industrial workshop units, storage and distribution spaces, as well as manufacturing premises. A new creche / nursery and supermarket are anticipated, with a gym having already been implemented.
The units constructed as part of a phase one introduction have been let up and demand has been consistent since the redevelopment proposal was commenced. A phase two implementation is planned for fall of 2027. Existing occupiers to the development comprises Howdens Joinery, First Sub Sea, MP Haulage, Normesh, STS Manufacturing, Fireus and White & Company Removals.
The site is reasonably accessible via Willow Lane and its links with St Georges Quay. The city centre is 10min walk from the premises, the bus stops to Willow Lane are within a 1 and 3min walk respectively.
A Spar convenience store is within 150m of the subject premises.
The M6 is accessible via Caton Road (A589) 2.5miles northeast of site; Morecambe is easily accessible via Morecambe Road which in turn links with Bay Gateway and the Port of Heysham.

TERMS
The Freehold interest is available by way of a private treaty sale.

VAT
The agent understands the property is not elected to waive value added tax. Values noted in these details may be subject to VAT being applied at the prevailing rate.

LEGAL COSTS
Each party is responsible for their own costs. Figures are quoted exclusive of VAT.

VIEWING
Viewing is strictly by way of appointment with our joint agent, Richard P Taylor Chartered Surveyors.