Junction 39 Business Park, Green Farm, Shap, Cumbria CA10 3PW

Guide price

£2,750,000

Size

33,576

Tenure

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EPC

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Parking

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Primary use
Warehouse

No floor / site plan

Key features

  • A part-let freehold investment comprising two modern warehouse buildings and a veterinary practice unit
  • Located adjacent to the A6, 2 miles from Junction 39 (M6), providing excellent road communications
  • Total Gross Internal Area of approximately 3,119.36m2 (33,576 sq ft) on a site extending to circa 1.62 acres
  • Unit 1 – Vacant warehouse extending to approximately 21,629 sq ft, benefitting from electric up-and-over loading doors, dock levelling facility, generous dedicated car parking, and a minimum eaves h
  • Unit 2 – Warehouse let to William Glynn Burrow t/a GB Burrow & Son at a current passing rent of £68,067 per annum on FRI terms
  • Unit 3 – Veterinary practice premises let to Tarn Farm Vets Limited on FRI terms, at a current passing rent of £8,840 per annum
  • Current rental income of £76,907 per annum, with strong reversionary potential to approximately £208,907 per annum upon letting Unit 1
  • An excellent and rare opportunity to acquire a high-quality freehold industrial asset along the M6 corridor, suitable for owner-occupiers (with income from Units 2 and 3) or investors seeking asset
  • Guide Price: £2,750,000, reflecting a gross reversionary yield of 7.60% assuming full letting of the estate and a low capital value rate of £81.90 per sq ft

Description

LOCATION

Junction 39 Business Park is situated within the village of Shap in the South East of Cumbria and North West of England. Shap is a linear village and civil parish arranged along the A6 road within the District of Eden and being less than 1 mile to the east of the Lake District National Park and 2 miles northwest of the Yorkshire Dales National Park. Shap has a population of 1,264 (2011 Census) offering local services including a primary school, small convenience store, café, two public houses, a fish and chip shop, butchers and a number of bed and breakfasts. The village is very much rural and lies over 1,000 ft above sea level.

The nearest towns are Penrith which is approximately 14 miles to the north and Kendal, 15 miles to the south, both reached via the A6 or M6. Penrith has a population of 15,200 (2012 Census) and is known as an attractive affluent market town benefiting from good access to the Lake District National Park as well as being situated on Junction 40 of the M6/A66 interchange. Penrith offers good retail and leisure facilities including Sainsburys, Booths, Morrisons and Aldi Supermarkets as well as a range of national retailers. The town has a train station on the West Coast Main Line with direct services north to Carlisle and Glasgow and south to the London Euston with a journey time of around 3 hours.

Kendal is the principal town of South Lakeland with a resident population of 29,495 (2011 Census) and is also a popular tourist destination being on the southern boundaries of the Lake District National Park and 10 miles away from Windermere. Other nearby towns include Windermere, 21 miles to the south west and Kirkby Stephen, 19 miles to the east. The village of Tebay is around 8 miles to the south east adjacent to Junction 38 and Westmorland Services.

The site is accessed directly from the A6 which travels south where it meets up with Junction 39 of the M6, around 2 miles away. The A6 continues south leading to Kendal or north to Penrith.

DESCRIPTION

The site comprises a former factory which was redeveloped in 2019, during which most of Unit 1 was demolished and re-built and Unit 2 was fully re-clad. Unit 1 is situated centrally within the site extending north and northeast and is attached to Unit 2 at the southwest corner, and Unit 3, the veterinary practice, is situated beyond with a separate vehicle entrance and car park at the southwest corner.

Unit 1 Junction 39 Business Park

A modern warehouse building, substantially re-built in 2019, of steel portal frame construction with profile clad elevations underneath an insulated multi-pitched profile clad roof. The building incorporates two electric up-and-over vehicle doors (4.29m wide x 5.00m high and 3.99m wide x 3.58m high) as well as a dock levelling electric vehicle door (3.00m wide x 3.47m high) with a 0.91m fall and 4.00m wide loading lane.

Internally, the accommodation provides open plan warehousing with solid concrete flooring, exposed profile clad walls, translucent roof lights, suspended LED warehouse lighting, gas hot air blowers and with a minimum eaves height of 4.94m rising to 9.67m at the top of the apex frame. There is an amenity block with an office, male WCs and a separate female/disabled WC.

Externally, there are loading areas to the front/side, formed in concrete hardstanding as well as having a strip of tarmacadam car parking with marked spaces for around 18 vehicles and further spaces available within the front and rear yard.

Unit 2 Junction 39 Business Park

The redeveloped warehouse has been subject to extensive works, being of steel portal frame construction with part double/triple skinned profile clad elevations and underneath an insulated profile clad roof incorporating translucent roof lights. The premises are accessed via two separate electric up and over vehicle doors (width 4.12m x height 4.15m and width 4.01m x height 4.48m) as well as a pedestrian entrance from the adjoining offices.

Internally, the accommodation has solid concrete flooring which has been levelled, polished and treated with an anti-dust covering, suspended downlighting, mounted and suspended gas hot air blowers and with a minimum eaves height of 7.47m rising to 9.94m at the top of the apex frame.

The tenant of Unit 2 also occupies the first-floor attached offices which is a two-storey building of steel frame construction with part brick/profile clad elevations underneath a pitched profile clad roof and incorporating aluminium framed double-glazed windows and doors.

At first floor, the offices have been refurbished into cellular rooms with carpeted flooring, plaster painted walls, suspended ceiling, WC and door to the adjacent warehouse.

Externally, there is a front loading area, formed in concrete hardstanding and with ample areas for car parking.

Unit 3 Junction 39 Business Park

At ground floor, the offices are used as a base for a veterinary practice and are fitted out with an entrance lobby, kitchenette and WCs off, a main open plan office, two cellular office/meeting rooms and stairs to the first floor. The offices have carpeted flooring, plaster painted walls and suspended ceiling incorporating recessed fluorescent lighting.

Externally, to the front of the offices is a tarmacadam car park.
ACCOMMODATION

The premises provide the following approximate gross internal areas:

Unit 1 Junction 39 Business Park
Ground Floor/Total - 2,009.41m² 21,629 sq ft

Unit 2 Junction 39 Business Park
Ground Floor - 02.55m² (9,715 sq ft)
First Floor - 103.70m2 (1,116 sq ft)
Total - 1,006.25m² (10,831 sq ft)

Unit 3 Junction 39 Business Park
Ground Floor/Total - 103.70m² (1,116 sq ft)

Overall Areas
Total Approximate GIA - 3,119.36m2 (33,576 sq ft)
Total Site Area - 0.66 Hectares (1.62 Acres)

SERVICES

It is understood that the land and property is connected to mains electricity with a dedicated sub-station and transformer located in the far eastern corner of the site. The sub-station has the capacity and supply of 11,000 volts which is transformed down to 340 volts.

Unit 1 Junction 39 Business Park – connected to mains electricity (three phase), gas, water and the mains drainage/sewerage system. Heating is via a gas-fired hot air blowers.

Unit 2 Junction 39 Business Park – connected to mains electricity, water and the mains drainage/sewerage system and heating is via gas hot air blowers supplied from a propane gas tank situated within the yard area.

Unit 3 Junction 39 Business Park – connected to mains electricity, water and the mains drainage/sewerage system and heating is via a wet central system and boiler powered by the above-mentioned propane gas cylinder.

Prospective occupiers should make their own enquiries as to the services available for future use.

RATEABLE VALUE

Unit 1 and Unit 2 are assessed with a Rateable Value of £106,000 with current estimated rates payable of £58,830 per annum. Prospective occupiers should check the exact rates payable with Westmorland & Furness Council – .

ENERGY PERFORMANCE CERTIFICATE

The unit is being re-assessed, further details available upon request.

LEASE DETAILS

Lease/tenant details available in the attached brochure.

ASSET MANAGEMENT OPPORTUNITIES

The property offers a number of asset management initiatives, including:

• Letting of Unit 1 to capture the significant reversionary potential, increasing the overall income from £73,000 per annum to approximately £200,000 per annum
• Retain Unit 1 for owner occupation and benefit from high quality distribution warehousing whilst generating income from the remaining space
• Potential to subdivide Unit 1 to create two smaller, self-contained units
• Scope to regear existing leases on Units 2 and 3, securing longer-term income

PROPOSAL

The site and properties are available freehold (Title Number: CU168958) subject to the existing leases at a guide price of £2,750,000.

MONEY LAUNDERING LEGISLATION

Edwin Thompson is bound to comply with Anti-Money Laundering legislation including obtaining evidence of the identity and proof of address of potential buyers. Prior to an offer being accepted, interested parties will need to provide the requested evidence.

EASEMENTS, WAYLEAVES AND RIGHTS OF WAY

The land and property are sold subject to and with the benefit of all public and private rights of way, lights, drainage, cables, pylons or other easements, restrictions or obligations whether or not the same are described in these particulars of sale.

VAT

It is advised that the property is elected for VAT and therefore VAT is payable on top of the sale consideration.

LEGAL COSTS

Each party to bear their own legal costs in the preparation and settlement of the sale 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:
Ellie Oakley
John Haley
Paul Evans

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 April 2026.



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Brochure

Junction 39 Business Park, Green Farm, Shap, Cumbria CA10 3PW

NEAREST STATIONS

National Rail

Appleby Station

8.45 miles

About EDWIN THOMPSON PROPERTY SERVICES LIMITED, Kendal

EDWIN THOMPSON PROPERTY SERVICES LIMITED, Kendal

Founded in the English Lake District in 1880, Edwin Thompson now operate from eight offices in Northern England and the Scottish Borders - Berwick-upon-Tweed, Carlisle, Edinburgh, Galashiels, Keswick, Kendal, Newcastle and Windermere, as well as their original office in Keswick - with a client list ranging from major national companies , institutions and pension funds to smaller local companies and individuals, with interests throughout the UK.

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Disclaimer - Property reference M1376e. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by EDWIN THOMPSON PROPERTY SERVICES LIMITED, Kendal. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.