SOUGHBRIDGE MILL, COLNE ROAD, KELBROOK, BB18 6SZ

Quick Summary

Property ID
5937
For sale:
£1,500,000
Category:
Industrial, Investment, Development
Area:
78422 sq ft
Location:
Kelbrook

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Property Description

LOCATION
Soughbridge Mill is in a prominent position fronting Colne Road (A56) which is the main arterial route leading from Colne into North Yorkshire and to the towns of Skipton and Ilkley.  It is also approximately 5 miles from Junction 14 of the M65.

DESCRIPTION
The property comprises a traditional former northlight cotton weaving mill, being of northlight  construction with supporting cast iron stanchions and stone faced external walls.

There is a two storey section fronting Colne Road, this  is of stone construction with a multi-pitched slate roof.

The property was built around 1890 and has been divided into several units in varying sizes.  In addition there is an area of land and outbuildings to the rear of the site upon which there are a number of shipping containers.

There is an area of the mill that still requires refurbishment, which provides and opportunity to add value.

TENANCY SCHEDULE
Tenancy schedule as of 1st April 2021 is attached.

The majority of the tenants have been in for many years and are holding over on original leases.  They are basically on one year rolling leases with rent increases every three years based on RPI.

The Vendor has the services of a maintenance contractor who has dealt with the premises for many years. These services may be retained by the purchaser subject to separate negotiation.

FLOOR AREA
The property has a gross internal area of

7,285.6 sq. m (78,422 sq.ft).

The internal area net of the shared access areas is 6,121.1 sq.m (65,888 sq.ft).

SERVICES
The property has the benefit of all  mains services and the  electricity is sub metered.

The rents include maintenance and cleaning of the common areas.  There is currently no Buildings Insurance.

SERVICES RESPONSIBILITY
It is the prospective purchaser’s responsibility to verify that all services and systems are in working order, and are of adequate capacity and suitable.

TENNURE
Freehold.

PRICE
£1.5 Million

LEGAL COSTS
Each Party is to be responsible for their own legal costs incurred.

EPC
An Energy Performance Certificate is available upon request.

VAT
All Prices quoted may be exclusive of but may be subject to VAT at the prevailing rate.

VIEWING – STRICTLY BY APPOINTMENT
Petty Chartered Surveyors

Suite 3, Empire Business Centre, 2 Empire Way, Off Liverpool Road, Burnley, BB12 6HH.

Tel. 01282 456677

[email protected]

www.pettycommercial.co.uk

Floor Plans