Springfield Mills Oakworth Rd 51,869 SF Vacant Industrial Building Keighley BD21 1SL £750,000 (£14.46/SF) 8.86% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prominent location
- Asset management opportunity
- Ideal for investment / part owner occupation
- Close to town centre
- Approx £70,000 per annum (gross)
EXECUTIVE SUMMARY
A stone built three storey mill (plus attic and partial basement), generating a gross rent of approximately £70,000 per annum with some vacant space (tenancy details are available upon request). The property has been well maintained and features replacement uPVC to the majority of window openings, biomass boiler, solar panels, mains fed sprinkler system and goods and passenger lifts. Externally, there is ample space some with shared rights together with a dedicated surfaced car park area to the west of the site.
The property is held Freehold (Land Registry title number WYK729389).
Offers in the region of £750,000 are invited for the freehold interest, subject to the current occupations - reflecting a low capital value of £14.45 per sq ft. Based on the gross rental income of £70,000 pa this reflects a Net Initial Yield of 8.86% allowing for purchaser’s costs of 5.4%.
The property is held Freehold (Land Registry title number WYK729389).
Offers in the region of £750,000 are invited for the freehold interest, subject to the current occupations - reflecting a low capital value of £14.45 per sq ft. Based on the gross rental income of £70,000 pa this reflects a Net Initial Yield of 8.86% allowing for purchaser’s costs of 5.4%.
PROPERTY FACTS
| Price | £750,000 |
| Price Per SF | £14.46 |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 8.86% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.78 AC |
| Rentable Building Area | 51,869 SF |
| Number of Floors | 5 |
| Year Built | 1870 |
AMENITIES
- Storage Space
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
CONTACTS
-
Neil
Bestwick
-
Lisa
Throupe
