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%.
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