BEST AND FINAL OFFERS BY 29TH OCTOBER 2021
The property briefly comprises a multi let mill complex situated just off Pellon Lane on the outskirts of Halifax Town Centre close to Halifax Industrial Estate and the Pellon Lane retail parks.
Currently split to provide 3 individual units the property offers a mixture of two storey stone-built northlight mill space and single storey workshops of stone construction under a blue-slate dual pitched roof along with a concrete yard servicing two out of the three units.
The property is fully let producing an annual income of £29,400 pax across the three tenants and is subject to the following leases:
Classic Carpets pay £12,500 per annum and have just signed a new 3 year lease due to expire on 31st December 2024.
Unit 12 Battinson Road have a 5 year lease expiring 2nd December 2025, subject to a break clause in year 3. The annual rent for the first 3 years is £6,900 rising to £7,200 thereafter.
Coton & Ellis have a 6 year lease paying an annual rent of £6,000 due to expire on 19th June 2022.
The estate has the potential for an projected reversionary yield of 10.58%.
Listed Features
- General Retail
- Retail Park
- Parking
- Carpeted
- Concrete Yard
- Workshop
