for sale Highly prominent income-producing business/industrial complex 15,615m2 (168,087sq ft) of lettable industrial and commercial space

Strategically located in North Presently approximately 70% with substantial frontage to the occupied offering good potential exceptionally busy A652 Bradford Road to increase income

Situated on 7.91 acres with large Currently generating approximately frontage and significant medium £385,000 per annum exclusive but term comprehensive redevelopment has previously generated just over potential (subject to requisite planning) £500,000 per annum exclusive

Carlinghow Mills, Bradford Road, , West , WF17 8LN Location Carlinghow Mills is situated on the main A652 The property also enjoys convenient Bradford Road immediately opposite the Imo access to the M1 motorway with junction car wash and equidistant between Dewsbury 40 and 41 to the east. town centre and the intersection of the A652 with the main A62 Leeds Road. The main A652 Bradford Road area continues to be successful with a multitude of commercial The site benefits from convenient access and retail occupiers and forms part of Batley’s to the majority of main arterial routes serving ‘Golden Mile’. the North Kirklees area and in particular the regional motorways. Whilst the Frontier (former Batley Variety Club) has now closed to reopen shortly as a gymnasium Junction 27 of the M62 – which includes the (JD Sports), both Redbrick Mill and The Mill retail highly successful Birstall Retail Park – and junction complexes continue to be successful. Both are 28 (Tingley) of the M62 are situated within 3 miles within close proximity of Carlinghow Mills. to the north and north east respectively.

M1 Leeds M62

Bradford A62

B6125 M621 A643

M606 Birstall M62 M1

B6123 M62 Halifax A652

A650

Dewsbury M1 Batley A644 Pontefract A638 B6124 M62 Wakefield Healey Soothill

B638 A642 Description Tenancies Carlinghow Mills comprises a substantial mill Carlinghow Mills is presently split to form complex being a series of part single storey a series of workshop, storage, showroom and part multi storey, brick and stone built and commercial/office suites/units and workshop, stores, showrooms and office space. presently generates a gross income in The property has been split to create a successful excess of £385,000 per annum exclusive. multi-occupied complex including circulation space, vehicle loading and onsite car parking. This income is generated from approximately 70% of the lettable space with many tenants Carlinghow Mills also benefits from both staircase being in occupation for more than 8 years. and lift access within the multi storey sections. The majority of space is occupied on 12 months up to 5 year agreements effectively Accommodation on full repairing and insuring leases with site A detailed breakdown of accommodation service charges. Carlinghow Mills, 499-501 Bradford Road, for Carlinghow Mills is available upon request Carlinghow Mills does include vacant space Batley, WF17 8LL (forming part of the tenancy schedule). extending to approximately 5,110m2 (55,000 sq ft) Gross Internal Floor Area 15,615m2 (168,087 sq ft). or thereabouts and does provide the potential to significantly increase the income. The site has previously generated an income in excess of £500,000 per annum exclusive.

2 A detailed schedule of tenancies is available PH 4 5 9 15

8 0 upon request.

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2 5 5 86 63.1m 1 2 26

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62.8mBR

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3

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3

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8

8

1

4

4

1

4 5 2 0

4 Sluice

1 0 0

Batley 12

Enterprise Centre

1 7

0 5

7 1

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0 3 0 2 Westbrook Terrace 62.2m

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Sports Court

The Manse

Tel Ex T E E R T B S LA K KE L R 70.7m A ID B 0m 25m 50m 75m GE LA NE 81.1m 1 to 3 The Weaving House Ordnance Survey © Crown Copyright 2016. All rights reserved. Licence number 100022432. Plotted Scale - 1:2500

Tel 0113 234 8999 www.michaelsteel.co.uk Tenure We are advised the premises are held freehold (excluding the long leasehold section to Yorkshire Water which is held by way of a 999 year lease).

Non-Domestic Rating We are advised individual units and suites are separately assessed and all non-domestic rates are the responsibility of individual occupiers.

VAT All rents and prices are quoted exclusive of VAT, which is to be charged.

Proposal We are instructed to seek offers in the region of £3.25m, subject to contract. Based upon the current income of £385,000 per annum exclusive, this will show a buyer an initial gross return (after purchaser’s costs) of 11.13% increasing to 14.45% if fully occupied and generating £500,000 per annum exclusive (assuming full occupancy).

Energy Performance Certificates The complex has a series of Energy Performance Certificates all of which are available upon request.

Further Information/Viewing Please contact the sole agent:

Michael Steel & Co 4 Carlton Court, Brown Lane West, Leeds LS12 6LT

Tel: 0113 234 8999

For the attention of:

Alec Michael [email protected]

Richard Barker [email protected]

Ben Preston [email protected]

Our Ref: 1541/A/M Subject to Contract September 2016

This property is offered subject to contract, availability and confirmation of details. These particulars do not form part of a contract and, whilst believed to be correct, parties are recommended to satisfy themselves as to their accuracy. The vendors, lessors, or Michael Steel & Co. or any person in their employment, cannot make or give any representation or warranty whatsoever in relation to this property. Unless otherwise stated, all prices and rentals quoted are exclusive of any Value Added Tax to which they may be subject.