Imperial Chambers Manchester Road Burnley, Lancashire BB11 1HH T. 01282 456677 www.pettycommercial.co.uk INVESTMENT OPPORTUNITY FOR SALE • Gross income £163,135 p.a • The majority of Tenants have been Soughbridge Mill in occupation for a number of Colne Road years. Kelbrook BB18 6SZ • 87% Let – potential for additional income. • Main road position in popular Size: 6120.9 sq.m (65,888 sq.ft) town. www.pettycommercial.co.uk LOCATION Soughbridge Mill is in a prominent position fronting SERVICES RESPONSIBILITY Colne Road (A56) which is the main arterial route It is the prospective purchaser’s responsibility to verify leading from Colne into North Yorkshire and to the that all services and systems are in working order, and towns of Skipton and Ilkley. It is also approximately 5 are of adequate capacity and suitable. miles from Junction 14 of the M65. TENNURE DESCRIPTION Freehold. The property comprises a traditional former northlight cotton weaving mill, being of northlight construction with supporting cast iron stanchions and stone faced PRICE external walls. £1.5 Million There is a two storey section fronting Colne Road, this LEGAL COSTS is of stone construction with a multi-pitched slate roof. Each Party is to be responsible for their own legal costs incurred. The property was built around 1890 and has been divided into several units in varying sizes. In addition EPC there is an area of land and outbuildings to the rear of An Energy Performance Certificate is available upon the site upon which there are a number of shipping request. containers all of which are let and income producing. VAT There is an area of the mill that still requires All Prices quoted may be exclusive of but may be subject refurbishment, which provides and opportunity to add to VAT at the prevailing rate. value. VIEWING – STRICTLY BY APPOINTMENT TENANCY SCHEDULE Tenancy schedule as of 1st April 2021 is attached. Petty Chartered Surveyors Imperial Chambers, Manchester Road The majority of the tenants have been in for many Burnley, BB11 1HH years and are holding over on original leases. They are basically on one year rolling leases with rent Tel. 01282 456677 increases every three years based on RPI. [email protected] www.pettycommercial.co.uk FLOOR AREA The property has a gross internal area of 6120.9 sq. m (65,888 sq.ft). SERVICES The property has the benefit of all mains services and the electricity is sub metered. Electrical Certification is current and available. The rents include maintenance and cleaning of the common areas. There is currently no Buildings Insurance. The property has been maintained by an employee who has been with the company for approximately 15 years and may be available for transfer to the new owners subject to separate negotiation. Petty Chartered Surveyors (and their joint agents where applicable) for themselves and the Vendors or Lessors of this property for whom they act give notice that; 1) These particulars are a general outline only, for the guidance of prospective purchasers or tenants and do not constitute the whole or any part of an offer or contract. 2) Petty Chartered Surveyors cannot guarantee the accuracy of any description, dimension, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as a statement of fact or representations and must satisfy themselves as to their accuracy. 3) No employee of Petty Chartered Surveyors (and their joint agents where applicable) has any authority to make any representation or warranty to enter into any contract, whatever in relation to the property. 4) Prices/rents quoted in these particulars may be subject to V.A.T in addition. 5) Petty Chartered Surveyors will not be liable in negligence or otherwise for any loss arising from the use of these particulars. 1114 www.pettycommercial.co.uk Floor Plan Petty Chartered Surveyors (and their joint agents where applicable) for themselves and the Vendors or Lessors of this property for whom they act give notice that; 1) These particulars are a general outline only, for the guidance of prospective purchasers or tenants and do not constitute the whole or any part of an offer or contract. 2) Petty Chartered Surveyors cannot guarantee the accuracy of any description, dimension, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as a statement of fact or representations and must satisfy themselves as to their accuracy. 3) No employee of Petty Chartered Surveyors (and their joint agents where applicable) has any authority to make any representation or warranty to enter into any contract, whatever in relation to the property. 4) Prices/rents quoted in these particulars may be subject to V.A.T in addition. 5) Petty Chartered Surveyors will not be liable in negligence or otherwise for any loss arising from the use of these particulars. 1114 www.pettycommercial.co.uk The Kelbrook Mill Co Ltd Schedule of Tenants 1 April 2021 Area Annual Rent Last Rent Next Rent Unit Sq. Ft. Rent Sq. Ft. Increase Increase Hacketts Bodyshop Ltd 1A 600 2,316 3.86 01.09.19 31.08.22 I Whittle 1B 600 2,280 3.80 01.08.18 31.07.21 G Sutcliffe 1C 600 2,316 3.86 17.06.19 17.06.22 P Hargraves 1D 600 2,310 3.85 01.01.20 31.12.22 Butterfield of Skipton Ltd 1E/F 1,600 6,080 3.80 01.03.19 01.03.22 C Nuttall 1G 800 2,640 3.30 01.06.16 01.06.19 Fulcrum Disaster Management Ltd 1H 800 3,060 3.82 22.01.19 22.01.22 P K & G A Barnett 2 1,200 1,759 1.47 01.04.19 31.03.22 Red Trading Group Ltd 3A 1,440 5,760 4.00 01.03.21 28.02.24 G W Holehouse 3B 1,200 4,740 3.95 01.12.20 30.11.23 A O'Connor & J Ansell 4A 1,000 3,900 3.90 01.01.21 31.12.23 A Cocker 4B 800 3,200 4.00 01.03.21 28.02.24 Vacant, not built 4C & 4D 3,200 0 M Smith 5 2,200 6,900 3.14 01.05.16 01.05.19 Guardian Products (UK) Ltd 6 1,350 4,932 3.65 01.09.17 01.09.20 Namaste Ltd 7A 2,000 7,600 3.80 01.08.19 31.07.22 Woodcycle Ltd 7B 1,000 4,000 4.00 01.04.21 31.03.24 Dales (Contracts) Ltd 7C 2,000 7,400 3.70 01.04.19 01.04.22 Newgen NDT Ltd 8 1,075 4,190 3.90 04.03.21 04.03.24 Navigation Distribution Ltd 9 1,250 4,750 3.80 01.08.19 31.07.22 Hacketts Bodyshop Ltd 10 2,300 8,880 3.86 01.09.19 31.08.22 Namaste Ltd 11 2,520 8,750 3.47 01.10.17 01.10.20 Spektra Surfacing Specialists Ltd 12 2,600 9,100 3.50 01.12.17 01.12.20 O Manojlovic 14A 220 880 4.00 15.03.21 14.03.24 J Nolan 14 1,900 7,274 3.50 01.09.18 01.09.21 M Pollitt 15A 900 3,600 4.00 01.02.21 31.01.24 S Longden 15B 400 1,600 4.00 01.02.21 31.01.24 Vacant not built 15 2,525 0 In Hand KMC store 15K 775 0 Hard Anodising Earby Ltd 16 4,510Temp 4,800 0.84 Temp Hard Anodising Earby Ltd 16A 1,200 P Atkins 18 1,170 4,432 3.78 01.01.17 01.01.20 A Nelson 19A 4,500 4,000 0.89 01.02.18 01.02.21 J-R Hutchison 19B 5,326 9,000 1.69 01.05.17 30.04.20 J Medley 19C 492 1,920 3.90 08.05.18 08.05.21 A Holian 19D 384 1,422 3.70 01.05.17 01.05.20 S Bradley 19E 120 120 1.00 01.02.13 01.02.16 In Hand KMC store 19F 886 0 Gartside 20A 563 1,458 3.80 01.07.18 30.06.21 Telfer 20B 684 Clean 684 0 01.07.18 30.06.21 Pepperhill Associates 20C 135 462 3.42 17.07.17 17.07.20 T Fyles 21A 369 1,440 3.90 01.07.18 01.07.21 M Howley & J Smith 21B 1,005 3,860 3.84 01.06.19 01.06.22 R Novacek 22A 200 810 4.02 01.01.19 01.01.22 Carella Colne Ltd 22B 565 2,196 3.89 01.03.19 01.03.22 J Beckwith 23 320 1,248 3.90 01.04.18 01.04.21 J Casson 24 324 1,274 3.93 01.02.18 01.02.21 R Ditchburn 25 160 606 3.79 01.11.17 01.11.20 M Martin 26 320 880 2.75 01.11.16 31.10.19 Meter room 26A 300 0 Yorkshire Power Grid 26B 300 50 T Clough 27 360 1,360 3.78 01.01.18 01.01.21 63,648 161,555 Yard M Ridsdale 320 320 1.00 Dales Contracts Ltd 320 480 1.50 Container C1 Vacant 320 0 Container C2 Vacant 320 0 Container C3 In hand 320 0 Container C4 Vacant 320 0 Container C5 S Longden 320 780 65,888 163,135 Total space let 56,922 86.39% Petty Chartered Surveyors (and their joint agents where applicable) for themselves and the Vendors or Lessors of this property for whom they act give notice that; 1) These particulars are a general outline only, for the guidance of prospective purchasers or tenants and do not constitute the whole or any part of an offer or contract.