Fully let former mill goes up for sale for £2.45m

A substantial, fully-let former woollen mill complex located in Huddersfield is up for sale freehold for offers in excess of £2.45m.

Heath House Mill, a 5.1-acre site is based off Heath House Lane in the village of Bolster Moor, three miles from the M62 and Huddersfield town centre.

The site is an established multi-tenanted mixed industrial and office complex, comprising 40 units across 90,330 sq ft which are fully let to 25 businesses, with a net initial yield of 10.59 per cent.

The majority of units are aligned to industrial uses and benefit from having a combination of drive-in and tail dock loading access points together with lift access serving the upper floors.

Ryan Barker, director at agents Walker Singleton, said, “Heath House Mill represents an excellent investment opportunity, with a strong net initial yield and a low capital value rate, so we expect will make it a popular listing.

“It’s prominent location and the future potential for redevelopment are only likely to further increase attention in the site. I would strongly advise any interested parties to get in contact to discuss the opportunity and to arrange a viewing.”