A significant industrial property in West Yorkshire, Flush Mills in Heckmondwike, has been put up for sale. The estate offers 489,000 square feet of fully occupied industrial space across 23 acres. Currently home to seven businesses, the estate is also poised for further development. Located less than three miles from the M62, it is easily accessible and sits between Huddersfield, Leeds, Wakefield, and Bradford.
The property is being marketed by GV&Co and Michael Steel & Co, on behalf of Wharfedale Property. The estate features a range of industrial accommodation, including newly constructed and refurbished warehouse buildings. Additionally, the sale includes a 3.9-acre plot on Wakefield Road, designated for potential residential development, subject to planning approval.
With a current annual rent of over £1.79 million, Flush Mills is being offered for more than £16 million, reflecting a net initial yield of 10.5%. The property is fully let to a mix of reputable manufacturing companies and SMEs, such as Autoneum, Wakefield Acoustics, and Quick Slide. This sale presents a prime opportunity for investors looking to acquire a high-yielding asset with future development potential.
