Summary - Stanley Street, Colne BB8 9FL
1 bed 1 bath Commercial Property
Large secure mill with income now and major conversion potential subject to planning.
Phase 1 occupied — storage, workshops and offices providing immediate income
Residential conversion possible but planning permission is required
Secure site: electric security door, CCTV and 24/7 access
Private off-street car park included with the site
Set over three floors; only one of three development phases completed
Large, high-ceiling industrial spaces with exposed trusses and natural light
Located in a deprived town-centre area — supports commercial demand, may limit premium values
No domestic garden or outdoor amenity; urban street frontage only
North Valley Mill is a substantial former mill in central Colne, offered freehold with immediate income from Phase 1 tenants. The site already houses storage units, workshops and offices across three floors, with secure 24/7 access, CCTV and a private car park — delivering operational cashflow from day one.
The building’s industrial character is intact: high ceilings, exposed timber trusses, large open-plan bays and generous natural light. That structural canvas makes the property well suited to continued commercial use, further lettings, or a phased redevelopment into residential apartments subject to planning consent.
Only one of three phases is complete. Phases 2 and 3 provide clear scope for expansion or conversion, but any residential scheme will require planning permission. The site sits in a deprived area of town centre Colne, which supports demand for affordable storage, workshop and small business space but may affect values for high-end residential conversion.
This is a hands-on investment opportunity for a buyer comfortable with refurbishment and planning-led development. The existing tenant base and security measures reduce short-term risk, while the building’s size and period character offer meaningful upside if planning and refurbishment are successfully delivered.
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