Large freehold mill with conversion potential and strong rental upside post-refurbishment.
- Approx. 58,556 sq ft gross internal area over four floors
- Freehold with prominent arterial road frontage
- Potential ERV circa £400,000 per annum (buyer to verify)
- Tall ceilings and large windows suitable for conversion
- Requires full refurbishment; significant remedial works likely
- No gas connection observed; mains electricity and drainage present
- Small enclosed car park/yard; limited on-site parking
- Area: very high crime and very deprived — affects lettability
A substantial four-storey Victorian cotton mill offering expansive floor area and clear redevelopment potential. With a gross internal area of about 58,556 sq ft and prominent frontage on Trafalgar Street, the building sits within Burnley’s Weavers Triangle close to Junction 10 of the M65 — a location that supports both commercial uses and residential conversion projects.
The property is offered freehold and currently requires refurbishment throughout; suspended floors and tall ceilings provide flexibility for loft-style units, workspace, or mixed-use schemes. An estimated ERV of £400,000 per annum is cited, indicating strong rental upside post-refurbishment, but interested parties should confirm rental and planning assumptions independently.
Practical considerations are straightforward: mains water, drainage and electricity are available (no gas connection was observed) and there is a small enclosed car park/yard. The building’s stone construction and slate roof are typical of its era, offering character but also maintenance obligations associated with historic fabric.
Buyers must factor in notable local constraints: the area registers high crime levels and very high deprivation, which will affect tenant profiles and values. The property is sold in its current condition with refurbishment required — survey, planning, and conversion costs are likely to be significant. Offers are invited in excess of £1,300,000.
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