Income-producing industrial asset with short-term rental upside and redevelopment potential.
Freehold former mill in Earby town centre
A substantial freehold mill in Earby, offered with an established income stream and clear upside. The property comprises 12 self-contained units within a stone‑faced former North Light weaving mill (circa 1890), producing a current gross income of £110,754 p.a. with potential to increase to £119,120 p.a. Two units are vacant, presenting immediate rental-growth opportunity for an investor prepared to let or refurbish.
The building retains industrial character—cast‑iron stanchions, stone elevations and much glazing replaced with composite panels—but is mixed condition. Parts of the fabric and many internal areas require repair or updating; several units show a derelict appearance and low ceiling sections. Services are present (mains gas, electric sub‑metering, an on‑site substation and partial fire alarm) but the purchaser must verify capacities and condition.
Flooding to the rear brook has historically been an issue: the site is flagged as high flood risk, although recent flood‑relief works have been carried out. The property suits investors or owner‑occupiers targeting storage, light manufacturing, workshop space or a phased refurbishment/repurposing project. Centrally positioned in Earby with good road links to the M65, Skipton and Barnoldswick, it benefits from town‑centre amenities and long‑standing tenants on rolling monthly tenancies with periodic RPI reviews.
Buyer note: sale price reflects a commercial, renovation‑grade asset offered freehold. Structural and service surveys are recommended; legal costs are the responsibility of each party and VAT is applicable.
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