Flush Mills is a landmark industrial complex, located fronting the main arterial (A638) Westgate in Heckmondwike.
It boasts a prominent position connecting the town centre to the A62 Leeds Road, offering excellent transport links throughout the West Yorkshire area. The site provides convenient access to Junctions 26 (Cleckheaton) and 27 (Birstall) of the M62 motorway, both within a four-mile radius.
The estate comprises a significant industrial / warehouse facility. It is formed of two sites bisected by the A638. It has been skilfully repurposed in recent years and now provides a mixed-use multi-let complex housing a variety of businesses, in accordance with the tenancy schedule.
The estate provides a broad mix of industrial accommodation, ranging in ages from newly constructed warehouses to north-lit traditional manufacturing space.
We are informed the neighbouring sub station has a combined power supply capacity of up to 6 MVA, which in turn feeds 7 number transformers on site. The site is fully secure and benefits from 4 number of access points.
Notable occupiers include Wakefield Acoustics Ltd, specialising in fabricated metal products; Biolope Limited, a manufacturer of paper and cardboard packaging. The complex also accommodates a number of other enterprises, reflecting the site’s continued flexibility and contribution to the local and regional economy.
Location
Heckmondwike is located in the metropolitan borough of Kirklees, West Yorkshire and has a strong industrial heritage. It lies approximately nine miles southwest of Leeds and eight miles north of Huddersfield, making it well-placed within the wider West Yorkshire urban area.
Heckmondwike benefits form a population of circa 2.2 million, within a 10 mile radius, encompassing major towns and cities such as Leeds, Bradford, Wakefield and Huddersfield.
Accommodation
SITE A
Extending to c.18.814 acres
MAIN SITE & UNIT 107 & UNITS 30/30A
Extending to 349,696 sq ft steel portal frame construction with a truss, north lit roof whilst part is a modern constructed two bay warehouse to the north east of the site. The unit benefits from circa 5m eaves, loading via nine roller shutter doors, two concertina loading doors and is multi-let to three occupiers.
The majority is let to Autoneum GB since December 2011, who historically have run a 24 hour operation from site they specialise in automotive acoustics and thermal management components. The site’s origins trace back to Firth Furnishings Ltd, a company known for producing car carpets. In 1994, Firth Furnishings was acquired by Rieter Holding Ltd, a Swiss industrial group, as part of its expansion into the automotive sector.
Following the acquisition, the company underwent several name changes: from Circuit Limited upon its incorporation in April 1988, to Unikeller Great Britain Limited in May 1988, then to Rieter Automotive Great Britain Limited in June 1995, and finally to Autoneum Great Britain Limited in December 2011.
Unit 107 is let to Treka Bus Limited. They are a specialist manufacturer of accessible minibuses, headquartered in Brighouse, West Yorkshire. Despite their base in Brighouse, the premises in Heckmondwike is occupied to facilitate the spraying and coating of mobility vans. Units 109, 111, 112 are let to Furniture Choice Ltd.
UNITS 24 & 25 (YORKSHIRE PACKAGING SYSTEMS LTD AND RENAISSANCE WINDOW SYSTEMS LIMITED)
Extending to 39,530 sq ft over two units. New build semi-detached industrial units constructed in 2021.
Purpose built, high bay units benefitting from 8m eaves, over 1,000 megawatt (1,000 kVa) of three phase power and large dedicated gas and water supplies, to meet the needs of the modern occupier.
Unit 25 is let to Yorkshire Packaging Systems Ltd who have been manufacturing and providing shrink wrap machines and shrink film to a multitude of sectors since 1977.
UNITS 14 AND 17 AND SECURE COMPOUND (WAKEFIELD ACOUSTICS + BIOLOPE)
Extending to 63,472 sq ft refurbished steel portal frame construction under a profile, three bay metal sheet roof. The premises have been substantially refurbished and benefits from three ground level roller shutter doors and cranage to unit 17.
UNITS 113-115 (FURNITURE CHOICE LTD)
A prominent 36,805 sq ft two bay, part concrete, part steel frame warehouse premises. Loading is via two concertina doors and two roller shutter doors. The premises also benefit from a large concrete yard area. The unit is extremely prominent to Westgate with 50m of road frontage.
TENANCY SCHEDULE - See attached brochure for information
SITE B
REDEVELOPMENT OPPORTUNITY
Extending to c.3.916 acres, the site is zoned for residential development.
Significant unsolicited interest has been received from developers, for residential, food store & drive through schemes.
It is anticipated that the site could represent an onward sale opportunity by the purchaser, subject to planning approval. Further information in this regard is available from the agents.
Indicative plans have been drawn up for residential and convenience uses, as demonstrated below.
Terms
PRICE - We are instructed to seek offers in excess of £16,000,000 (Sixteen Million Pounds) subject to contract and exclusive of VAT.
A purchase at this level would reflect an attractive Net Initial Yield of 10.5% allowing for purchaser’s costs of 6.73% and a low capital value of £32.68 per sq ft.
EPC - The EPC’s range from B - E.
A full copy of the EPCs can be provided on request.
DATAROOM - Dataroom access can be provided on request.
VAT - The property is elected for VAT. It is envisaged that the transaction will be treated as a Transfer of a Going Concern.
AML - The purchaser will be required to provide all necessary information to comply with anti-money laundering legislation.
Specification
- Multi-let industrial / warehouse estate extending to 489,503 sq ft
- Situated on 22.73 acres (18.81 acres - main site / 3.92 acres - south site)
- Freehold
- 100% occupancy
- Significant asset management and ‘value add’ opportunities
- Passing rent of £1,792,308 per annum equating to a low average passing rent of £3.66 per sq ft
- Asset management opportunities including the onwards sale of part of the ownership
- Redevelopment opportunity
- Good access links to Junctions 25-27 M62 Motorway