Carlton Trading Estate, Pickering Street, Armley, Leeds
Size
57,675
Tenure
Freehold
EPC
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Parking
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- Primary use
- Industrial park
- Other use(s)
- Factory, Light industrial, Mixed use, Other
No floor / site plan
Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Parking
- Transport links
- Well connected
- Central heating
- Natural light
- Communal areas
- Common parts wc facilities
- Controlled access
- Secure storage
- Security system
- Twenty four hour access
Key features
- Well-located freehold industrial and commercial estate situated approximately one mile west of Leeds city centre, within the established mixed-use area of Armley.
- Substantial multi-let property of traditional mill and industrial buildings providing a total site area of approximately 1.11 acres.
- Fifteen tenants currently in occupation, producing a current rent of £176,370 per annum, reflecting a low average rent of £4.41 per sq ft.
- Estimated Rental Value of £255,620 per annum, offering significant reversionary potential and future income growth.
- Demonstrated consistently high occupancy and strong re-letting performance, underpinned by affordable rents and the estate’s accessible location.
- Freehold.
- The transaction is to be treated as a Transfer of a Going Concern (TOGC).
- Offers invited in excess of £1,660,000, subject to contract and exclusive of VAT, reflecting an attractive initial yield of 10.00% and a reversionary yield of 14.5%, assuming standard purchaser’s cost
- Low capital value of £28.80 per sq ft.
Description
The property offers flexibility for occupation, investment, or redevelopment (subject to planning).
The site is arranged over several interconnected buildings of brick and stone construction beneath a combination of pitched and flat roofs. Internally, the accommodation provides openplan warehouse areas, workshops, and ancillary offices, with natural light typical of traditional mill architecture.
Externally, the property benefits from good on-site circulation and yard space, together with dedicated parking and loading facilities accessed directly from Pickering Street. The estate
layout allows convenient vehicular access for deliveries and trade operations.
The broader area is home to a diverse mix of occupiers, highlighting its proven track record as a successful commercial location. Units on site are occupied by a range of independent
and established businesses across light manufacturing, engineering, fitness, and service sectors.
The estate is fully secure with gated access, security fencing and CCTV is in operation.
- Clear height
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- Yard depth
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- Service charge
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- Business rates
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- Use class
- B8
- Listed building
- No
- Floors in building
- 3
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Carlton Trading Estate, Pickering Street, Armley, Leeds
About Northcap, Leeds
Northcap are a specialist commercial property agency dedicated to leasing and selling commercial property, including industrial units, logistics warehousing and offices. The NorthCap vision is simple, firstly, to provide honest, market leading advice to our clients with no compromise on customer service.
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Disclaimer - Property reference CarltonMills. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Northcap, Leeds. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.