Knightsbridge announces successful sale of Lancashire based Investment property, Union Mill

Located in Rossendale, Lancashire, Union Mill has been under the ownership of our clients for many years, seeing ongoing investment ever since.

The substantial stone mill building is now tenanted by 24 individual occupiers and attracts an annual rent of £61,332 per annum. These individual units are a mixture of office spaces, storage bays and dedicated partitioned units; with occupiers utilising these for a multitude of uses such as storage, art studios and manufacturing areas. This diversification of industry types, and our clients’ flexible approach to letting space, has meant that the mill has been almost fully occupied at all times.

Our clients advise that any units that become vacant are quickly filled as there is a small waiting list of potential tenants waiting for available flexible space.

The business was sold in August 2014 and Samantha Wright who negotiated the deal on behalf of our clients was delighted that a deal could be agreed, giving the vendors the exit strategy they had wished for.