Giant Stockport mill complex comes to market

The 290,000 sq ft Houldsworth Mill in Reddish is being sold by a syndicate of private investors.

Heaton and Houldsworth Property Company has appointed Cushman & Wakefield to market the Stockport mill complex for sale. Offers above £4.5m are being sought.

Named after 19th-century mill owner Henry Houldsworth, the mill is available to acquire for the first time in 30 years.

It comprises five buildings on a 7.2-acre site, all of which are up for sale aside from the top four floors of South Mill, which feature apartments.

The commercial space on the ground floor and basement of South Mill is up for grabs, as are an 8,000 sq ft standalone industrial unit and the fully let 20,000 sq ft Centre Mill.

The 108,000 sq ft North Mill, which features a 63,000 sq ft business centre made up of office suites, and the 122,000 sq ft North Mill extension are also included in the sale.

The extension was home to a shopping village until late last year.

Houldsworth Mill is currently let to 24 tenants, generates £1.2m gross annually, and is 31% vacant.

Bruce Poizer, head of capital markets at Cushman & Wakefield in Manchester, said: “This is a unique opportunity to acquire a building of rich industrial heritage and to unlock significant added value via asset management and development from both a commercial and residential perspective.

“The property incorporates a variety of uses including a high-quality business centre, workspace, storage and two health and fitness centres. We are confident it will attract the attention of investors and developers.”