Carlton Trading Estate, Pickering Street, Armley, Leeds
- Land size
- 1.32 acres
- Use Class
- Use Class: B8
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
Carlton Mills comprises a substantial and versatile complex of traditional mill and industrial buildings.
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.
Map Location
Property details
- Tenure
- Freehold
- Council Tax Band
- Ask Agent
- Date Posted
- 2026-07-17
Utilities & Restrictions
Utilities
- Electricity
- Ask Agent
- Water
- Ask Agent
- Heating
- Ask Agent
- Broadband
- Ask Agent
- Sewerage
- Ask Agent
Rights & Restrictions
- Public Rights of Way
- Ask Agent
- Private Rights of Way
- Ask Agent
- Listed Property
- Ask Agent
- Restrictions
- Ask Agent
Property Features
- Accessibility
- Ask Agent
- Parking
- Ask Agent
- Garden
- Ask Agent
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Marketing information only - not formal particulars. The details on this website are provided for general guidance and do not constitute an offer or contract. Neither LandSale nor the advertising estate/land agent accepts responsibility for any inaccuracy.
1. Source of information
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2. Verification required
Prospective purchasers must verify critical matters, including but not limited to planning permission, title boundaries, public rights of way, environmental constraints, acreage, services, access and VAT status, through their own inspections, specialist surveys, legal advisers and the selling agent before relying on the information or entering into any contract.
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© LandSale | Version 1.2 - January 2026
Listing agent
Northcap, Leeds
New Station Street, Leeds, LS1 4JB
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