The property is situated in the historic West Yorkshire
market town of Morley, about 5 miles south-west of
Leeds city centre. Queen Street is the main shopping
street in Morley and is part-pedestrianised. The
subject property is on the pedestrianised section,
between Hope Street and Peel Street, with a public
short-stay car park to the rear.
A 2-storey mid-terraced characterful property
comprising ground floor retail space, let to an
established café operator. At first floor level there is
residential accommodation which is currently
undergoing refurbishment and will when completed
provide a large 1-bedroom flat.
The shop is let by way of a 10-year lease dated 1st
January 2019 at a current passing rent of £13,000
The upper floor flat is being refurbished at present.
The property if offered on a freehold basis subject to
existing tenancies as outlined above, at a guide price
of £240,000. It is understood that VAT is NOT
applicable on this property.
According to the Valuation Office Agency website, the
premises has a current 2017 Rateable Value of
£9,500. Interested parties are advised to direct
further enquiries to the local authority.