99 Queen Street, 66 North Street

Asking price of £240,000
For Sale
Investment

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LOCATION

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.


DESCRIPTION

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.


TENANCIES

The shop is let by way of a 10-year lease dated 1st

January 2019 at a current passing rent of £13,000

p.a.

The upper floor flat is being refurbished at present.


TERMS

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.


BUSINESS RATES

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.

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