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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 and at first floor level a selfcontained

2-bedroomed apartment with separate

access from the rear. Internally, the apartment

comprises open-plan kitchen/lounge, two double

bedrooms, and bathroom with 3-piece suite.


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 let by way of an Assured

Shorthold Tenancy for a term of 12 months from 1st

June 2019 at a current passing rent of £510 pcm

(£6,120 p.a.).


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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