99 Queen Street, Leeds

Asking price of £250,000
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 newly refurbishment and provides 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 newly refurbished and is currently let for a 12-month term until 30th December 2021 at £575pcm.

TERMS

The property if offered on a freehold basis subject to existing tenancies as outlined above, at a guide price of £250,000.  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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