Guide price
£500,000
(£178.57/sq. ft)
Retail premises for saleQueen Street, Morley LS27
From 1,408 - 2,800 sq. ft
About this property
Location: Morley is a busy market town approximately 5 miles south-west of Leeds. The premises are located on Queen Street opposite Scatchard Park, close to the Town Hall and Morrison’s shopping precinct.
Description: A mid-parade of four cottage style, two storey period buildings under a pitched roof. Ground floor retail units/lock-up shops to the front with a side passageway leading to an enclosed rear yard and entrance doors to the 1-bedroom residential flats.
No. 55,57 & 59 are Grade II Listed.
No. 53 (shop) & 53A (1-bed flat)
A ground floor shop with single display window and corner entrance door. Immediate sales area to the front and a further room to the rear.
Net Internal Area (NIA): 23.4 m² (252 sq ft) approx.
Separate rear access door to residential flat. Immediate staircase leading to kitchen, bathroom and lounge to the first floor. Further stairs to a double bedroom to attic space.
No. 55 (shop) & 55A (1-bed flat)
A ground floor shop with two display windows and a central entrance door. Immediate sales area to the front with a kitchen area to the rear.
Net Internal Area (NIA):
Ground Floor Sales: 34.2 m² (368 sq ft) approx.
Kitchen: 10.2 m² (110 sq ft) approx.
Total: 44.4 m² (478 sq ft) approx.
Separate rear access door to residential flat. Kitchen area to the ground floor with staircase leading to first floor that comprises bathroom, lounge and double bedroom.
No. 57 (shop) & 57A (1-bed flat)
A ground floor shop with two separate display windows and a central entrance door. Immediate sales area to the front with opening and passage to rear store room, kitchenette and WC.
Net Internal Area (NIA):
Ground Floor Sales: 21.0 m² (226 sq ft) approx.
Rear Stores: 11.3 m² (122 sq ft) approx.
Total: 32.3 m² (348 sq ft) approx.
Separate rear access door to residential flat. Staircase leading to a bathroom, lounge, kitchen and double bedroom on the first floor.
No. 59 (shop) & 59A (1-bed flat)
A ground floor shop with single display window and entrance door. Immediate sales area to the front and a further room to the rear with a built-in sink. Separate WC and cupboard.
Ground Floor Sales: 12.0 m² (129 sq ft) approx.
Rear Room: 18.7 m² (201 sq ft) approx.
Total: 30.7 m² (330 sq ft) approx.
Separate rear access door to residential flat. Staircase leading to a bathroom, lounge, kitchen and double bedroom on the first floor.
Rating & council tax bands: From the voa Rating List the 2023 Rateable Value (rv) assessments are:
Shop no. 53 rv £2,900 Beauty Salon & Premises
Shop no. 55 rv £5,700 Shop & Premises
Shop no. 57 rv £4,300 Shop & Premises
Shop no. 59 rv £2,600 Shop & Premises
This is not what you pay and all properties are eligible for 100% small business rates relief to qualifying Tenants.
All the residential flats are in Council Tax band A.
Services: All main services for electricity, water and drainage are connected to the property. Mains gas is available to the residential flats only. None have been tested and no warranties given.
Tenancies: Tenancy schedule set out below.
There is immediate asset management potential with the residential flats and maximising rental income alongside a modernisation programme.
Tenure: Freehold Interest subject to occupational Leases.
Price: We are inviting offers in the region of £500,000 subject to contract and occupational Tenancies.
Based on a rental income of £40,860 per annum exclusive, this represents a gross return of 8.17%.
Legal costs: Each party to be responsible for their own legal costs in connection with the sale.
E.P.C: Available on request.
VAT: Not applicable.
Description: A mid-parade of four cottage style, two storey period buildings under a pitched roof. Ground floor retail units/lock-up shops to the front with a side passageway leading to an enclosed rear yard and entrance doors to the 1-bedroom residential flats.
No. 55,57 & 59 are Grade II Listed.
No. 53 (shop) & 53A (1-bed flat)
A ground floor shop with single display window and corner entrance door. Immediate sales area to the front and a further room to the rear.
Net Internal Area (NIA): 23.4 m² (252 sq ft) approx.
Separate rear access door to residential flat. Immediate staircase leading to kitchen, bathroom and lounge to the first floor. Further stairs to a double bedroom to attic space.
No. 55 (shop) & 55A (1-bed flat)
A ground floor shop with two display windows and a central entrance door. Immediate sales area to the front with a kitchen area to the rear.
Net Internal Area (NIA):
Ground Floor Sales: 34.2 m² (368 sq ft) approx.
Kitchen: 10.2 m² (110 sq ft) approx.
Total: 44.4 m² (478 sq ft) approx.
Separate rear access door to residential flat. Kitchen area to the ground floor with staircase leading to first floor that comprises bathroom, lounge and double bedroom.
No. 57 (shop) & 57A (1-bed flat)
A ground floor shop with two separate display windows and a central entrance door. Immediate sales area to the front with opening and passage to rear store room, kitchenette and WC.
Net Internal Area (NIA):
Ground Floor Sales: 21.0 m² (226 sq ft) approx.
Rear Stores: 11.3 m² (122 sq ft) approx.
Total: 32.3 m² (348 sq ft) approx.
Separate rear access door to residential flat. Staircase leading to a bathroom, lounge, kitchen and double bedroom on the first floor.
No. 59 (shop) & 59A (1-bed flat)
A ground floor shop with single display window and entrance door. Immediate sales area to the front and a further room to the rear with a built-in sink. Separate WC and cupboard.
Ground Floor Sales: 12.0 m² (129 sq ft) approx.
Rear Room: 18.7 m² (201 sq ft) approx.
Total: 30.7 m² (330 sq ft) approx.
Separate rear access door to residential flat. Staircase leading to a bathroom, lounge, kitchen and double bedroom on the first floor.
Rating & council tax bands: From the voa Rating List the 2023 Rateable Value (rv) assessments are:
Shop no. 53 rv £2,900 Beauty Salon & Premises
Shop no. 55 rv £5,700 Shop & Premises
Shop no. 57 rv £4,300 Shop & Premises
Shop no. 59 rv £2,600 Shop & Premises
This is not what you pay and all properties are eligible for 100% small business rates relief to qualifying Tenants.
All the residential flats are in Council Tax band A.
Services: All main services for electricity, water and drainage are connected to the property. Mains gas is available to the residential flats only. None have been tested and no warranties given.
Tenancies: Tenancy schedule set out below.
There is immediate asset management potential with the residential flats and maximising rental income alongside a modernisation programme.
Tenure: Freehold Interest subject to occupational Leases.
Price: We are inviting offers in the region of £500,000 subject to contract and occupational Tenancies.
Based on a rental income of £40,860 per annum exclusive, this represents a gross return of 8.17%.
Legal costs: Each party to be responsible for their own legal costs in connection with the sale.
E.P.C: Available on request.
VAT: Not applicable.
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