Property photos
Freehold
Offers over
£750,000
(£70.13/sq. ft)
Retail premises for sale
Queen Street & Albion Street, Morley, Leeds LS2710,695 sq. ft
Local area information
Property location
Nearby amenities
- Queenswood School 0.1 miles
- The Morley Academy 0.2 miles
- Morley 0.5 miles
- Cottingley 1.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
Description
The property comprises a highly prominent modern and versatile two storey purpose-built retail and leisure property. There are five well configured retail units at street level and a large open plan event space at first floor level. In the future, the first floor would lend itself to either office space or residential conversion into apartments subject to planning. The property has an attractive curved glazed frontage underneath a flat roof.
Location
Morley is a market town and a civil parish within the City of Leeds metropolitan borough, in West Yorkshire, England. Morley is the largest town in the Borough of Leeds after Leeds itself. Leeds is the main commercial centre of West Yorkshire, located approximately 40 miles east of Manchester, 196 miles north of London and 62 miles west of Hull. The city region has a £69bn economy and is home to approximately 3 million people. Leeds is the third largest employment centre in the UK outside of London.
The property is situated in a prominent position on the corner of Queen Street and Albion Street in the heart of Morley town centre.
Proposal
We are instructed to seek offers in excess of £750,000 (Seven Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 9.83% and a low capital value of £70.13 psf, assuming purchaser’s costs 5.40%
The property comprises a highly prominent modern and versatile two storey purpose-built retail and leisure property. There are five well configured retail units at street level and a large open plan event space at first floor level. In the future, the first floor would lend itself to either office space or residential conversion into apartments subject to planning. The property has an attractive curved glazed frontage underneath a flat roof.
Location
Morley is a market town and a civil parish within the City of Leeds metropolitan borough, in West Yorkshire, England. Morley is the largest town in the Borough of Leeds after Leeds itself. Leeds is the main commercial centre of West Yorkshire, located approximately 40 miles east of Manchester, 196 miles north of London and 62 miles west of Hull. The city region has a £69bn economy and is home to approximately 3 million people. Leeds is the third largest employment centre in the UK outside of London.
The property is situated in a prominent position on the corner of Queen Street and Albion Street in the heart of Morley town centre.
Proposal
We are instructed to seek offers in excess of £750,000 (Seven Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 9.83% and a low capital value of £70.13 psf, assuming purchaser’s costs 5.40%
More information
Listed by
Carter Towler Chartered Surveyors
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Property descriptions and related information displayed on this page are marketing materials provided by - Carter Towler Chartered Surveyors. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Carter Towler Chartered Surveyors for full details and further information.