Retail premises for sale in Queen Street & Albion Street, Morley, Leeds LS27
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Property description
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%
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Carter Towler Chartered Surveyors, LS1 on +44 113 427 5695 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Carter Towler Chartered Surveyors, and do not constitute property particulars. Please contact Carter Towler Chartered Surveyors for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.