Morley Market Queen Street, Morley, Leeds, LS27 8DS, Morley Market Queen Street, Morley, Leeds, LS27 8DS
Size
26,500
Tenure
Freehold
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Parking
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- Primary use
- Other
Key features
- GIA 26,500 Sq Ft,13,500 Sq Ft of net of retail space in 60 separate stalls
- 14 vacant units to generate an additional £100,000 p.a. approx. of licence fees
- Frontage to Hope Street & Home Bargains, Commercial Street opposite car park
- VAT is Applicable to this Lot
- Sold subject to the existing tenancy arrangements
- 2 entrances from Queen Street & entrances from Hope Street & Commecial Street
- One third of tenants have been in occupation for over 10 years
- Investment producing £360,000 p.a. (32.7% GIY on Guide Price), & 14 vacant units
Description
Investment predominantly let on licences at £360,000 p.a. (??.?% GIY on Guide Price, Plus 14 vacant stalls)
Morley Market is believed to date back to around 1880 and is arranged across a split level ground floor affording a gross internal area of circa 26,500 Sq Ft, it provides some 13,500 Sq Ft net of retail space within around 60 separate stalls and retail units of various sizes.
A handful of units enjoy window frontages. Individual stalls and retail units are generally let on inclusive “easy-in easy-out” licence arrangements with individual traders bearing responsibility for their own business rates and electricity charges
Morley is a popular and expanding market town located approximately 5 miles south-west of Leeds City Centre.
The principal shopping is centred around Queen Street.
Morley Market can be accessed from the pedestrian section of Queen Street, where one entrance adjoins Ladbrokes and another entrance adjoins Cooplands.
The Market has significant frontages to and entrances from both Hope Street (opposite Farmfoods and Home Bargains) and to Commercial Street opposite a public car park
Transport
The town is located in the middle of the M62 and M621 Motorways to the east of junction 27 linking Morley to Leeds, Manchester and Hull
Morley train station provides regular services to Leeds, Huddersfield and Wigan
Occupiers close by include Ramsdens, Boots, Betfred, Santander, Hays Travel, Greggs, Savers, Home Bargains and Farmfoods
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- Listed building
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- BREEAM rating
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Brochure
Morley Market Queen Street, Morley, Leeds, LS27 8DS, Morley Market Queen Street, Morley, Leeds, LS27 8DS
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