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COMMERCIAL

Peel Street, Morley, LS27

Offers in Excess of
£1,625,000
Shaun Mellor Property, Morley
PROPERTY TYPE

Mixed Use

SIZE

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Description

The property is well located on Peel Street, within walking distance from Queen Street which is the main retail / leisure area within Morley town centre.

The premises comprise an attractive, stone built, three storey, plus lower ground floor & basement mixed commercial development being a former Mill complex that has been converted and sub-divided. The ground floor is predominantly showroom & industrial with offices / leisure users (gym, hairdresser etc..) on the upper floors. There are 26 separate individual units / suites providing diversity of income let to 16 different Tenants.

The current passing income is £156,642 per annum and is generally shorter-term in nature, with some occupiers holding over, thus there is an opportunity to move on rental levels. All utilities, with the exception of water, are recharged to the Tenants. All Tenants pay their own business rates if applicable. Leases & tenancy schedule available on request. Offers in excess of £1,625,000 are sought, equating to 9.08% and a low capital value of £88.15 per sq ft.

Each party to bear their own legal costs in the transaction.

Peel Street, Morley, LS27

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Morley Station0.3 miles
  • Cottingley Station1.5 miles
  • Batley Station2.7 miles

About Shaun Mellor Property, Morley

The Studio, Seven Hill Business Park Centre Annex, South Street, Morley Leeds, LS27 8AT
Industry affiliations:Industry affiliation logo 0

Letting with confidence

We are industry approved so we are members of ARLA and have client money protection.

You can have the peace of mind that we follow a strict code of conduct within the industry. Our Lettings and Management centre is fully staffed with an ARLA qualified team with an abundance of first-hand knowledge and experience.

They are capable of dealing with modest and large property portfolios along with all the trials and tribulations of the Lettings Industry from referencing and pre-tenancy through to compliance and rent management.

There really isn't anything that we cannot deal with.

Our Management centre is open 7 days a week 9am-6pm with real people and not a messenger service.

In the event that an 'out of hours' situation occurs we also provide an online portal which enables both Tenants and Landlords to communicate with their Property Manager including the ability to report maintenance issues, give notice, pay fees and rent online, view our newsletters (which are sent to each party once a month). The newsletters are individually geared to a Tenant and a Landlord's requirements - in addition the Landlord will receive a copy of the Tenant's newsletter to ensure they are aware of the advice and articles provided and view any Landlord pertinent content.

Let us make it easy

Let's be honest selling your property can be a stressful experience. It can be a maze of legal paperwork and negotiations in addition to dealing with solicitors. At Shaun Mellor property we pride ourselves on taking that stress away from you, which is why we keep our property portfolio manageable to maximise the attention that you and your property deserve. You will deal with one person throughout the process who is always on hand to offer guidance where necessary and hopefully alleviate the hassle.

Viewings

We accompany all viewings to the properties that we offer for sale. Any prospective buyers for your property will get that personal touch and relationship that is seldom found from traditional agents.

Presentation

All of our properties are featured in their best light. As part of the Shaun Mellor property package you have professionally taken photographs and floor plans as a must. Our in house design team create bespoke quality brochures.

Local knowledge

We pride ourselves on our face to face approach and quality of service. We live and work in the area. Local knowledge is something you cannot put a price on and it's free at Shaun Mellor Property.

Competitive fees

We offer a number of different solutions to tenant referencing and fees may vary from £60 to £120 including VAT per applicant. In some cases, fees may not apply.

A zero deposit option may also be available on selected properties subject to terms and conditions.

Please see the property advertisement for details.

Negotiation

We pride ourselves on our local knowledge, it's where we live and work so we're in a great position to sell the area.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference eb9b73b7-9ac3-4983-9aec-7213daac8356. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Shaun Mellor Property, Morley. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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