Morley Market, Queen Street, Morley, Leeds, LS27 8DS
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Comprising a gross internal area of circa 26,500 Sq Ft and providing some 13,500 Sq Ft of net of retail space in 60 separate stalls arranged across a split level ground floor
- Sold subject to the existing tenancy arrangements generating approaching £350,000 p.a. plus casual income
- 14 vacant units offer potential to generate an additional £100,000 p.a. approx. of licence fees
- Two entrances from the pedestrianised Queen Street and additional entrances from Hope Street and Commecial Street
- Significant frontage to Hope Street opposite Farmfoods and Home Bargains and to Commercial Street opposite a public car park
- The traders are generally independent family busineesses. One third have been in occupation for over 10 years
- VAT is Applicable to this Lot
- Investment presently producing £360,000 p.a. (32.7% GIY on Guide Price), Plus circa 14 vacant units
Description
StrapLine
Auction Sale - 15/09/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteMorley Market is believed to date back to around 1880 and comprises a gross internal area of circa 26,500 sq ft, which provides some 13,500 sq ft net retail space arranged around approx. 60 separate stalls
The property is occupied under licence arrangements which, together with additional casual income estimated at £10,000 p.a., provide an operating revenue of £360,000 per annum, with potential to increase this by letting the vacant units
Investment predominantly let on licences at £360,000 p.a. (??.?% GIY on Guide Price, Plus 14 vacant stalls)
Description
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
Location
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
Tenancy
The property is let on a number of seperate tenaancy agreements with all traders being responsibe for their own business rates and electricity charges.
The Tenancy Ageements currently produce approximately £350,000 p.a.
In addition there is extra casual income generated from pop up stalls that produces approximately £10,000 p.a.
Morley Market, Queen Street, Morley, Leeds, LS27 8DS
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Morley Station0.5 miles
- Cottingley Station1.6 miles
- Batley Station2.6 miles
Notes
Disclaimer - Property reference 242-23723. 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 Savills Auctions, London. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”