The premises comprise a ground floor retail area fitted out as a Thai restaurant with 2 apartments above at first and second floor level. 96A is a 2 bed flat with 96B being a 1 bed flat.
Location
The property is well located on Queen Street which is the main retail / leisure area within Morley town centre. The Picture House (JD Wetherspoons) public house is directly opposite, other retailers in the vicinity include William Hill, Santander, Well Pharmacy & Morrisons amongst others.
Accommodation
Retail / Restaurant Area - 819 sq ft
96A (2 bed flat) - 893 sq ft
96B (1 bed flat) - 420 sq ft
Total - 2,132 sq ft
Terms
TENANCY INFORMATION & QUOTING TERMS
96 Queen Street - let on a 10 year lease withan expiry of 20 October 2029 at £10,000 per annum. Rent review due 21/10/25.
96A Queen Street (2 bed flat) - let at £500 pcm/ £6,000 per annum
96B Queen Street (1 bed flat) - let at £450 pcm/ £5,400 per annum
Total rental - £21,400 per annum. Leases & tenancy schedules available on request.
Offers around £280,000 are sought for the freehold interest.
RATEABLE VALUE
We are informed by the VOA that the current rateable value on the retail element is £13,500.
LEGAL COSTS
Each party to bear their own legal costs in the transaction.
Specification
- Prominently positioned in Morley Town Centre
- Ground floor restaurant premises & 2 apartments above all fully let
- Attractive, historic building Opportunity to increase rents