Morley Market, Queen Street, Morley, Leeds, LS27 8DS
Description
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
Lot details
- 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
Estimated value
How we worked this out
Based on Leeds average for commercial (£247k)
Indication only — based on Land Registry sales and EPC data, not a formal valuation.
Indicative analysis from auction-house listing data. Verify with the legal pack and your broker before bidding.