95 Queen Street

Leeds, LS27 8DW

Property Size

1,047 sq ft


Location

Leeds


Availability

For Sale £475,000

Description

The property forms part of Morley Market Hall and comprises a ground floor only, corner, retail unit fronting Queen Street and benefiting from a return frontage to Hope Street. The property appears to be of steel frame construction with solid brick walls beneath a dual pitched composite panel roof.

Location

Morley is a market town within the city of Leeds Metropolitan Borough and lies approximately 5 miles south west of the city centre. In 2011, the town had a population of 44,440 made up from the Morley North and South wards. Morley is well connected to the regions road network with Junction 28 of the M62, 2 miles to the south and Junction 1 of the M621, 3 miles to the north west of the town.

The subject property is situated at the junction of Hope Street and Queen Street and adjacent to the main entrance to Market Hall. Queen Street provides Morley’s principal retail offer where occupiers including Co-op Pharmacy, Santander, Carphone Warehouse, and William Hill can be found. Market Square Shopping Centre is located to the south east of the property and provides a 70 space free car park and is home to Wilko, Home Bargains and Fultons Foods.

Key Points

  • Prominent position fronting Queen Street and adjacent to the main entrance to Market Hall
  • Let to Ladbrokes Gaming & Betting Ltd for a term of 10 years (no breaks) from March 2012
  • Not elected for VAT
  • Initial Rent: £42,500 pa
  • Net Initial Yield: 8.56% (after purchaser’s costs at 4.59%)

Tenure

Freehold

EPC Rating

79

Accommodation

Dimensions sq ft sq m
Gross Frontage 11.04 3.46
Net Frontage 11.04 3.46
Return Frontage 21.02 6.46
Areas sq ft sq m
Ground Floor Sales 1,047.00 97.30
Ground Floor Ancillary 153.00 14.20
Total 1,200.00 111.50

Andrew Scott

t. 0151 242 3043
Email Andrew

Luke Arnold

t. 0151 242 3091
Email Luke