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AGENT'S DETAILS


35-37 Queen Street, Morley, Leeds, LS27 8EE

For sale: £175,000.00|To rent: ROA|Residential, Retail, Mixed Use, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£175,000.00
TO RENTROA
ADDRESS35-37 Queen Street, Leeds, LS27 8EE
TYPEResidential, Retail, Mixed Use, Other Property Types & Opportunities
TENUREInvestment Opportunity, To Let
POSTED ON25th November 2020

DESCRIPTION

LOCATION

Situated on the fringe of Morley Town Centre, the property occupies a prominent position with frontage to Queen Street, opposite Scarth Gardens close to its junction with Chapel Hill and Brunswick Street. Other occupiers close by include The Collective, Clippers Barbers Shop, Board to Tiers Cake Shop etc.

DESCRIPTION

The property consists of a ground floor and basement retail unit last utilised as a Chinese take-away along with an occupied 2-bedroom flat over the first and second floors with separate exclusive access.

ACCOMMODATION

According to our measurements taken on site, the property benefits from the following net internal floor areas:-

Ground Floor

Retail Area 36.11 sqm (389 sqft)

Basement

Stores/Prep Area 29.33 sqm (316 sqft)

WC ---- ----

First Floor

Kitchen, Living Room, Bathroom

Second Floor

Bedroom One and Bedroom Two

RATING ASSESSMENT

The commercial section of the property is currently assessed for rating purposes as follows:-

Description: Shop & Premises
Rateable Value: £6,300

The Uniform Business Rate for 2020/2021 is 50.3 pence in the £.

The residential section of the property is currently assessed for Council Tax purposes as follows:-

Council Tax Band - A
Council Tax payable 2020/2021 - £1,070.22

Due to transitional relief provisions, the rates payable may have no relation to the rateable value. Interested parties are advised to check with the Local Rating Authority as to the current rates liability.

LEASE

The residential section is currently let under the terms of a standard Assured Shorthold Tenancy Agreement with a rental of £325 per calendar month. A copy of the Tenancy Agreement is available upon request.

The retail section of the property is currently vacant.

PRICE

Offers in the region on £175,000 for the freehold interest subject to the first and second floor tenancy with vacant possession of the ground floor and basement.

RENTAL

Alternatively, the ground floor and basement may be available to let for a term to be agreed. Further information is available upon request.

VAT

VAT will be charged at the prevailing rate – if applicable.

LEGAL COSTS

Each party to be responsible for their own legal costs incurred in the transaction.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Certificate (EPC) rating for the property is as follows:-

Retail Accommodation - D 100

Residential Accommodation - An EPC has been commissioned.

LOCATION

Location: 35-37 Queen Street, Leeds, LS27 8EE

Morley (0.1 miles)

Cottingley (1.5 miles)

Batley (2.7 miles)

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