Peel Street, Morley, LS27

Property Details: - Type: Mixed use - Bedrooms: 0 - Bathrooms: 0

Agent: Shaun Mellor Property - Morley Phone: 0113 482 9564

<p>The property is well located on Peel Street, within walking distance from Queen Street which is the main retail / leisure area within Morley town centre.</p><p>The premises comprise an attractive, stone built, three storey, plus lower ground floor & basement mixed commercial development being a former Mill complex that has been converted and sub-divided. The ground floor is predominantly showroom & industrial with offices / leisure users (gym, hairdresser etc..) on the upper floors. There are 26 separate individual units / suites providing diversity of income let to 16 different Tenants.</p><p>The current passing income is £156,642 per annum and is generally shorter-term in nature, with some occupiers holding over, thus there is an opportunity to move on rental levels. All utilities, with the exception of water, are recharged to the Tenants. All Tenants pay their own business rates if applicable. Leases & tenancy schedule available on request. Offers in excess of £1,625,000 are sought, equating to 9.08% and a low capital value of £88.15 per sq ft.</p><p>Each party to bear their own legal costs in the transaction.</p>