Features and description

For sale by auction on the 1st September 2021
Guide Price £750,000
Potential income £66,880 per annum
Natwest Bank with 7 apartments
Grade II Listed
Freehold
Development potential to the rear

Video tours

Virtual Tour 1

This impressive Grade II listed freehold building comprises a basement and ground floor retail premises let to Natwest for £17,500 until 2024 with seven spacious apartments (4 x 2 bed, 2 x 1 bed and a studio) on the upper floors. At present, the apartments are fully let and producing an income of £49,380 taking the total annual income to approximately £66,880. Natwest also contribute £2,000 towards the building insurance.

Externally the property includes some land to the rear which could lend itself to further development subject to the necessary consents being obtained. The seller has also advised that the roof has been replaced in recent months, details of which will be included within the legal pack.

The property is located in the heart of Morley Town Centre over looking the Town Hall and lies approximatley 4.5 miles to the South of Leeds city centre.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Rooms

Basement
Store rooms.

Ground Floor
Commercial premises let to Natwest.

First Floor
Apartments one and two.

Second Floor
Apartments three, four (duplex) and five.

Third Floor
Apartments four (duplex) six and seven.

Charges and Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 inc VAT. Disbursements: Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details please see the legal pack.

Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Auction House - West Yorkshire

Caledonia House, Lawnswood Business Park, Redvers Close Leeds LS16 6QY

0113 427 9292

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Auction House West Yorkshire is the leading auctioneer in the region, the largest and most successful in the Leeds, Bradford and Wakefield area. We have been auctioneers since 2009 and hold seven multi-lot auctions each year at Leeds United FC’s Elland Road Stadium. We work closely with major estate agents Manning Stainton and Ryder & Dutton – together they help us provide the best service possible throughout Leeds, Wakefield, Pontefract, Harrogate, Bradford, Castleford, Keighley, Halifax and Huddersfield. Our service is second to none, we are the local experts with auctions of circa 50 lots, mainly residential but we also sell land and commercial properties and a significant number of tenanted investments for landlord clients too. Ring, email or message us and we will be delighted to assist.

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No longer on the market

Retail property (high street)

Features and description

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Rooms

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