Substantial stone built and slate roofed property. The premises comprise a 3 storey plus basement restaurant. The Ground Floor is utilised as restaurant and kitchen to the rear with the upper floor as storage.
Location
The property is well located on Queen Street which is the main retail / leisure area within Morley town centre. Other retailers in the vicinity include William Hill, Santander, Well Pharmacy & Morrisons amongst others.
Accommodation
GF restaurant area - 70.39 sq m (758 sq ft)
GF Kitchen - 22.34 sq m (240 sq ft)
1st Floor restaurant seating area - 60.68 sq m (653 sq ft)
2nd Floor storage - 37.16 sq m (400 sq ft)
Basement - 27.03 sq m (291 sq ft)
Total - 217.60 sq m (2,342 sq ft)
Terms
TENANCY INFORMATION & QUOTING TERMS - The property is let in it’s entirety to a private individual trading as Spice Lounge. The property is let from 21st October 2025 on a 10 year straight FRI lease at £19,020 per annum.
There are 12 monthly rent reviews within the current lease. A copy of which is available on request.
PRICE - Offers in excess of £200,000 are sought for the freehold interest, this shows a NIY of 9.3% taking into account usual purchaser’s costs.
LEGAL COSTS - Each party to bear their own legal costs in the transaction.
Specification
- Prominently positioned
- Self contained Restaurant premises being
- fully let on a new 10 year lease
- Period building