8 VICTORIA COURT, BANK SQUARE, MORLEY LEEDS LS27 9SE

The property comprises a semi-detached office building estimated to be about 20 years old.  The accommodation is laid out on two floors.  The property is of traditional construction with walls built in stone under a concrete tiled pitched roof and has car parking immediately in front of the building.  Click here for the PDF brochure.

The property stands in a small office park at the top of Churwell Hill at Morley a short walking distance from the centre of Morley in a mixed locality comprising residential, industrial and office property

We understand the property benefits from mains water, drainage, electric and gas.  Gas fired central heating is installed.

It is understood the property has been used as a B1 Office since construction.  Applicants should make their own enquiries of the Local Planning Office.

The property is offered for sale subject to the existing tenancies in the sum of £300,000.

The ground floor is occupied by L&G Surveyors at annual rent of £11,400 per annum with the lease due to expire in January 2023. The lease will not be renewed and the property is being marketed to let.

The first floor is occupied by Corps Security on a 5-year lease from May 2022 at annual rent of £13,000 per annum with rent review at the end of the 3rd year.

Both leases are on effective full repairing and insuring terms and are outside the security of tenure provisions of the 1954 Landlord & Tenant Act. The lease to Corps Security is subject to a tenant break clause in 2025.

Our client advises that VAT is applicable on this transaction. Your legal advisors should verify.