From
£1,100,000
Property for saleLeeds LS27
About this property
Comprising a gross internal area of circa 26,500 Sq Ft and providing some 13,500 Sq Ft of net of retail space in 60 separate stalls arranged across a split level ground floor
Sold subject to the existing tenancy arrangements generating approaching £350,000 p.a. Plus casual income
14 vacant units offer potential to generate an additional £100,000 p.a. Approx. Of licence fees
Two entrances from the pedestrianised Queen Street and additional entrances from Hope Street and Commecial Street
Significant frontage to Hope Street opposite Farmfoods and Home Bargains and to Commercial Street opposite a public car park
The traders are generally independent family busineesses. One third have been in occupation for over 10 years
VAT is Applicable to this Lot
Investment presently producing £360,000 p.a. (32.7% giy on Guide Price), Plus circa 14 vacant units
Auction Sale - 15/09/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Morley Market is believed to date back to around 1880 and comprises a gross internal area of circa 26,500 sq ft, which provides some 13,500 sq ft net retail space arranged around approx. 60 separate stalls
The property is occupied under licence arrangements which, together with additional casual income estimated at £10,000 p.a., provide an operating revenue of £360,000 per annum, with potential to increase this by letting the vacant units
Investment predominantly let on licences at £360,000 p.a. (?.?% giy on Guide Price, Plus 14 vacant stalls)
Description
Morley Market is believed to date back to around 1880 and is arranged across a split level ground floor affording a gross internal area of circa 26,500 Sq Ft, it provides some 13,500 Sq Ft net of retail space within around 60 separate stalls and retail units of various sizes.
A handful of units enjoy window frontages. Individual stalls and retail units are generally let on inclusive “easy-in easy-out” licence arrangements with individual traders bearing responsibility for their own business rates and electricity charges
See Morley Market Website
Location
Morley is a popular and expanding market town located approximately 5 miles south-west of Leeds City Centre.
The principal shopping is centred around Queen Street.
Morley Market can be accessed from the pedestrian section of Queen Street, where one entrance adjoins Ladbrokes and another entrance adjoins Cooplands.
The Market has significant frontages to and entrances from both Hope Street (opposite Farmfoods and Home Bargains) and to Commercial Street opposite a public car park
Transport
The town is located in the middle of the M62 and M621 Motorways to the east of junction 27 linking Morley to Leeds, Manchester and Hull
Morley train station provides regular services to Leeds, Huddersfield and Wigan
Occupiers close by include Ramsdens, Boots, Betfred, Santander, Hays Travel, Greggs, Savers, Home Bargains and Farmfoods
Tenancy
The property is let on a number of seperate tenaancy agreements with all traders being responsibe for their own business rates and electricity charges.
The Tenancy Ageements currently produce approximately £350,000 p.a.
In addition there is extra casual income generated from pop up stalls that produces approximately £10,000 p.a.
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