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

Home 5 VICTORIA COURT, BANK SQUARE, MORLEY, LEEDS LS27 9SE
  • £ 240,000.00
  • Type:
  • Location:
  • Posted On: Nov 18, 2022
Sale
DESCRIPTION

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 freehold is offered for sale subject to the existing tenancies at offers in the region of £240,000. It maybe possible to negotiate a surrender of the ground floor accommodation with Springfield Training and the property could be sold with the benefit of vacant possession.

The ground floor accommodation is let to Springfield Training Ltd for a term of 5 years from 01.04.22 at a rent of £9,800 pa. The Lease is outside the security of tenure provisions 1954 Landlord & Tenant Act. There is a Tenants option to break on 31.03.2025. The Lease is held on effective full repairing and insuring terms. Springfield have found alternative premises and are shortly to vacate the premises. They are still liable under the lease.

The first floor tenant has just given notice with effect from 1st March 2023 and, therefore, the upper floor accommodation will be vacant from 1st June 2023.

There is a landlord service charge to cover the management of the development, site service charge, boiler servicing and security and fire alarm testing of £3,400 approx. plus VAT for the year ended 31st December 2022.

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

Location Info