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City Mills Peel St 18,434 sq ft 100% Let Office Property Morley LS27 8QL £1,625,000 (£88.15/sq ft) 9.08% Net Initial Yield
Investment Highlights
- Versatile mix of uses including office, studio, showroom, industrial, and leisure
- Fully occupied with a waiting list, ensuring strong rental demand
- Situated in Morley town centre near retail and leisure amenities
- Multi-let freehold property with 26 units leased to 16 different tenants
Executive Summary
Opportunity to acquire a fully let, income-producing investment opportunity within the heart of Morley town centre. The property totals 18,434 sq ft arranged predominantly over five floors including office, studio, showroom, industrial, and leisure uses. 26 individual units let to 16 tenants generating a passing income of £156,642 per annum. The business centre occupies a prominent position on Peel Street, just a short walk from Queen Street’s retail and leisure amenities, providing convenience and visibility for occupiers.
Offers in excess of £1,625,000 are sought, reflecting an attractive net initial yield of 9.08% and a low capital value of £88.15 per sq ft. This investment provides both stability and upside in a well-connected West Yorkshire location.
Offers in excess of £1,625,000 are sought, reflecting an attractive net initial yield of 9.08% and a low capital value of £88.15 per sq ft. This investment provides both stability and upside in a well-connected West Yorkshire location.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
18,434 sq ft
Costar Property Class
B
Year Built/Renovated
1952/2008
Price
£1,625,000
Price per sq ft
£88.15
Yield
9.08%
NOI
£147,550
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
4,511 sq ft
Amenities
- 24 Hour Access
- Security System
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City Mills | Peel St
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