Summary - 90-92, QUEEN STREET LS27 9EB
3 bed 1 bath Mixed Use
**Standout Features:**
- Prime location in Morley Town Centre on Queen Street
- Mixed-use property: Ground floor restaurant and 2 fully let apartments above
- Attractive historical Edwardian building with stunning stone facade
- Strong rental income potential totaling £21,400 per annum
- Ground floor restaurant leased until 2029 with rent review in 2025
**Concerns:**
- Remaining lease term of only 6 years may pose financing challenges
- High crime rate in the area
- Financially constrained neighborhood with high levels of deprivation
This impressive mixed-use property in Morley Town Centre presents a unique investment opportunity with a robust rental income due to its prime positioning. The ground floor houses a well-established Thai restaurant, secured under a 10-year lease with a potential for rental increases, while the first and second floors consist of two residential apartments—one with two bedrooms and the other a cozy one-bedroom unit, both fully let and generating steady income.
With a total of 2,132 square feet, this Edwardian property stands out with its charming historic architecture, ensuring it attracts tenants in a lively urban environment teeming with amenities. However, it's worth noting the property has a limited lease term which could impact mortgage approvals, alongside a notably high crime rate and area deprivation that might affect long-term growth potential. Despite these concerns, the strong rental yield and central location create an enticing opportunity for investors looking to capitalize on Morley's bustling retail and residential market. Act quickly—properties like this don’t come along often!
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