- Freehold multi-let retail investment with two food tenants
A fully let, freehold retail investment on Bridge Street, Morley, offering immediate income and clear asset management potential. The property comprises two established food tenants (chip shop and Indian restaurant) producing a combined headline rent of £39,760pa and an indicative net initial yield of 10.19% at the guide price of £375,000. Leases provide secure short-to-medium term income with unexpired terms to 2031 and 2032.
The building occupies a prominent corner plot with excellent roadside visibility and a large tarmac forecourt/parking area — a rare amenity for roadside retail. Both trading units benefit from EPC ratings of B (40 and 46) and report loyal local customer bases. No VAT is payable on the sale.
Buyers should note the location sits within a very deprived area with above-average crime statistics; this affects occupational risk and long-term footfall dynamics. External photos indicate parts of the property are boarded and some finishes may require refurbishment; internal condition is not fully visible. Long-term redevelopment potential exists subject to planning (STPP), offering upside for an investor prepared to manage asset refurbishment or repositioning.
This asset is aimed squarely at investors seeking high current yield and hands-on value-add opportunities in a busy suburban trading location. The combination of secure passing rent, on-site parking and redevelopment upside makes this suitable for a buyer focused on income with medium-term capital growth potential.
