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Property Development Opportunity in Morley Leeds with Potential for Eight Apartments

Leeds, West Yorkshire
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  • Freehold: £495,000
  • Turnover: Not Applicable
  • Profit: Not Applicable

Business Details

Property Development For Sale in Leeds

FORMER GYM PREMISES / DEVELOPMENT OPPORTUNITY in Morley, Leeds for Sale.

An excellent opportunity has arisen to acquire this substantial and highly versatile commercial property, prominently situated in the heart of Morley, Leeds. The property benefits from exceptional connectivity, with convenient access to major motorway networks, making it ideally positioned for a wide range of commercial or residential uses.

The premises have a long and varied trading history, having operated successfully as a carpet warehouse for many years prior to its most recent use as a fully functioning fitness gym. During its time as a gym, the tenant undertook a significant programme of improvements, including upgrades to the electrical systems, installation of modern lighting, and the creation of high-quality changing facilities, adding considerable value to the property.

The building extends to approximately 6,326 sq ft (588 sq m), arranged over ground floor, basement, and first-floor levels. In addition, there is an external car park area measuring approximately 1,835 sq ft (170.5 sq m), providing ample on-site parking.

Importantly, the property benefits from planning permission in principle for the demolition of the existing structure and redevelopment into a scheme of eight self-contained residential apartments. It is worth noting that the initial plans submitted were deliberately conservative, and the architects involved have indicated strong potential for a revised scheme that could increase the number of units, subject to the necessary approvals.

This makes the property particularly attractive to a wide audience, including owner-occupiers seeking adaptable warehouse or industrial-style premises, investors looking to generate rental income, or developers aiming to capitalise on the approved residential redevelopment opportunity. Furthermore, the title is unencumbered and free from restrictive covenants, offering a rare and straightforward development prospect with minimal legal complications.

Access to the property is via the rear car park, with entry provided through both standard personnel doors and roller shutter doors, allowing for ease of deliveries and enhanced security. Internally, the ground floor includes an office area and a flexible open-plan showroom space, which can be accessed via steps or a ramp, making it suitable for a wide variety of commercial uses.

A central corridor runs through the property, leading past a customer WC, fire escape access, and a small storeroom, and on to a further expansive showroom area. This section also benefits from additional fire escape routes and WC facilities, ensuring compliance and operational convenience.

The central part of the building is currently utilised as a large storage area and provides access to staircase connections to both the basement and first floor. The lower ground floor basement offers substantial additional space, suitable for storage or ancillary use.

The first floor has been partitioned into four well-proportioned rooms, along with dedicated changing facilities and separate male and female shower rooms, reflecting its most recent use as a gym. A fire exit provides access to a flat roof area.

Externally, the property benefits from a private car park capable of accommodating approximately six vehicles. There is also a steel escape staircase providing access from the flat roof.

The building is of traditional brick construction with predominantly concrete structural floors throughout, offering durability and flexibility for a range of future uses.

This is a rare opportunity to acquire a substantial, strategically located property with immediate usability, strong rental potential, and significant development upside in a popular and well-connected West Yorkshire location.
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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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