How you can buy a bank in a Leeds suburb

The chance to town your own bank has come up in a Leeds suburb,

Tuesday, 23rd March 2021, 3:23 pm
Updated Tuesday, 23rd March 2021, 3:24 pm

The freehold on the Santander Bank at 91 Queen Street in Morley, in Leeds, is listed for sale with a guide price of £335,000+ ahead of an auction on Wednesday 31 March.

The sale is being managed by Bond Wolfe Auction and comes as Morley is set for a major transformation after securing £24 million from the government’s towns fund, revealed in Chancellor Rishi Sunak's Budget announcement earlier this month.

Ian Tudor, managing director of Bond Wolfe Auctions, said: “It is hard to imagine a better time to buy property in Morley, as the town prepares for major investment.

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“A commercial investment like this is sure to attract considerable interest at our upcoming online auction, particularly with such a competitive guide price.”

The town centre bank, currently let to Santander, brings in a rental income of £33,500 per annum.

The premises have been used for a bank for three decades, standing on the eastern side of Morley’s pedestrianised Queen Street, a busy shopping area near Morley’s indoor market and a popular Morrisons food store.

The two-storey, mid-terraced building has the bank on the ground floor, with the first floor offering additional accommodation.

Mr Tudor said: “We believe there are opportunities to convert the upper floors to residential use in the future, if the necessary planning permission can be secured.”

The bank building is just one of 226 lots listed for Bond Wolfe Auction’s next online auction on Wednesday 31 March.