A rare opportunity to acquire a substantial property in commercial use and with residential potential in the sought after town of Ludlow.
Prospective purchasers should make their own enquiries to the planning authority.
The property is understood to be Grade 2 listed.
The shop unit is understood to benefit from planning consent for Use Class A1 (Retail) by virtue of established use.
The property would lend itself to a variety of residential and commercial uses, subject to statutory consents.
The rear building structure is in need of refurbishment and would ideally like the upper floors of the front property structure would ideally lend itself to future residential use.
The property provides a part three and part two storey mid terraced property with a large garden area.
It is currently arranged to provide on the ground floor at the front of the property a retail shop with a Total Net Sales Area of approximately 484 sq ft (44.96 m sq) with ancillary accommodation on the ground floor and the upper two floors providing offices, welfare facilities and rooms at second floor level.
The upper floors would lend themselves to residential conversion, subject to the receipt of any statutory consents. This is assisted by the fact that the property benefits from a separate access from Old Street to that serving the shop unit.
At the rear, the property also benefits from a two storey structure which is currently in need of refurbishment. This part of the property lends itself to residential conversion, subject to the receipt of statutory consents.
At the rear is a large garden area.
The sale of this property offers the rare opportunity to acquire a substantial property with significant development and investment potential.
The property is of traditional construction being of part brick and part stonework under a slate roof cover. There are outbuildings attached to the property structure.
The potential of the property can only be appreciated by undertaking an inspection of the property.
The property comprises a prominent Grade 2 listed property located fronting onto Old Street in the town centre of the sought after town of Ludlow.
The property is located in an area of mixed development on the edge of the town centre. Ludlow is an established market and tourist town, located in South Shropshire with a population of circa 11,000 people. The town has nearly 500 listed buildings and was described by Sir John Betjeman as probably the loveliest town in England. Ludlow has a reputation for the quality of its food and drink, boasting excellent bars and restaurants encouraged by the area’s abundance of quality producers. Every September the town is filled with food lovers from all over the UK and beyond for the annual Ludlow Food and Drink Festival. It was voted in The Times recently as one of the loveliest towns to live in.
All prices and figures are quoted exclusive of VAT. It is understood that the property is not elected for VAT