Retail premises for sale in Upper Galdeford, Ludlow SY8

Location

The property fronts Upper Galdeford in the heart of Ludlow town centre. Surrounding occupiers include a mixture of national and local traders including the likes of Lloyds Pharmacy and Coral Bookmakers. To the rear of the property is a circa 200 space public pay and display car park.

Ludlow is a thriving medieval market town and the largest in Shropshire. It provides a resident population of circa 11,000 and is located 36 miles west of Birmingham, 25 miles north west of Worcester and 25 miles north of Hereford.

Description

The property comprises a two storey retail property, most recently occupied by Co-operative Food. The building was constructed in the 1980s and provides a part glazed frontage to the ground floor retail accommodation and a loading area to the rear with two goods lifts providing access to the first floor.

Internally, the premises provides retail accommodation, staff toilets, offices, kitchen and storage accommodation inclusive of walk-in chillers and freezers on the first floor level.

Externally, the unit benefits from a concrete surfaced loading area.

Accommodation

The premises extend to the following approximate areas:-

Ground Floor 1,307.67 sq m 14,076 sq ft
First Floor 740.06 sq m 7,966 sq ft

Site 0.22 hectares 0.55 acres

Adjacent to 200 space Local Authority Car park

Price/Terms

Leasehold terms to be agreed. Alternatively consideration could be given to unconditional freehold offers.
Options

Re use existing building.
 Sub divide into smaller units.
 Re develop for retail use.
 Recently received detailed Planning Consent (Oct22) for mixed use 19 tenure apts with 12 parking spaces and 2 x A1 retail units.

EPC

The property has an EPC Rating of C (66).

Rating Assessment

The property is assessed in the 2023 Rating List as 'Supermarket and Premises' with a Rateable Value of £237,000. This is being appealed.

Planning

Interested parties should refer any planning related queries to Shropshire Council .

Legal Costs

Each party to be responsible for their own legal costs incurred in any transaction.

Money Laundering Regulations 2017

The Money Laundering Regulations 2017 place a legal obligation on Mason Partners LLP to identity a proposed purchaser once the sale has been agreed and prior to instructing solicitors. Confirmation of the source of the purchaser’s funds will also be required.

VAT

VAT, if applicable, will be payable at the prevailing rate.