Retail premises for sale in Bull Ring, Ludlow SY8

Key Points

Description

The property comprises of a four storey Grade 2 listed mid terraced property with a basement area. The property is of traditional brick construction under a tiled roof cover with a glazed shop front.

The ground floor shop unit is tenanted and income producing and trading as a charity shop(with the existing business unaffected). The shop unit has a Total Net sales area of approximately 979 ft sq (90 m sq).

The upper floors of the property comprise of three floors that benefit from planning consent for conversion into two residential flats under Planning Consent 23/02718/ful and Listed Building Consent 23/02719/lbc. The planning consent provides for conversion to two apartments that will have the following Total Gross Internal Floor Areas:

Apartment 1 - 1,119 ft sq (104 m sq)

Apartment 2 - 1,496 ft sq (139 m sq)

The property provides the rare opportunity to acquire a property investment with significant development potential in the sought after town of Ludlow and the potential of the property can only be appreciated by undertaking an inspection of the property.

Location

The property is located fronting onto Bull Ring in the town centre of Ludlow. The property occupiers a prime retail location in the sought after town of Ludlow. The property is located close to the junction of The Bullring with Broad Street and the surrounding occupiers include Oxfam, Timpsons, Joules and Nationwide

Ludlow is an established market town and is the administrative centre serving South Shropshire. The town has all local amenities and benefits from being an established tourist centre.

Ludlow has a population of circa 11,000, and is located approximately 34 miles from Shrewsbury and approximately 24 miles from Hereford.

Availability_Text

The accommodation comprises the following areas: