Commercial property for sale in Ludlow, England, United Kingdom SY8

Business
Reasonable Offers Considered

CoGoGo are proud to introduce to the market this prime Freehold sale.

This prominent three storey premise comprises of a ground floor, which is set up as a fish and chip shop with all equipment, fixtures and fittings. Currently leased out for £100 per week.

Above the shop is the 3-bedroom living accommodation split over the remaining two floors. Beautifully presented with a superb kitchen/diner and modern décor. This is ideal as either owner’s accommodation or if let there is the potential to generate an additional rental income of circa £5,400 per annum (450 pcm).

We would encourage early viewing of this prime asset which genuinely comes to the market as a retirement sale.

Location
This fantastic freehold investment opportunity is located in the picturesque town of Ludlow, Shropshire.

This prominent building occupies a prime corner position within a heavily populated residential area. The premise is located close to Ludlow Junior School. The area is served by the A49 and the town centre and train station are just a short distance away from the property.

Ludlow is an attractive and thriving market town. The town centre is steeped in rich history and is situated on a cliff above the River Teme and is surrounded by stunning countryside attracting thousands of visitors’ year after year.

Premises
Prominent three storey premise briefly comprising: -

Large ground floor retail area. Set up as a fish and chip shop with all relevant equipment, fixtures and fittings.

Owners accommodation
Kitchen/diner
Modern kitchen units with range cooker, sink unit with drainer, adequate work surfaces with cupboards under, radiator and access to pantry housing boiler.

Inner hallway
Stairs to second floor accommodation and under stairs Office.

Living room
Double glazed windows and radiator.

Second floor landing
Double glazed window and access to bedrooms and bathroom.

Bedroom 1
Window and radiator.

Bedroom 2
With skylight and radiator

Bedroom 3
Double glazed window and radiator

Bathroom
Toilet, bath, radiator, sink and separate shower cubicle.

Tenure
Freehold

The business is leased out to the tenant with 4 years remaining on a 5 year lease. The tenant is paying £180 per week.

Hours
n/a

Staff
n/a

Financial Profile
Potential to generate a good rental income.

The business is leased out to the tenant with 2 years remaining on a 5 year lease. The tenant is paying £180 per week.

The accomodation would receive rent of £5,400 per annum.