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COMMERCIAL

Corve Street, Ludlow, Shropshire

Offers in Excess of
£100,000
McCartneys LLP, Ludlow
PROPERTY TYPE

Restaurant

SIZE

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Description

An excellent opportunity to acquire a successful restaurant business in the heart of historic Ludlow. Located in an iconic building, formerly the Post Office, Bistro 7 has an excellent frontage on to Corve Street. Occupying the ground floor with a useful basement storage area and 4 allocated parking spaces. Leasehold/ Rent and Term by negotiation.

The current owners have established a thriving business with an excellent reputation using locally sourced ingredients. The restaurant is run with a team of two chefs and 7-8 waiting staff. With 50 covers and a lovely bar area Bistro 7 opens Tuesday to Saturdays for dinner. There is great scope to further expand the business by opening at lunchtimes. CEPC B.

Introduction

An excellent opportunity to acquire a successful restaurant business in the heart of historic Ludlow. 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. Located in an iconic Grade II listed building, formerly the Post Office, Bistro 7 has an excellent frontage on to Corve Street. Occupying the ground floor with a useful basement storage area and 4 allocated parking spaces. The current owners have established a thriving (truncated)

Restaurant and Bar Area

80 sq.m (861 sq.ft) A lovely space with windows to Corve Street and a fitted bar area.

Kitchen

5.82m x 4.04m

A fully equipped catering kitchen. An inventory of items to be included within the sale is available.

WC

Disabled wc facilities.

WC

Ladies Cloakroom.

Office/Store

4m x 2.18m

With door opening to the side. Housing the gas fired central heating boiler.

Cellar

Accessed from a separate entrance oustide this is a useful storage area with light and power points approximately 28.23 sq.m.

Allocated Parking

To the rear of the building is a car park and there are four allocated parking spaces. There is also a useful storage shed in the car park.

Leasehold Details

Lease term by negotiation. Current rent £22,027 per annum. Rateable Value £17,250 Rates payable - £8607.75 per annum.

Permitted Use

Under the terms of the current lease the premises must be used as a high class restaurant.

Brochures

Particulars

Corve Street, Ludlow, Shropshire

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Ludlow Station0.1 miles
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About the agent

McCartneys LLP, Ludlow

16-17 High Street, Ludlow, SY8 1BS

McCartneys LLP, Ludlow

McCartneys LLP is the leading independent Auctioneers, Estate Agents, Chartered Surveyors and Valuers in the Marches, Mid Wales and West Midlands, with seventeen Property Offices and five Livestock Centres covering 4 counties.

More properties from this agent

Industry affiliations

National Association of Estate Agents

Notes

These notes are private, only you can see them.

Disclaimer - Property reference LUD230056. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by McCartneys LLP, Ludlow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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