6 King Street, Ludlow, SY8 1AQ
Offers in Region of
£695,000
£603.30 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,152 sq ft
107 sq m
- SECTOR
Mixed use property for sale
Key features
- Prime town-centre mixed-use property at 6 King Street, Ludlow, on a key retail pitch with strong footfall.
- Secure ground-floor income let to Crew Clothing Ltd, producing £30,000 per annum with approx. 4.2 years unexpired.
- Vacant upper floors with separate access from Church Walk, offering strong potential for residential conversion (subject to consents).
- Attractive Grade II listed building with rear yard, traditional construction and prominent double-fronted retail frontage.
- Offers invited around £695,000 (exclusive), presenting a compelling value-add investment opportunity in a sought-after market town.
Description
Description
The premises comprise an attractive part four and part single storey property located in the town centre of Ludlow. The commercial part of the property trades as a tenanted retail shop on the ground floor. The upper three floors floor benefit from a separate entrance from Church Walk and provide vacant accommodation in a shell condition that would ideally lend themselves to conversion to residential accommodation, subject to statutory consents.
The premises benefit from a rear yard area accessed from Church Walk. The property is of traditional brick construction under a part slate and part flat felt roof cover. The ground floor of the property is well presented, and the shop unit benefits from a fully glazed double fronted shop front onto King Street. The property is Grade II Listed.
Investment Summary
The opportunity provides the possibility to acquire a prime mixed retail investment with vacant upper floors, located within the main retail street in the historic and sought after centre of the town of Ludlow. The surrounding occupiers include national retailers such as Greggs, Vaughan, Thorntons and Fenella.
1. The upper floor levels provide a fantastic opportunity for residential conversion in this sought after town (subject to statutory consents).
2. Further significant asset management opportunities are available in the future.
3. Secure rental income of £30,000 per annum.
4. The property is located in a prime retail pitch in the centre of the sought after town of Ludlow.
5. The ground floor of the property is let on a Tenants Full Internal Repairing and Insuring Lease (subject to a schedule of condition) for approximately a further 4.2 years to Crew Clothing Company Limited.
Location
Located at 6 King Street, Ludlow, Shropshire SY8 1AQ, the property occupies a prime position on one of the town’s main retail streets, offering strong visibility and footfall. It backs onto Church Walk, providing separate access and added flexibility for mixed-use or conversion potential. All town-centre amenities, shops and eateries are within easy reach, with a major public car park close by.
Key Location Highlights
• Strong local occupiers: Surrounding occupiers include Greggs, Vaughan,
Thorntons and Fenella.
• Town-centre location: King Street is a key retail thoroughfare with excellent
pedestrian flow and immediate access to local amenities.
• Strong transport links: Ludlow railway station is around a five-minute walk
away with regular services on the Welsh Marches Line.
• Convenient road access & parking: The town connects well via the A49 and
benefits from several public car parks and a Park and Ride service.
• Renowned food and cultural scene: Known for its historic charm, quality
restaurants, independent shops and popular markets.
With its central position, excellent connectivity and strong local economy, the property is ideally placed to deliver both reliable retail income and uplift
potential through future residential conversion.
Tenure
The ground floor of the property is freehold.
Services
(not tested at the time of our inspection.) We understand that all mains services are connected to the property. Prospective purchasers to make their own enquiries.
Planning
The property is understood to be Grade II Listed and located in a Conservation Area. The commercial section of the property is
understood to benefit from planning consent for E (Commercial, Business and Service) under The Town and Country Use Classes Order 1987.
The upper floors had previously benefitted from C3 (residential) consent, which has expired.
Local Authority
Shropshire Council
The Guildhall,
Frankwell Quay,
SY3 8HQ
The premises comprise an attractive part four and part single storey property located in the town centre of Ludlow. The commercial part of the property trades as a tenanted retail shop on the ground floor. The upper three floors floor benefit from a separate entrance from Church Walk and provide vacant accommodation in a shell condition that would ideally lend themselves to conversion to residential accommodation, subject to statutory consents.
The premises benefit from a rear yard area accessed from Church Walk. The property is of traditional brick construction under a part slate and part flat felt roof cover. The ground floor of the property is well presented, and the shop unit benefits from a fully glazed double fronted shop front onto King Street. The property is Grade II Listed.
Investment Summary
The opportunity provides the possibility to acquire a prime mixed retail investment with vacant upper floors, located within the main retail street in the historic and sought after centre of the town of Ludlow. The surrounding occupiers include national retailers such as Greggs, Vaughan, Thorntons and Fenella.
1. The upper floor levels provide a fantastic opportunity for residential conversion in this sought after town (subject to statutory consents).
2. Further significant asset management opportunities are available in the future.
3. Secure rental income of £30,000 per annum.
4. The property is located in a prime retail pitch in the centre of the sought after town of Ludlow.
5. The ground floor of the property is let on a Tenants Full Internal Repairing and Insuring Lease (subject to a schedule of condition) for approximately a further 4.2 years to Crew Clothing Company Limited.
Location
Located at 6 King Street, Ludlow, Shropshire SY8 1AQ, the property occupies a prime position on one of the town’s main retail streets, offering strong visibility and footfall. It backs onto Church Walk, providing separate access and added flexibility for mixed-use or conversion potential. All town-centre amenities, shops and eateries are within easy reach, with a major public car park close by.
Key Location Highlights
• Strong local occupiers: Surrounding occupiers include Greggs, Vaughan,
Thorntons and Fenella.
• Town-centre location: King Street is a key retail thoroughfare with excellent
pedestrian flow and immediate access to local amenities.
• Strong transport links: Ludlow railway station is around a five-minute walk
away with regular services on the Welsh Marches Line.
• Convenient road access & parking: The town connects well via the A49 and
benefits from several public car parks and a Park and Ride service.
• Renowned food and cultural scene: Known for its historic charm, quality
restaurants, independent shops and popular markets.
With its central position, excellent connectivity and strong local economy, the property is ideally placed to deliver both reliable retail income and uplift
potential through future residential conversion.
Tenure
The ground floor of the property is freehold.
Services
(not tested at the time of our inspection.) We understand that all mains services are connected to the property. Prospective purchasers to make their own enquiries.
Planning
The property is understood to be Grade II Listed and located in a Conservation Area. The commercial section of the property is
understood to benefit from planning consent for E (Commercial, Business and Service) under The Town and Country Use Classes Order 1987.
The upper floors had previously benefitted from C3 (residential) consent, which has expired.
Local Authority
Shropshire Council
The Guildhall,
Frankwell Quay,
SY3 8HQ
Brochures
6 King Street, Ludlow, SY8 1AQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ludlow Station0.2 miles
About Halls Commercial, Shrewsbury
Bowmen Way, Battlefield, Shrewsbury, SY4 3DRIndustry affiliations:
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