Corve Street, Ludlow
Offers in Region of
£45,000
£60.89 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
739 sq ft
69 sq m
- SECTOR
Commercial property for sale
Key features
- Prime town centre position on Corve Street, a main route linking the A49 to Ludlow’s historic core
- Ludlow is an affluent and highly regarded market town with a strong independent retail and hospitality sector.
- Internationally recognised food and tourism destination, home to the annual Ludlow Food Festival and a thriving visitor economy.
- Excellent road connectivity via the A49 providing links to Shrewsbury and Hereford.
- Ludlow railway station offers direct services on the Welsh Marches Line, connecting to Manchester, Cardiff and beyond.
- Attractive historic setting anchored by Ludlow Castle, drawing significant visitor footfall throughout the year.
Description
Your opportunity to acquire a long-established leasehold retail business in the sought-after market town of Ludlow. The business specialises in the sale of clothing, cards, gifts and accessories and has built a strong reputation and customer base over many years of successful trading. The shop benefits from consistent footfall and an attractive trading position.
The business is offered for sale due to genuine retirement, presenting a rare chance for an incoming proprietor to build upon an established foundation with potential for further growth. Early viewing is highly recommended to fully appreciate the quality of the opportunity. Offers in the region of £45,000 (exclusive) plus SAV.
Description - The sale of this long-established leasehold business offers the opportunity to acquire a rare opportunity of a business offering the sale of clothing, cards, gifts and accessories that trades from a ground floor lock up shop unit that
forms part of an attractive listed property.
The shop unit from which the business trades is occupied via an occupational lease and is arranged to provide a Total Net Internal Sales Area of approximately 741 sq ft (68.80 sq m) with ancillary accommodation and has a glazed frontage onto Corve Street.
The shop unit has a large central table area ideal for seasonal displays. There is a purpose built, centrally placed sales counter where you can view the whole shop with the added security of CCTV. There is also has a forward-facing display area to maximise purchases and a raised sales area with racking for clothing and changing room. The shop unit has 2 illuminated glass cabinets placed next to the sales counter to house jewellery and premium items.
It has a pocket money toys area to attract families to the store. Greeting cards are a stable income and there is room for 8 spinners. There is an intruder alarm fitted within the sales area and currently maintained by ADT.
An inspection of the business is recommended in order to appreciate the attractive shop unit from which the business trades.
Location - The business occupies a prominent frontage onto Corve Street, one of the principal arterial routes into Ludlow’s historic town centre. Situated in the heart of the town and in close proximity to the renowned Feathers Hotel, the property
benefits from strong pedestrian flow generated by both local shoppers and year-round visitors to this popular market and tourist destination.
Ludlow combines architectural heritage, a strong tourism sector and an established independent retail culture, underpinning consistent trade and making it an exceptional location for retail businesses.
Business Summary - This rare business opportunity is only offered for sale due to the retirement of the proprietors. The business has been established for over 26 years and has a loyal client base supported by the tourism trade from the historic town of Ludlow.
The business has an emphasis on fair trade goods and has established a strong reputation in the sale of clothing, cards, gifts and accessories and offers an ideal business opportunity for a private individual with strong potential for further growth particularly via online sales as the business does not currently have a website, The business has a Facebook page as follows:
Operating Details
The business is currently ran by the proprietors with assistance from part time staff. Further details are available from the selling agents upon request.
The business opening hours are currently;
Mon - Sat: 10am - 5pm
Sunday: 11am - 4pm
The business for the period upto the financial year ending June 2025 reported a turnover of approximately £113,500 per annum. Further financial information including audited accounts are available from the selling agents upon request to genuinely interested parties. The sale of this business offers a unique opportunity to acquire an established business in the sale of clothing, cards, gifts and accessories with significant potential for growth.
Rateable Value - Current Rateable Value = £11,000
Fixtures & Fittings - A detailed inventory of the fixtures and fittings included I the sale of the business are available from the selling agents upon request.
Tenure - The property is held on a Lease dated 1st of May 2024 between Gweneth Bellwood and Kaboodle Diverse World Limited and Shayne Raymond Adams and Hazel Adams for a lease term expiring on 30th of April 2029 at a rent of
£13,000 per annum from 1st of May 2025 to 30th of April 2026 and £13,500 per annum from 1st of May 2026 to 30th of April 2027. The lease is on Tenants Internal Repairing and Insuring Lease and a copy of the same can be made available from the selling agents upon request.
Services - (not tested at the time of inspection) We understand that mains water, electricity and drainage are connected to the property.
Vat - This business sale is understood to not be elected for VAT, and therefore VAT will not be charged on the purchase price.
Legal Costs - Each party is to be responsible for their own legal costs. The purchaser is to be responsible for the landlords legal costs in approving the assignment of the lease.
Local Authority - Shropshire Council
Guildhall, Frankwell Quay
Shrewsbury, SY3 8HQ
The business is offered for sale due to genuine retirement, presenting a rare chance for an incoming proprietor to build upon an established foundation with potential for further growth. Early viewing is highly recommended to fully appreciate the quality of the opportunity. Offers in the region of £45,000 (exclusive) plus SAV.
Description - The sale of this long-established leasehold business offers the opportunity to acquire a rare opportunity of a business offering the sale of clothing, cards, gifts and accessories that trades from a ground floor lock up shop unit that
forms part of an attractive listed property.
The shop unit from which the business trades is occupied via an occupational lease and is arranged to provide a Total Net Internal Sales Area of approximately 741 sq ft (68.80 sq m) with ancillary accommodation and has a glazed frontage onto Corve Street.
The shop unit has a large central table area ideal for seasonal displays. There is a purpose built, centrally placed sales counter where you can view the whole shop with the added security of CCTV. There is also has a forward-facing display area to maximise purchases and a raised sales area with racking for clothing and changing room. The shop unit has 2 illuminated glass cabinets placed next to the sales counter to house jewellery and premium items.
It has a pocket money toys area to attract families to the store. Greeting cards are a stable income and there is room for 8 spinners. There is an intruder alarm fitted within the sales area and currently maintained by ADT.
An inspection of the business is recommended in order to appreciate the attractive shop unit from which the business trades.
Location - The business occupies a prominent frontage onto Corve Street, one of the principal arterial routes into Ludlow’s historic town centre. Situated in the heart of the town and in close proximity to the renowned Feathers Hotel, the property
benefits from strong pedestrian flow generated by both local shoppers and year-round visitors to this popular market and tourist destination.
Ludlow combines architectural heritage, a strong tourism sector and an established independent retail culture, underpinning consistent trade and making it an exceptional location for retail businesses.
Business Summary - This rare business opportunity is only offered for sale due to the retirement of the proprietors. The business has been established for over 26 years and has a loyal client base supported by the tourism trade from the historic town of Ludlow.
The business has an emphasis on fair trade goods and has established a strong reputation in the sale of clothing, cards, gifts and accessories and offers an ideal business opportunity for a private individual with strong potential for further growth particularly via online sales as the business does not currently have a website, The business has a Facebook page as follows:
Operating Details
The business is currently ran by the proprietors with assistance from part time staff. Further details are available from the selling agents upon request.
The business opening hours are currently;
Mon - Sat: 10am - 5pm
Sunday: 11am - 4pm
The business for the period upto the financial year ending June 2025 reported a turnover of approximately £113,500 per annum. Further financial information including audited accounts are available from the selling agents upon request to genuinely interested parties. The sale of this business offers a unique opportunity to acquire an established business in the sale of clothing, cards, gifts and accessories with significant potential for growth.
Rateable Value - Current Rateable Value = £11,000
Fixtures & Fittings - A detailed inventory of the fixtures and fittings included I the sale of the business are available from the selling agents upon request.
Tenure - The property is held on a Lease dated 1st of May 2024 between Gweneth Bellwood and Kaboodle Diverse World Limited and Shayne Raymond Adams and Hazel Adams for a lease term expiring on 30th of April 2029 at a rent of
£13,000 per annum from 1st of May 2025 to 30th of April 2026 and £13,500 per annum from 1st of May 2026 to 30th of April 2027. The lease is on Tenants Internal Repairing and Insuring Lease and a copy of the same can be made available from the selling agents upon request.
Services - (not tested at the time of inspection) We understand that mains water, electricity and drainage are connected to the property.
Vat - This business sale is understood to not be elected for VAT, and therefore VAT will not be charged on the purchase price.
Legal Costs - Each party is to be responsible for their own legal costs. The purchaser is to be responsible for the landlords legal costs in approving the assignment of the lease.
Local Authority - Shropshire Council
Guildhall, Frankwell Quay
Shrewsbury, SY3 8HQ
Brochures
Corve Street, Ludlow
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ludlow Station0.1 miles
About Halls Commercial, Shrewsbury
Bowmen Way, Battlefield, Shrewsbury, SY4 3DRIndustry affiliations:
Notes
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