6 Tower Street, Ludlow

Guide price

£200,000

Auction

Size

2,484

Tenure

Freehold

EPC

Parking

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Primary use
Mixed use

No floor / site plan

Key features

  • High Yielding Mixed-Use Investment
  • Restaurant Unit and 2-Bed Maisonette
  • Single-Let to Individual on a Lease Expiring 16.05.36
  • Well-Located in Ludlow Town Centre
  • Located on a Pedestrianised High Footfall Street
  • 2,484 sq ft (230.7 sqm) Property that Benefits from a Terrace to the Rear
  • The Property is Not Elected for VAT
  • Investment Let at £24,000 p.a. (12.00% GIY on Guide Price)

Description

The property comprises 2,484 sq ft (230.7 sqm) off mixed-use accommodation over ground, basement, first and second floors. The restaurant element comprises ground and first floor seating and benefits from additional external seating area to the rear of the property at the first floor level. The kitchen and toilets are located on the ground floor with additional storage space in the basement.

The residential element comprises a substantial modernised 2 bedroom maisonette over the first and second floors (1,076 sq ft), which benefits from its own independent access onto Tower Street. The maisonette is occupied by the operators of the restaurant.

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.

The property is prominently located fronting onto Tower Street in the Town centre. Tower Street serves as one of the main retail streets in the town centre of Ludlow with surrounding occupiers including Greggs, Boots, Oxfam, Joules and Specsavers.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating

Unclassified

Environmental description
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Read more about energy considerations for commercial property

Brochure

6 Tower Street, Ludlow

NEAREST STATIONS

National Rail

Ludlow Station

0.19 miles

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Disclaimer - Property reference 9CF91985-3A73-4902-AAB0-C9F7497F6029. 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 Savills National , Savills Auctions- Commercial. 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.