Ludlow

The property comprises of a ground floor lock up shop unit with a basement. The shop unit is to be refurbished by the landlords prior to its letting. The property provides an open plan retail unit and would lend itself to a variety of retail and commercial occupiers. The property has a sales area with a Total Net Internal Floor Area of approximately 514 ft sq (47.7 m sq) and a basement area with a Total Gross Internal Floor Area of approximately 447 ft sq (41.5 m sq).

The property has a return glazed shop front and forms part of an attractive Grade 2 Listed property with on street car parking and public car parking in proximity to the shop unit.

Viewing of the property is recommended to appreciate the potential of the property.

Description - The property comprises of a ground floor lock up shop unit with a basement. The shop unit is to be refurbished by the landlords prior to its letting. The property provides an open plan retail unit and would lend itself to a variety of retail and commercial occupiers. The property has a sales area with a Total Net Internal Floor Area of approximately 514 ft sq (47.7 m sq) and a basement area with a Total Gross Internal Floor Area of approximately 447 ft sq (41.5 m sq).

The property has a return glazed shop front and forms part of an attractive Grade 2 Listed property with on street car parking and public car parking in proximity to the shop unit.

Viewing of the property is recommended to appreciate the potential of the property.

Location - The property is prominently located at the junction of Corve Street, Tower Street and The Bullring in the town centre of Ludlow. The surrounding occupiers include Boots, Joules and Specsavers. The property is located in a prime retail location in the retail hierarchy of Ludlow town centre.

Ludlow is an attractive and well-established market town situated in south Shropshire, approximately 30 miles south of Shrewsbury and 25 miles north of Hereford. The town benefits from a strategic position close to the A49, providing good connectivity to the wider regional road network and surrounding centres. Ludlow is an important local and visitor destination, with a strong historic character, established independent and national retailers, a wide range of hospitality and leisure operators, and a sizeable catchment population. The town’s historic buildings, castle and established tourism offer further contribute to its profile and support consistent levels of footfall within the town centre. As a result, the subject property occupies a highly prominent position within an established and desirable retailing location.

Accommodation - (All measurements are approximate)

Ground Floor
Sales area with a Total Net Internal Floor Area of approximately 514 ft sq (47.7 m sq)
Toilets

Basement
Total Gross Internal Floor Area of approximately 447 ft sq (41.5 m sq).

Rent - £15,900 (fifteen thousand nine hundred pounds) per annum (exclusive) to be paid quarterly in advance by standing order.

Tenure - The property is offered to let on a Tenants Full Repairing and Insuring Basis for a length of term by negotiation, subject to service charge of provisions. There will be rent reviews at three yearly intervals.

Rateable Value - To be revised by the charging authority.

Epc - Current Rating - E (125)

Vat - The property is understood to be elected for VAT. Therefore VAT will be payable on the rent.

Services - (Not tested at the time of inspection)
Prospective tenants to rely on their own enquiries.

The property is understood to benefit from mains electricity, water and mains drainage.

Legal Costs - Each party is to be responsible for their own legal costs in respect of the sale of the property.

Planning - The property is understood to benefit from planning consent within Use Class E of the Use Classes Order 1987.

The property is understood to Grade 2 Listed.

Local Authority - Shropshire Council, Guidlhall, Frankwell Quay, Shrewsbury, SY3 8HQ