Summary
| Property Type | Retail |
| Tenure | For Sale |
| Size | 1,049 sq ft |
| Rates Payable | £6,487 per annum |
| EPC Rating | This property has been graded as D (97) |
- Guide Price £50,000 - £75,000 (exclusive)
- Rare opportunity to acquire a freehold property in the sought after town of Ludlow
- Providing a lock up shop unit with vacant possession and a residential flat that has been sold off on a long lease
- Of interest to owner occupiers and investors
- Shop Unit with Total Net Internal Sales Area approximately 790 ft sq (73.39 m sq) with ancillary accommodation
About
The property comprises of an attractive Grade 2 listed property that is a mid terraced property and is three storey with a basement area. The property is arranged as a vacant lock up shop unit that is sold with vacant possession and a residential apartment that has been sold off on a long leasehold basis. The property will be of interest to owner occupiers and investors. A viewing of the property is strongly recommended in order to appreciate the potential and quality of the property.
The ground floor shop unit has a Total Net Sales Area of approximately 790 ft sq (73.39 m sq) with ancillary accommodation to the rear including a store with a Total Net Internal Floor Area of approximately 111 ft sq (10.31 m sq) and a toilet and welfare facilities. The first floor provides further accommodation with a Net Internal Floor Area of approximately 148 ft sq (13.74 m sq) and there is a basement area to the property.
Externally at the rear of the property there is an attractive external courtyard with an outside store that has a Total Gross Internal Floor Area of approximately 72 ft sq (6.68 m sq).
The property would lend itself to a variety of retail and offices uses, subject to any statutory consents.
Accommodation
| Name | sq ft | sq m |
| Ground - Sales Area | 790 | 73.39 |
| Ground - Ancillary Accommodation | 111 | 10.31 |
| 1st | 148 | 13.75 |
| Total | 1,049 | 97.45 |
Location
The property is prominently located in the sought after town of Ludlow fronting onto The Bullring. The Bull Ring serves as one of the main retail streets serving the town of Ludlow. The surrounding occupiers include Specsavers, Boots Joules and The Feathers.
Ludlow is a market town and civil parish in Shropshire, England. It is located 28 miles (45 km) south of Shrewsbury and 23 miles (37 km) north of Hereford, on the A49 road which bypasses the town. The town is near the confluence of the rivers Corve and Teme.
Ludlow has nearly 500 listed buildings, including examples of medieval and Tudor-style half-timbered buildings. The town was described by Sir John Betjeman as "probably the loveliest town in England".
Mainline Stations
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Ludlow4 mins
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Craven Arms139 mins
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Broome154 mins
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Hopton Heath161 mins
Underground Station
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Reading1881 mins
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Twyford1936 mins
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Chesham1942 mins
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Amersham1965 mins
Further Information
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Tenure
The property is offered for sale freehold and is held under the ownership of Title Number SL69884.
The shop unit is offered for sale with vacant possession. The residential flat to the upper floors of the property has been sold off on a 999 year lease from 24th March 2006 and is owned under Title Number SL177236. -
Guide Price/Reserve
£50,000 - £75,000 (Fifty Thousand Pounds - Seventy-Five Thousand Pounds) (Exclusive)
*Guides are provided as an indication of each seller’s minimum expectation they are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a reserve [a figure below which the Auctioneer cannot sell the property during the auction] which we expect will be set within the Guide Range or no more than 10% above a single figure guide.
The property is offered for sale by public auction on Friday 25th of April at 3pm at Halls Holdings House, Bowmen Way, Battlefield, Shrewsbury, Shropshire, SY4 3DR. -
Buyers Premium
In addition to the contract deposit required, buyers should note when bidding, that on the fall of the gavel, they will be responsible for paying a Buyer’s Premium as noted on individual lots. This is additional to the purchase price and set at 2.5% plus VAT of the “hammer price”, subject to a minimum fee of £2,500 plus VAT (£3,000).
Please bring with you the means to pay both the deposit and the Buyer’s Premium. -
Money Laundering Regulations
PLEASE NOTE that any person buying or bidding at auction MUST produce TWO forms of *identification documentation. One to confirm their name and residential address, i.e. utility bill or bank statement and one photo ID, i.e. passport or driving licence. We
will be unable to accept your bid unless you have registered with us and produced suitable ID. -
Conditions Of Sale
Please note that the property is sold in accordance with the Common Auction Conditions [4th Edition March 2018] (a copy of which is included with the Legal Pack). Special Conditions of Sale relating to each lot are available upon request from the Auctioneers or the Vendors Solicitor prior to the auction.
The contract and special conditions of sale will not be read out by the auctioneers at the auction but will be available for inspection at the auctioneer’s offices or the vendors solicitors for a period before the auction date. Purchasers will be deemed to have inspected these Special Conditions of Sale and will be legally bound by these conditions which will form part of and will be attached to the Sale Memorandum. -
Payment of Deposit
The successful buyer of each lot will be required to pay a deposit of 10% of the purchase price (subject to a minimum of £1,000) to the vendors’ solicitor prior to leaving the saleroom. Any deposit payments collected by Halls Holdings Limited will incur a 1% service charge. PLEASE NOTE THAT WE DO NOT ACCEPT ANY FORM OF CASH DEPOSIT OR CREDIT CARDS.
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Rights Of Way Easements/Wayleaves
The land will be sold subject to any wayleaves, public or private rights of way, easements and covenants and all outgoings whether mentioned in the sales particulars or not.
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Town & Country Planning
The land will be sold subject to any development plan, tree preservation order, town planning schedule, resolution or notice which may be or come to be in force, subject to any road widening or improvement schemes, land charges and statutory or provisional by-laws without any obligation on the vendor to specify them.
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Boundaries, Roads & Fences
The Purchasers shall be deemed to have full knowledge of the boundaries and roads and neither the Vendor nor the Agent will be responsible for defining the ownership of boundary hedges or fences.
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Services
(not tested at the time of our inspection)
All mains services are understood to be connected to the property. The property has a gas fired central heating system.
Gallery
