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 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
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
The property is Grade II Listed.
The premises are situated fronting onto King Street in the town
centre of Ludlow, one of the main retail streets in the town centre
and all local amenities are within close proxmity. The property at
the rear abuts Church Walk.
The surrounding occupiers are in retail use, with one of the
town's main car parks being within close proximity.
Ludlow is a sought after, established market and tourist town,
with a population of circa 11,000. It was voted in The Times
recently as one of the loveliest towns to live in. Ludlow has
a reputation for the quality of its food and drink, boasting
excellent bars and restaurants, encouraged by the area's
abundance of quality producers.(All measurements are approximate and measured on a Net Internal Floor Area Basis)
Area Sq m Sq ft
Total Ground Floor 107.1 1,152
Room 1 17.804 191.59
Room 2 23.315 251.01
Room 3 29.414 316.56
Room 4 19.438 209.25
Room 5 30.879 332.38
Room 6 18.469 198.8
Room 7 9.585 103.22
Room 8 21.405 230.45
Third Floor 31.673 340.89
(arranged as Sales, Welfare and Store)
Outside: Rear Yard Area with access from Church Walk
External Staircase leading to
The upper floor levels of the property have a separate rear
access from the yard area at the rear of the property and
provide accommodation in a shell condition.The premises are offered for sale freehold, subject to the existing occupational tenancy, under Property Title Number SL58278.
The property is being sold subject to the following occupational lease of the ground floor;
There is an existing lease between Owen John Rafferty and Timothy Terence Rafferty and Crew Clothing Limited for a term of 10 years from the 1st of October 2012.
There was a rent review due with effect from 1st of October 2017, which has not been initiated.
The current rent passing is £38,500 per annum.
The lease is granted on Full Repairing and Insuring Terms (subject to a schedule of condition).
A copy of the lease is available from the selling agents upon request.
The upper floors are vacant.We have made non-verbal enquiries to the local charging authority and we have
been advised as follows:
Rateable Value £18,250
Rates Payable £8,760
( Agency Pilot Software Ref: 33019 )