No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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£595,000
Added > 14 days

2 bedroom property for sale

Bull Ring, Ludlow, Shropshire, SY8
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Property
2 bed
0 bath

Key information

Tenure: Ask agent
Council tax: Ask agent
Broadband: Ultra-fast 1000Mbps *
Mobile signal: 
EE O2 Three Vodafone
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
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Property description & features

Historic freehold property totalling 5,300 sqft comprising of ground floor retail (circa 1,500 sqft), two storeys of accommodation (circa 2,500 sqft), separate courtyard building (circa 1,300 sqft) and a cellar.

An exciting opportunity to acquire an attractive period property set within the charming historic heart of Ludlow, with huge potential for a range of uses (subject to planning) including a coffee shop, wine bar, holiday lets, residential apartments...and more.

LOCATION
No. 6 & 7 The Bull Ring lies at the end of the medieval market area which stretches eastward from the entrance of Ludlow Castle. The Property sits within the main shopping area of Ludlow as well as one of the primary vehicular through routes off Corve Street.

HISTORY
Heber Rickards established Rickards at No. 6 & 7 The Bull Ring in 1864. It has been a much loved hardware shop for over 150 years serving the local community. The Property is of nineteenth century construction and extends to 3 storeys with a cellar. The shopfront benefits from glazed double doors and canted windows, elsewhere, the windows are predominately wooden sashes and leaded casements of Regency and Victorian style. The Courtyard Building is located to the rear of No. 6 & 7 and is connected by way of an open courtyard.

NO. 6 & 7 GROUND FLOOR
No. 6 & 7 The Bull Ring is occupied as a single retail enterprise. Rows of wooden drawers run along the back walls with a 19th-century cash desk protected by a sliding glass window in the centre. Beyond street level, an open plan retail area overlooks The Courtyard with a separate room utilised as a kitchenette and WC. A further room is occupied as an office and benefits from a curved window overlooking The Courtyard. The floorspace surrounding The Courtyard includes one store and three further rooms, one of which is presently utilised as an AGA sales room. The Cellar is accessed directly from No. 7 by way of a staircase.

FIRST FLOOR & SECOND FLOOR
The first floor is accessed by a staircase from No. 7. On the first floor there are once elegant rooms which served as the Rickards family accommodation for over twenty years. The original dining room has a well preserved ceiling rose with a large feature window overlooking Corve Street. Above, on the second floor, the majority of the rooms enjoy views onto Corve Street and The Bull Ring, whilst the room to the rear looks onto St Lawrence’s Church. The wallpaper in the rooms suggests their original use as bedrooms. Both floors predominately feature exposed wooden floorboards and benefit from electrical light fittings.

COURTYARD BUILDING
The Courtyard Building is accessed from The Courtyard through either No. 6&7, or through a gateway to a side passage leading onto Corve Street (B4361). The Courtyard Building served as a rear warehouse to Rickards & Son Ltd and is typical of an early nineteenth century storage building. Access is from a staircase off The Courtyard which leads to the first floor which has two rooms annotated as Store 4 & 5 on the floor plan. The second floor is accessed from a wooden staircase which leads into Store 6 & 7. Access into the Attic is reached by way of a steep wooden staircase. There is a fine view looking across to The Readers House and St Laurence’s Church. The flooring throughout is predominately exposed wooden floorboards and there are a number of feature beams visible throughout.

FIXTURES & FITTINGS
The shop counter & drawers will remain.

SERVICES
The Property is connected to mains water (metered), mains drainage (Severn Trent), mains electricity (Western Power) and mains gas. There is no central or storage heating. The only form of heating derives from fan heaters, the AGA (ran off mains gas) and a gas fire in the office.

TENURE & POSSESSION
Freehold available on completion. Although this sale is solely for The Property and not the business, the vendor is willing to enter into discussions should any purchaser be interested in buying the retail arm of Rickards & Son Ltd. RATES £15,469 (2021-22) per annum. Currently subject to Government grant reduction scheme. EPC RATINGS Exempt due to Grade II listing status.

LOCAL AUTHORITY
Shropshire Council, Shirehall, Abbey Foregate, SY2 6ND

HEALTH & SAFETY
Please take care when viewing the property and be as vigilant as possible when making an inspection for your own personal safety.

WAYLEAVES EASEMENTS & RIGHTS OF WAY
A right of way granted by conveyance allows for access between No. 9/10 The Bull Ring and No. 7 The Bull Ring. The access passage is obtained through a locked pedestrian gate off Corve Street allowing for access into the side doors of No.7.

LISTING STATUS
Grade II listed

DEVELOPMENT POTENTIAL
The benefit of the property is that the upper floors and the courtyard building both have an independent access and are not reliant on access through the retail frontage.
Planning and Listed Building consent has been granted by Shropshire Council for the development of the first and second floors to provide 2 x 2 bedroom apartments with spacious kitchen diner and seperate lounge.
In addition, there is further scope for the development of The Courtyard Building (subject to consents)

METHOD OF SALE
The Property is offered for sale by Private Treaty at offers over £595,000

VIEWINGS
Viewings are strictly by appointment with the selling agent. Interested parties are not permitted to view the property without a prearranged appointment with the selling agent. Under no circumstances should contact be made with Rickards' regarding viewing appointments.

Places of interest

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    *DISCLAIMER

    Property reference SYR230015. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Carter Jonas - Shrewsbury.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed: obtained from Ofcom on April 19, 2022

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength: obtained from Ofcom on April 19, 2022

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.