Restaurant to rent

5-6 Broad Street, Ludlow, SY8 1NG

01743 534860

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Restaurant

0 bed

0 bath

6,802 sq ft / 632 sq m

Property description & features

Prominently located in the town centre of the sought after town of Ludlow
Former restaurant premises that is Iconic in the town of Ludlow known as De Greys prior to trading as Wildwood
Three storey property with a basement area providing a Total Gross Internal Floor Area of approximately 3,101 ft sq ( 288.06 m sq) on the ground floor
Further two floors providing a Total Gross Internal Floor Area of approximately 3,389 ft sq (314.82 m sq) providing restaurant seating, stores and welfare facilities
Suitable for a wide variety of retail or restaurant uses
Grade 2 Listed
Available by way of an assignment of the existing lease (alternatively consideration maybe given to the granting of a new lease)

Description
The property provides an iconic Grade 2 listed property that has until recently traded as Wildwoods and prior to that as the renowned De Greys of Ludlow. The property benefits from a double fronted glazed shop front and is arranged to provide accommodation over the three floors and basement area that has most recently been in use as a restaurant.

The property provides on the ground floor a Total Gross Internal Floor area of approximately 3,101 ft sq ( 288.06 m sq) arranged as restaurant seating, sales and a commercial kitchen. The basement area provides storage with a Total Gross Internal Floor Area of approximately 312 ft sq (28.98 m sq). The upper floors provide further restaurant seating and stores and welfare facilities with a Total Gross Internal Floor Area of approximately 3,389 ft sq (314.82 m sq).

An inspection of the property is recommended in order to fully appreciate all the characteristics of the property and its potential. The property would lend itself to a variety of restaurant and retail uses.

The property is of traditional timber framework and brickwork under a tiled roof cover.

Location
The property is prominently located fronting onto Broad Street in the town centre of the sought after town of Ludlow. The property is located close to the junction of Broad Street with High Street and Market Street and close to The Buttercross. The surrounding occupiers include Bodenhams, The Silver Pear and Fat Face.

Broad Street provides some on street car parking, subject to parking restrictions.

Terms
The property is to let by way of a new lease on Tenants Full Repairing and Insuring basis for a length of term by negotiation. Alternatively the property is for sale Freehold with vacant possession.

Alternatively consideration would be given to the letting on a new lease on terms to be agreed (subject to status).

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Halls - Commercial Property

Halls Holdings House, Bowmen Way, Battlefield Shrewsbury, Shropshire SY4 3DR

01743 534860

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Halls Commercial provides a range of specialist commercial property services to clients of all sizes across the UK. We have a comprehensive knowledge of our markets developed over many years operating in this sector. Our service is forward thinking, personal and professional, designed to achieve the best results for our clients whatever their requirements. Although we operate nationwide, we retain a particular emphasis on the Midlands. Agency Services Our commercial agency team are on hand to offer friendly advice and market appraisals, helping you buy and sell commercial property throughout Shropshire, Worcestershire, Mid Wales, the West Midlands and beyond. We advise investors and developers on selling and acquiring commercial property, while also assisting with the acquisition of new premises or disposing of unwanted space. From offices and retail to industrial and leisure-based properties, we can guide you through the sale of all types of commercial property. Offering advice at every stage, we will help you find the best route to market and give you advice on how to attract the right buyers. We can also give guidance on development land, whether owner occupied or held as an investment. With strong links to buyers, our skilled and knowledgeable team are on hand to advise from start to finish. This includes guidance on any works required prior to sale, including applications for planning consent, refurbishment programmes and tenant disputes. Management Services Offering a strategic approach, we always have your future needs in mind. Whether you’re an experienced landlord or a one-off investor, we understand that your priority is to increase the value of your investment while minimising void periods and building a strong tenant profile. Working closely with our in-house marketing and PR team, we have a comprehensive tenant vetting process to help minimise your risks. If you’re looking to expand your commercial property portfolio, we will take the time needed to gain a full understanding of your needs and match you with properties suited to your business requirements within your timescales. Professional Property Services Halls Commercial is a team of RICS Registered Valuers with professional indemnity insurance cover of £10 million. As you would expect we are on the valuation panels of most of the major banks including Barclays, Lloyds, Royal Bank of Scotland, HSBC, NatWest, Handelsbanken, and Clydesdale. Our experienced team of valuers operates in accordance with RICS Valuation Standards (Red Book), International Financial Reporting Standards (IFRS) and UK GAAP and alongside the years of experience across our Commercial team, our valuations are backed by the latest valuation and appraisal software.

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