MapRetail property (high street) to rent
1 Tower Street, Ludlow, SY8 1RL
Retail property (high street)
518 sq ft / 48 sq m
Features and description
- Return frontage to Tower Street and The Bullring
- Total Ground Floor Net Sales area approximately 518 ft sq (48.12 m sq)
- Further storage, toilet and staffroom within lower ground floor
- Suitable for a variety of commercial uses
Description
The property comprises of a prominently located lock up shop unit that is arranged over the ground and lower ground floor and forms part of a three storey property of traditional construction.
The property benefits from a return glazed shop frontage onto The Bullring and Tower Street.
The property would lend itself to a variety of retail uses.
The property is currently arranged to provide a Total Ground Floor Sales Area of approximately 518 ft sq (48.12 m sq) and a lower ground floor area that provides storage, wc and a staffroom area with a Total Floor Area of approximately 343 ft sq (31.86 m sq).
Location
The property is prominently located at the junction of The Bullring and Tower Street in the centre of the sought after town of Ludlow. The property is located in the established prime retail location within the town centre with surrounding occupiers including Specsavers, Joules and Strutt and Parker.
Ludlow is an established market town and is the administrative centre serving South Shropshire. The town has all local amenities and benefits from being an established tourist centre.
Ludlow has a population of circa 11,000, and is located approximately 34 miles from Shrewsbury and approximately 24 miles from Hereford.
Terms
The property is held under Title Number SL132749 and is to be sold on 999 year lease from 21/12/1999 with vacant possession.
Alternatively the property is to let on a Tenants Full Repairing and Insuring Lease for a length of term by negotiation with rent reviews at 3 yearly intervals.
Planning
Interested parties should make their own enquiries.
The property is understood to benefit from planning for retail use falling within Use Class E. The property is Grade II Listed.
The property would lend itself to a variety of commercial uses, subject to any statutory consents.
Services
(Not tested at the time of our inspection.)
We understand that mains water drainage and electricity are connected to the property.
Tenure
The property is held under Title Number SL132749 and is to be sold on 999 year lease from 21/12/1999 with vacant possession.
Alternatively the property is to let on a Tenants Full Repairing and Insuring Lease for a length of term by negotiation with rent reviews at 3 yearly intervals.
The property comprises of a prominently located lock up shop unit that is arranged over the ground and lower ground floor and forms part of a three storey property of traditional construction.
The property benefits from a return glazed shop frontage onto The Bullring and Tower Street.
The property would lend itself to a variety of retail uses.
The property is currently arranged to provide a Total Ground Floor Sales Area of approximately 518 ft sq (48.12 m sq) and a lower ground floor area that provides storage, wc and a staffroom area with a Total Floor Area of approximately 343 ft sq (31.86 m sq).
Location
The property is prominently located at the junction of The Bullring and Tower Street in the centre of the sought after town of Ludlow. The property is located in the established prime retail location within the town centre with surrounding occupiers including Specsavers, Joules and Strutt and Parker.
Ludlow is an established market town and is the administrative centre serving South Shropshire. The town has all local amenities and benefits from being an established tourist centre.
Ludlow has a population of circa 11,000, and is located approximately 34 miles from Shrewsbury and approximately 24 miles from Hereford.
Terms
The property is held under Title Number SL132749 and is to be sold on 999 year lease from 21/12/1999 with vacant possession.
Alternatively the property is to let on a Tenants Full Repairing and Insuring Lease for a length of term by negotiation with rent reviews at 3 yearly intervals.
Planning
Interested parties should make their own enquiries.
The property is understood to benefit from planning for retail use falling within Use Class E. The property is Grade II Listed.
The property would lend itself to a variety of commercial uses, subject to any statutory consents.
Services
(Not tested at the time of our inspection.)
We understand that mains water drainage and electricity are connected to the property.
Tenure
The property is held under Title Number SL132749 and is to be sold on 999 year lease from 21/12/1999 with vacant possession.
Alternatively the property is to let on a Tenants Full Repairing and Insuring Lease for a length of term by negotiation with rent reviews at 3 yearly intervals.
Property information from this agent
About this agent
Halls - Commercial Property
Halls Holdings House, Bowmen Way, Battlefield
Shrewsbury, Shropshire
SY4 3DR
01743 534860Halls 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.