Retail premises for sale

Key Points

Description

The property comprises of an iconic substantial attached three storey retail premises with a basement area . The property is Grade 2 listed and has a wealth of features internally and externally dating back to the early 15th century. A viewing is highly recommended to appreciate the character, size and the potential of the property. The property has been in the same family ownership from numerous years and has received numerous national publicity and is seen as a property that is Iconic to the town of Ludlow.

The property is arranged to provide a Total Net Internal Floor area within the three storeys of 3,495 ft sq (325 m sq) with a basement area. The property is internally arranged on the ground and first floor to provide a variety of areas that are used for retail sales and ancillary accommodation including welfare facilities that benefit from a wealthy of features and outstanding timber framework. The second floor is arranged as stores and ancillary accommodation. The property benefits from a generously sized basement area.

The property has a return shop frontage onto Broad Street and King Street and is constructed of timber framework with infill panels and a glazed shop front under a tiled roof cover. There is access from the passageway held in the property ownership from Broad Street to a further basement area. This passageway is subject to a emergency right of way in favour of a property in third party ownership, further details are available from the selling agents upon request.

The property due to its location size and configuration has potential for a variety of alternative uses, subject to any statutory consents.

The property is currently trading as the highly respected and well renowned business called Bodenhams and the purchase of the business is available by separate negotiation further details are available from the selling agents upon request.

Location

The property is prominently located in the sought after town of Ludlow. The property is located at the junction of Broad Street, King Street and Market Street. The property benefits from a return shop frontage onto King Street and Broad Street. The property is located in the prime retail location within the retail hierarchy serving Ludlow town centre.

The surrounding occupiers include Holland and Barrett, Fat Face, Silver Pear and wh Smith.

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.

Terms

The property is available for sale freehold.

The property is subject to an emergency right of access in favour of a property held in third party ownership over the external passageway from Broad Street. Further information is available from the selling agents upon request.

Due to the fact that the property is currently a trading business it is proposed that any sale of the property is progressed via the following mechanism;

Exchange of contracts as soon as possible with completion being 6 months from the date of exchange of contracts. Further details are available from the selling agents upon request.

Planning

Prospective tenants should make their own enquiries.

The property is understood to benefit from Use Class E of the Town and Country Planning Act.

The property is understood to be Grade 2 Listed.

The property could lend itself to a variety of alternative uses, subject to any statutory consents.

Services

(not tested)
Mains water, electricity and drainage are understood to be connected to the property.

Data Room

There is available upon request from the selling agents a data room relating to the property and also relating to the business. Prospective purchasers should note that access to the dataroom for the business will only be provided upon signing of an nda that is available from the selling agents for signing upon request.