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High Street Retail Unit , 6-7 Bull Ring, Ludlow, SY8 1AE

5,285 Sq Ft / Retail / General Retail

For Sale - £595,000.00

Available - Last updated: 23 October 2024

An exciting opportunity to acquire an attractive period property set within the charming historic heart of Ludlow with planning consent for two apartments.

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

Heber Richards established Rickards at no. 6 and 7 The Bull Ring in 1864. It has been a hardware shop for over 150 years.

The property is of nineteenth century construction and extends to three storeys with a cellar.

The Courtyard Building is located to the rear of No.6 and 7 and is connected by way of an open courtyard.

( Agency Pilot Software ref: 20012364 )

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.

Accommodation

Main House: 370 sqm (3982 sqft )

Courtyard: 121 sqm (1302 sqft )

Total: 491 sqm ( 5285 sqft )

Terms

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.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £595,000.00 NA

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Sue Elms

Carter Jonas LLP

01865 575304



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