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£900,000Retail property (high street) for sale
Bodenhams, 1-2 Broad Street, Ludlow, SY8 1NG
Retail property (high street)
3495
Features and description
- Prominently located in Ludlow town centre at the junction of Broad Street, King Street and Market Street
- Large 3 storey listed retail premises with basement area
- Total Net Internal Floor Area 3,495ft sq (325 m sq)
- Iconic Timber framed property that has not been sold for numerous years
- Suitable for a variety of uses/subject to statutory consents viewing highly recommended
- Business available for purchase subject to separate negotiation
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.
Anti-money laundering (AML) checks
We are legally obligated to undertake anti-money laundering checks on all property purchasers. Whilst we are responsible for ensuring that these checks, and any ongoing monitoring, are conducted properly; the initial checks will be handled on our behalf by a specialist company, Movebutler, who will reach out to you once your offer has been accepted.
The charge for these checks is £30 (including VAT) per purchaser, which covers the necessary data collection and any manual checks or monitoring that may be required. This cost must be paid in advance, directly to Movebutler, before a memorandum of sale can be issued, and is non-refundable. We thank you for your cooperation.
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.
Anti-money laundering (AML) checks
We are legally obligated to undertake anti-money laundering checks on all property purchasers. Whilst we are responsible for ensuring that these checks, and any ongoing monitoring, are conducted properly; the initial checks will be handled on our behalf by a specialist company, Movebutler, who will reach out to you once your offer has been accepted.
The charge for these checks is £30 (including VAT) per purchaser, which covers the necessary data collection and any manual checks or monitoring that may be required. This cost must be paid in advance, directly to Movebutler, before a memorandum of sale can be issued, and is non-refundable. We thank you for your cooperation.
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.