MapProperty for sale
1 Tower Street, Ludlow, SY8 1RL
Property
518
Features and description
- Prominently located shop premises in the town centre of Ludlow
- Fully glazed shop frontage
- Stepped annual rent increasing each year
- Of interest to property investors
- Existing business unaffected
Description
The subject property comprises of a lock up shop, arranged across the ground floor and basement. The shop unit forms part of a three-story end of terrace property which is of traditional construction and benefits from a return glazed frontage onto Bullring and Tower Street.
The ground floor provides a Total Ground floor Sales Area of approximately 518 sq ft (48.12 m sq) and a lower ground floor area with a Total Floor Area of approximately 343 ft sq (31.86 m sq).
The property is held under the ownership of Leasehold Title Number SL132749. The sale of the property offers the opportunity to acquire an income producing commercial investment in the sought after town of Ludlow.
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, Penny Plain, Joules and Boots.
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 may be acquired as a TOGC (Transfer of a going concern) further details available from the selling agents upon request.
Tenure
The property is offered for sale on a long leasehold basis held under the Title Number SL132749, for 999 years from the 21.12.1999.
The property is for sale, subject to the following occupational tenancy:
Lease Dated 8th October 2025 on Tenants Internal Repairing and Insuring including the maintenance of the shop front, for a term of 4 years. The rent is stepped as follows:
Year 1: £4,800 (Four Thousand Eight Hundred Pounds)
Year 2: £7,200 (Severn Thousand Two Hundred Pounds)
Year 3: £12,000 (Twelve Thousand Pounds)
Year 4: £15,000 (Fifteen Thousand Pounds)
Agent Note: The rent is set at £15,000 from day one, with the owner personally topping up the difference to ensure this full amount is achieved from the start.
Services
(not tested at the effective the time of our inspection)
The property is understood to benefit from mains water, drainage, gas and electricity.
Planning
Interested parties should make their own enquiries. The property is understood to benefit from planning for retail use falling within Use Class E of the Town and Country Use Classes Order.
The property is Grade II Listed.
Local Authority
Shropshire Council
The Guildhall
Frankwell Quay,
Shrewsbury
SY3 8HQ
Anti-money laundering (AML)
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 subject property comprises of a lock up shop, arranged across the ground floor and basement. The shop unit forms part of a three-story end of terrace property which is of traditional construction and benefits from a return glazed frontage onto Bullring and Tower Street.
The ground floor provides a Total Ground floor Sales Area of approximately 518 sq ft (48.12 m sq) and a lower ground floor area with a Total Floor Area of approximately 343 ft sq (31.86 m sq).
The property is held under the ownership of Leasehold Title Number SL132749. The sale of the property offers the opportunity to acquire an income producing commercial investment in the sought after town of Ludlow.
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, Penny Plain, Joules and Boots.
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 may be acquired as a TOGC (Transfer of a going concern) further details available from the selling agents upon request.
Tenure
The property is offered for sale on a long leasehold basis held under the Title Number SL132749, for 999 years from the 21.12.1999.
The property is for sale, subject to the following occupational tenancy:
Lease Dated 8th October 2025 on Tenants Internal Repairing and Insuring including the maintenance of the shop front, for a term of 4 years. The rent is stepped as follows:
Year 1: £4,800 (Four Thousand Eight Hundred Pounds)
Year 2: £7,200 (Severn Thousand Two Hundred Pounds)
Year 3: £12,000 (Twelve Thousand Pounds)
Year 4: £15,000 (Fifteen Thousand Pounds)
Agent Note: The rent is set at £15,000 from day one, with the owner personally topping up the difference to ensure this full amount is achieved from the start.
Services
(not tested at the effective the time of our inspection)
The property is understood to benefit from mains water, drainage, gas and electricity.
Planning
Interested parties should make their own enquiries. The property is understood to benefit from planning for retail use falling within Use Class E of the Town and Country Use Classes Order.
The property is Grade II Listed.
Local Authority
Shropshire Council
The Guildhall
Frankwell Quay,
Shrewsbury
SY3 8HQ
Anti-money laundering (AML)
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.