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MapOffers in region of
£695,000Mixed use for sale
6 King Street, Ludlow, SY8 1AQ
Mixed use
1152
Key information
Tenure: Freehold
Council tax: Ask agent
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Features and description
- Prime town-centre mixed-use property at 6 King Street, Ludlow, on a key retail pitch with strong footfall.
- Secure ground-floor income let to Crew Clothing Ltd, producing £30,000 per annum with approx. 4.2 years unexpired.
- Vacant upper floors with separate access from Church Walk, offering strong potential for residential conversion (subject to consents).
- Attractive Grade II listed building with rear yard, traditional construction and prominent double-fronted retail frontage.
- Offers invited around £695,000 (exclusive), presenting a compelling value-add investment opportunity in a sought-after market town.
Description
The premises comprise an attractive part four and part single storey property located in the town centre of Ludlow. The commercial part of the property trades as a tenanted retail shop on the ground floor. The upper three floors floor benefit from a separate entrance from Church Walk and provide vacant accommodation in a shell condition that would ideally lend themselves to conversion to residential accommodation, subject to statutory consents.
The premises benefit from a rear yard area accessed from Church Walk. The property is of traditional brick construction under a part slate and part flat felt roof cover. The ground floor of the property is well presented, and the shop unit benefits from a fully glazed double fronted shop front onto King Street. The property is Grade II Listed.
Investment Summary
The opportunity provides the possibility to acquire a prime mixed retail investment with vacant upper floors, located within the main retail street in the historic and sought after centre of the town of Ludlow. The surrounding occupiers include national retailers such as Greggs, Vaughan, Thorntons and Fenella.
1. The upper floor levels provide a fantastic opportunity for residential conversion in this sought after town (subject to statutory consents).
2. Further significant asset management opportunities are available in the future.
3. Secure rental income of £30,000 per annum.
4. The property is located in a prime retail pitch in the centre of the sought after town of Ludlow.
5. The ground floor of the property is let on a Tenants Full Internal Repairing and Insuring Lease (subject to a schedule of condition) for approximately a further 4.2 years to Crew Clothing Company Limited.
Location
Located at 6 King Street, Ludlow, Shropshire SY8 1AQ, the property occupies a prime position on one of the town’s main retail streets, offering strong visibility and footfall. It backs onto Church Walk, providing separate access and added flexibility for mixed-use or conversion potential. All town-centre amenities, shops and eateries are within easy reach, with a major public car park close by.
Key Location Highlights
• Strong local occupiers: Surrounding occupiers include Greggs, Vaughan,
Thorntons and Fenella.
• Town-centre location: King Street is a key retail thoroughfare with excellent
pedestrian flow and immediate access to local amenities.
• Strong transport links: Ludlow railway station is around a five-minute walk
away with regular services on the Welsh Marches Line.
• Convenient road access & parking: The town connects well via the A49 and
benefits from several public car parks and a Park and Ride service.
• Renowned food and cultural scene: Known for its historic charm, quality
restaurants, independent shops and popular markets.
With its central position, excellent connectivity and strong local economy, the property is ideally placed to deliver both reliable retail income and uplift
potential through future residential conversion.
Tenure
The ground floor of the property is freehold.
Services
(not tested at the time of our inspection.) We understand that all mains services are connected to the property. Prospective purchasers to make their own enquiries.
Planning
The property is understood to be Grade II Listed and located in a Conservation Area. The commercial section of the property is
understood to benefit from planning consent for E (Commercial, Business and Service) under The Town and Country Use Classes Order 1987.
The upper floors had previously benefitted from C3 (residential) consent, which has expired.
Local Authority
Shropshire Council
The Guildhall,
Frankwell Quay,
SY3 8HQ
The premises comprise an attractive part four and part single storey property located in the town centre of Ludlow. The commercial part of the property trades as a tenanted retail shop on the ground floor. The upper three floors floor benefit from a separate entrance from Church Walk and provide vacant accommodation in a shell condition that would ideally lend themselves to conversion to residential accommodation, subject to statutory consents.
The premises benefit from a rear yard area accessed from Church Walk. The property is of traditional brick construction under a part slate and part flat felt roof cover. The ground floor of the property is well presented, and the shop unit benefits from a fully glazed double fronted shop front onto King Street. The property is Grade II Listed.
Investment Summary
The opportunity provides the possibility to acquire a prime mixed retail investment with vacant upper floors, located within the main retail street in the historic and sought after centre of the town of Ludlow. The surrounding occupiers include national retailers such as Greggs, Vaughan, Thorntons and Fenella.
1. The upper floor levels provide a fantastic opportunity for residential conversion in this sought after town (subject to statutory consents).
2. Further significant asset management opportunities are available in the future.
3. Secure rental income of £30,000 per annum.
4. The property is located in a prime retail pitch in the centre of the sought after town of Ludlow.
5. The ground floor of the property is let on a Tenants Full Internal Repairing and Insuring Lease (subject to a schedule of condition) for approximately a further 4.2 years to Crew Clothing Company Limited.
Location
Located at 6 King Street, Ludlow, Shropshire SY8 1AQ, the property occupies a prime position on one of the town’s main retail streets, offering strong visibility and footfall. It backs onto Church Walk, providing separate access and added flexibility for mixed-use or conversion potential. All town-centre amenities, shops and eateries are within easy reach, with a major public car park close by.
Key Location Highlights
• Strong local occupiers: Surrounding occupiers include Greggs, Vaughan,
Thorntons and Fenella.
• Town-centre location: King Street is a key retail thoroughfare with excellent
pedestrian flow and immediate access to local amenities.
• Strong transport links: Ludlow railway station is around a five-minute walk
away with regular services on the Welsh Marches Line.
• Convenient road access & parking: The town connects well via the A49 and
benefits from several public car parks and a Park and Ride service.
• Renowned food and cultural scene: Known for its historic charm, quality
restaurants, independent shops and popular markets.
With its central position, excellent connectivity and strong local economy, the property is ideally placed to deliver both reliable retail income and uplift
potential through future residential conversion.
Tenure
The ground floor of the property is freehold.
Services
(not tested at the time of our inspection.) We understand that all mains services are connected to the property. Prospective purchasers to make their own enquiries.
Planning
The property is understood to be Grade II Listed and located in a Conservation Area. The commercial section of the property is
understood to benefit from planning consent for E (Commercial, Business and Service) under The Town and Country Use Classes Order 1987.
The upper floors had previously benefitted from C3 (residential) consent, which has expired.
Local Authority
Shropshire Council
The Guildhall,
Frankwell Quay,
SY3 8HQ
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.