Description

The property comprises a two storey retail property, constructed in the 1980s and provides a glazed frontage to the ground floor with a loading area to the rear with two goods lifts providing access to the first floor.

Internally, the premises provides retail accommodation to ground floor, staff toilets, offices, kitchen and storage accommodation inclusive of walk-in chillers and freezers on the first floor level.

Externally, the unit benefits from a concrete surfaced loading area with staff parking.

Location

The property occupies a prominent main road frontage onto Upper Galdeford in the heart of Ludlow town centre. Surrounding occupiers include a mixture of national and local traders including Lloyds Pharmacy and Coral Bookmakers. To the rear of the property is a circa 200 space public pay and display car park the Feathers Hotel and Library.

Ludlow is a thriving medieval market tow, the largest in Shropshire. It provides a resident population of circa 11,000 and is located 36 miles west of Birmingham, 25 miles north west of Worcester and 25 miles north of Hereford.

Legal

The Money Laundering Regulations 2017 place a legal obligation on the agents to identify a proposed purchaser once the sale has been agreed and prior to instructing solicitors. Confirmation of the source of the purchaser’s funds will also be required.

Use Class

A1

Viewing

Strictly by appointment.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Rent

£ pa

Service Charge

Nil.

Lease Term

Available by way of a new effective FR&I lease at a rent of £35,000 per annum exclusive. (Including main unit and additional room.) Service charge and insurance will be payable in addition.

Energy Performance Certificate

C

Tenure

Freehold / Leasehold

Lease Type

New Lease