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Property for sale
Bull Ring, Ludlow, Shropshire, SY8
£575,000
Bull Ring, Ludlow, Shropshire, SY8
£575,000
Our Summary
- Exciting opportunity to acquire a charming property within the historic heart of Ludlow, with planning consent for two 2bed luxury apartments on the upper floors, plus huge potential for a range of uses on the shop floor (subject to planning) including a coffee shop, wine bar
- LISTING STATUSGrade II listedDEVELOPMENT POTENTIALThe benefit of the property is that the upper floors and the courtyard building both have an independent access and are not reliant on access through the retail frontage
- Planning and Listed Building consent has been granted by Shropshire Council for the development of the first and second floors to provide 2 x 2 bedroom apartments with spacious kitchen diner and separate lounge
- In addition, there is further scope for the development of The Courtyard Building (subject to obtaining the necessary consents)VIEWINGS Viewings are strictly by appointment with the selling agent
Description
This historic freehold property in Ludlow's historic heart totals 5,300 sqft, comprising a ground floor retail space, two storeys of accommodation, a courtyard building, private courtyard, and cellar. The property has planning consent to convert the upper floors into two 2-bedroom luxury apartments, and has huge potential for various uses on the shop floor, subject to planning. The property is being sold as a whole for £575,000 or in two lots: the commercial shop and cellar for £225,000, and the first and second floors, courtyard building, and private courtyard for £350,000. The property features a mix of original and modern features, including wooden sash windows, exposed wooden floorboards, and a 19th-century cash desk. With its prime location in the heart of Ludlow, this property offers a unique opportunity for a buyer to restore and develop a charming historic property.