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6 King Street, Ludlow, SY8 1AQ Mixed use for sale
6 King Street, Ludlow, SY8 1AQ
£695,000
6 King Street, Ludlow, SY8 1AQ
£695,000
Our Summary
- 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 upper floor levels provide a fantastic opportunity for residential conversion in this sought after town (subject to statutory consents)
- It backs onto Church Walk, providing separate access and added flexibility for mixed-use or conversion potential
- 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
- Offers invited around £695,000 (exclusive), presenting a compelling value-add investment opportunity in a sought-after market town
- Vacant upper floors with separate access from Church Walk, offering strong potential for residential conversion (subject to consents)
Description
The property is a mixed-use building in the heart of Ludlow, comprising a retail shop on the ground floor and three vacant floors above, which could be converted to residential use subject to planning permission. The ground floor shop is let to Crew Clothing Company Limited on a 4.2-year lease, generating a secure annual income of £30,000. The property is Grade II Listed and located in a Conservation Area, with a rear yard and separate entrance from Church Walk. The building is of traditional construction and has a part slate and part flat felt roof. The property offers a unique opportunity to acquire a prime mixed-use investment with potential for residential conversion, situated in the heart of Ludlow's historic town centre, surrounded by national retailers and local amenities.