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FOR SALE FOR SALE SUBSTANTIAL PROMINENTLY LOCATED SHOP UNIT SUBSTANTIAL DEVELOPMENT OPPORTUNITY

Additional description text would go here and here and here 9 Tower Street, Ludlow, Shropshire SY8 1RL

Price: On applicaiton

FOR SALE

SUBSTANTIAL DEVELOPMENT OPPORTUNITY

9 Tower Street, Ludlow, Shropshire SY8 1RL

DESCRIPTION

VAT

The property provides the opportunity to acquire an 'oven ready' development opportunity in the town centre of Ludlow under Planning Consent Reference Number 16/04032/FUL.

RATEABLE VALUE

The opportunity provides for 10 residential units and an office /retail unit. Plans relating to the opportunity are shown edged green on the attached plans. The property is prominently located as you approach the town centre from the south east along Lower Galdeford. The access points to the development are shown on the plans attached.

PLANNING

LOCATION The property is located fronting onto Tower Street, in the sought after area of the town of Ludlow. The property currently trades as One Stop incorporating the Post Office. The Ground Floor of the property is to be occupied by a restaurant or national retailer, leaving the opportunity to develop a small section of the ground floor and the upper floors as per planning reference number 16/04032/FUL. Ludlow is an established market town and tourist town located in south Shropshire with a population of circa 11,000 people. The town has nearly 500 Listed Buildings and was described by Sir John Bettemen as probably the loveliest town in England.

Not applicable.

All prices are exclusive of VAT. It is understood that the property is not elected for VAT.

TENURE

Planning and Listed Building consent has been obtained for the development under planning reference number 16/04032/FUL.

The property interest is offered for sale on the basis of an overriding 999 year lease at a peppercorn rent of £150 per annum, rising every 100 years by £50 per annum.

Purchasers will be expected to complete the purchase of the property under the terms of the existing planning consent. The property is located on the edge of Ludlow's Conservation Area.

EPC

A copy of the design, access and heritage statement relating to the proposed redevelopment of 9 Tower Street can be made available upon request from the vendors agents together with other information.

SERVICES

The preparation of Energy Performance Certification will form part of the development process undertaken by the successful parties.

(Not tested, prospective purchasers should make their own enquiries). It is understood that all services will be available subject to the normal connection charges.

SITUATION The property is situated fronting onto Tower Street in the Town Centre of Ludlow. Tower Street serves as one of the main retail streets in the town centre and all local amenities are within close proximity of the property. The surrounding occupiers are in mixed use, there is the towns main car park within close proximity of the property. The property is locate at the east end of Tower Street on the edge of Ludlow's Central Conservation Area.

DEMOGRAPHICS The town has a population of circa 11,000 and was voted in The Times recently as one of the loveliest towns to live in. The Town is a sought after established market and tourist town. Ludlow has a reputation for the quality of it's food and drink, with many excellent bars and restaurants encouraged by the areas abundance of quality producers. Every September the town is filled with food lovers from all over the UK and beyond for the annual Ludlow Food and Drink Festival.

HALLSGB.COM

01743 450 700

SUBSTANTIAL DEVELOPMENT OPPORTUNITY

FOR SALE

9 Tower Street, Ludlow, Shropshire SY8 1RL

ACCOMMODATION The development will consist of residential apartments to be accessed via a new doorway in the front elevation of the stone building. A staircase and a lift under the existing planning consent give access to a central atrium from which each apartment may be entered. The proposed Total Gross Internal Floor Areas of each floor level are as follows.

Floor

No.units

Sq m

Sq ft

Ground 2 422 4,541 First 4 394 4,239 Second 4 367 3,949 Third 2 292 3,142

Sub total

1,475

15,871

Total 1,475 15,871 Four apartments are to be created at first floor level each with two bedrooms and with floor areas between 52 and 89 square metres each. Four apartments are to be created at second floor level, each with two bedrooms and with floor areas between 52 and 89 square metres each. Two apartments are to be created at third floor level, each with two bedrooms and with floor areas between 95 and 100 square metres each. To the west of the main ground floor space of the retained property there will be the opportunity to convert and build a suite of offices and retail sales. The proposed scheme is detailed on the plans on these particulars.

LOCAL AUTHORITY Shropshire Council, Shirehall, Abbey Foregate, Shrewsbury, Shropshire SY2 6ND. Tel: 0345 678 9000

PRICE Offers are invited for the long leasehold interest of part of the ground, first, second and third floors of the property known as 9 Tower Street, Ludlow, Shropshire.

HALLSGB.COM

01743 450 700

FOR SALE

SUBSTANTIAL DEVELOPMENT OPPORTUNITY

9 Tower Street, Ludlow, Shropshire SY8 1RL

FURTHER INFORMATION Strictly by prior arrangement with the sole agent. For more information or to arrange a viewing please contact:

James Evans E: [email protected]

Rebecca Welch E: [email protected]

01743 450 700 IMPORTANTNOTICEHallshaveadvisedtheirclientsontheCodeofPracticeforCommercialLeasesinEnglandandWales. Halls,forthemselvesandforthevendorofthisproperty,orasthecasemaybe,lessorwhoseagenttheyare,givennoticethat: i) These particulars are intended for guidance only. They are prepared and issued in good faith and are intended to give a fair description but do not constitute part of an offer or contract. Any information given should not be relied on as a statement or representation of fact or that the property or its services are in good condition. ii) Halls have not made any investigations into theexistenceorotherwiseofanyissuesconcerningpollutionandpotentialland,airandwatercontamination.Thepurchaser isresponsibleformakinghisorherownenquiriesinthisregard.iii)NeitherHallsnoranyoftheiremployeeshasanyauthority

tomakeorgiveanyrepresentationorwarrantywhatsoeverinrelationtotheproperty.iv)Theimagesshowonlycertainparts andaspectsofthepropertyatthetimetheyweretaken/created.Anyareas,measurementsordistancesgivenareapproximate only. Any plans are for identification purposes only. v) Any reference to alterations to, or use of, any part of the property is not astatementthatanynecessaryplanning,buildingregulationsorotherconsenthasbeenobtained.Anintendingpurchaser must verify these matters. An occupier should not rely upon the Use stated in these particulars and should check their proposed use with the relevant Planning Authority.