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Estate Agents | Valuers | Auctioneers | Surveyors | Commercial | Letting AgentsThe Old Bake House, Quality Square, Ludlow - Price: £565,000 (Exclusive) Region
| Property Type: | Investment | REF. No: | |||||
| Property Address: | The Old Bake House, Quality Square, Ludlow, Shropshire, SY8 1AR | ||||||
- Mixed Commercial / Residential Investment
- Within the Sought after South Shropshire town of Ludlow
- (Existing business is UNAFFECTED)
This property occupies a keystone position within the attractive cobbled environment of Quality Square, itself positioned off the prime retail location of Castle Square. Adjacent to the Courtyard Restaurant, You Too Hair Salon, Silk Top Hat Gallery and Country Casuals, the building offers easy access to the town’s central car park. Built of Ludlow Brick, the Grade II Listed Building has enjoyed a variety of Uses over the past 200 years, but was subject to extensive and sympathetic refurbishment in 1995, to provide a contemporary 2-storey café /wine bar with full on/off licence and a large 1-bedroom flat above (with separate rear access).
Ludlow is a picturesque and historic market town set in the County of Shropshire situated approximately 23 miles north of Hereford, 28 miles south of Shrewsbury and 49 miles west of Birmingham with direct rail links to Cardiff and Manchester. The largest town in South Shropshire, it has a population of 10,500 people and a significantly greater catchment population of approximately 40,500 within 10 miles of the town. Wealthy achievers account for 61.5% of the population, compared with a national average of 25%.
An established tourist centre, Ludlow was described by John Betjeman as “the perfect historic town” and an architectural gem with over 500 Listed Buildings, it also now enjoys a new founded reputation for its gastronomy with a number of Michelin Star Restaurants in the Town, a renowned annual Food Festival and was named Britain’s first Cittaslow town, an international slow food movement.
Currently trading as Ego Café Bar the premises are arranged to provide a sales area of approximately 600ft² (55.74m²) with disabled/staff toilet, kitchen and stores on the ground floor. On the first floor there is further seating area of approximately 194ft² (18.02m²) and customer toilet facilities. The maisonette/flat provides self-contained attractive 1-bedroom accommodation with en suite bathroom and separate shower room, ample storage and a roof terrace with far reaching views.
The existing business is unaffected by the sale of the property.
Contact Office(s)
| Commercial |
Tel. 01743 272720 | Fax. 01743 271167 | Email Enquiry |
Rent
Offers in the region of £565,000 (five hundred and sixty five thousand pounds) are sought for the Freehold Interest in the property, subject to the existing occupational tenancy.
VAT
All prices and figures quoted in these particulars are exclusive of VAT.
Local Authority
Shropshire Council
The Shirehall
Abbey Foregate
Shrewsbury
Shropshire SY2 6ND
Telephone 0345 678 9000
It is understood that the property is Grade II Listed and situated in a Conservation Area.
Prospective purchasers should make their own enquiries to the Local Planning Authority. However, it is understood that the property benefits from a Valuable A3 Planning Consent and benefits from a Full on License relating to its existing use.
Rates
Verbal Enquiries were made to the Local Charging Authority and we were advised as follows. However, we are unable to provide assurances regarding these figures and prospective purchasers are advised to make their own enquiries.
Rateable Value: £12,500
Council Tax Band: A
Tenure
The Freehold Interest in the property is to be sold subject to the existing occupational lease dated 12 December 2002 between Guy Harridge Crawley and Graham Willson-Lloyd Limited (subject to a personal surety from Graham Willson-Lloyd). The lease is granted for a term of 10 years commencing on 12 December 2002. The Lease is granted on Tenant Full Repairing and Insuring terms. The current rent passing is £30,500 (thirty thousand and five hundred pounds) per annum. A copy of the lease documentation is available from the selling agents, upon request.
The existing business is unaffected by the sale of the property.