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£2,950,000

Units 1, 2 and 3, Units 1, 2 and 3, Sheet Road Industrial Estate, Ludlow, Shropshire SY8 1XF

  • Prominently located fronting onto the A49 Trunk Road on the edge of the sought after market town of Ludlow
  • Well let to amongst others Howdens Joinery Limited and Tool Station Limited
  • Rent £194,000 per annum
  • Average WAULT 6.4 years unexpired
  • Asset Management Potential with the property benefiting from an existing planning consent for a new unit of 1,500 sq ft (139.34 m sq)
  • Total Gross Internal Floor Area of 45,000 sq ft (4,180.23 m sq)

The property comprises of a detached multi let trade counter/commercial investment providing a Total Gross Internal Floor Area of approximately 45,070 ft sq(4,186.73 m sq) sitting on a Total Site Area 2.4 acres(0.97 hectares).
The property is arranged to provided three tenanted commercial units let to Howden Joinery Limited, Toolstation Limited, and Spencer Manufacturing Limited. The property is arranged so that it benefits from two access points off Orleton Road.
The property is of Steel portal framework clad in profile sheeting with brickwork to the base.
The main party of the property benefits from an eaves height of approximately 7.5 metres and the rest of the unit has an eaves height of approximately 3.5 metres. The property benefits from a variety of up and over doors with three roller shutter doors to Unit 1 (Spencer Manufacturing) and Units 2 and 3 (Toolstation and Howdens) have one roller shutter door each.
Unit 1(Spencer Manufacturing) comprises of warehouse/production area, offices, canteen and welfare facilities.
Units 2 and 3(Tool Station and Howdens) comprise of trade counter premises with offices and welfare facilities that were extensively fitted out by the tenant occupiers in Mid 2019.
The property also benefits from planning consent (Reference Number 19/02538/OUT) for the erection of a single storey unit of 1,500 ft sq (139.34 m sq). The planning consent is for Use Class A3 and A5. This offers further Asset Management opportunities.
The external site areas are generally concreted and the site benefits from a security fence round the boundaries of the site.
The Total Site Coverage is approximately 43%.
The property is prominently located on the eastern fringes of the sought after market town of Ludlow. It is located on the southern edge of Ludlow Business Park, fronting onto the A49 Trunk Road.

The property is located fronting onto the Sheet Road Roundabout, where the A49 and Sheet Road intersect. The A49 serves as the main trunk road linking the county town of Shrewsbury and the City of Hereford. Sheet Road also serves as one of the main access roads from the A49 into Ludlow Town Centre, with the property being located approximately 0.5 miles from the town centre, where all local amenities are available.

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