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Offers in Excess of £395,000Freehold

5 Old Street, Ludlow, Shropshire SY8 1NW

  • Prominent Grade 2 listed property located fronting onto Old Street, Ludlow
  • Provides an attractive investment/development opportunity
  • Total Net Sales Area of approximately 484 sq ft
  • Significant development potential, subject to statutory consents
  • freehold

The property provides a part three and part two storey mid terraced property with a large garden area.
It is currently arranged to provide on the ground floor at the front of the property a retail shop with a Total Net Sales Area of approximately 484 sq ft (44.96 m sq) with ancillary accommodation on the ground floor and the upper two floors providing offices, welfare facilities and rooms at second floor level.
The upper floors would lend themselves to residential conversion, subject to the receipt of any statutory consents. This is assisted by the fact that the property benefits from a separate access from Old Street to that serving the shop unit.
At the rear, the property also benefits from a two storey structure which is currently in need of refurbishment. This part of the property lends itself to residential conversion, subject to the receipt of statutory consents.
At the rear is a large garden area.
The sale of this property offers the rare opportunity to acquire a substantial property with significant development and investment potential.
The property is of traditional construction being of part brick and part stonework under a slate roof cover. There are outbuildings attached to the property structure.
The potential of the property can only be appreciated by undertaking an inspection of the property.

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