The property is located in Ludlow Town Centre fronting onto Church Street adjacent to the Castle Square. The property is located within proximity of a variety of occupiers including White Stuff, Pizza Express, WHSmiths and is in proximity to the Castle.
Ludlow is an historic town in Shropshire and is an established tourist centre which benefits from over 500 listed buildings.
The town had a population of 10,266 at the 2011 Census. It is located 28 miles south of the county town of Shrewsbury and 23 miles north of the City of Hereford.
The town benefits from proximity to the A49 Road (Main Shrewsbury to Hereford Road) and stands on the Newport to Manchester railway line. The A4117 and A456 lead to the M5/M6 motorway network and Birmingham. The town is located at the junction of the Rivers Corve and Teme.
The property comprises of mid terraced three storey property with a basement. The property is trading as a restaurant with upper floors and is Grade Two Listed.
The property provides a Total Sales Area of 467 ft sq (43.42 m sq) and ancillary accommodation on the ground floor. There are toilets and stores on the first floor and further stores on the second floor and a basement area.
The property benefits from an outside seating area onto Quality Square.
A prominently located commercial investment in the sought after market town of Ludlow * Showing a Net Initial Yield of 6.15% after allowing for purchasers costs (rising to 6.3%) * Unexpired lease term of approximately 10 years