56 Mill Street

  • Retail
LUDLOW, Shropshire
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  • Retail

56 Mill Street



The property is situated in Ludlow Town Centre fronting on to Mill Street. Ludlow is a popular established Market Town and administrative centre. The town is a very popular tourist centre. A Grade II mixed retail and residential investment situated in the popular market town of Ludlow, comprising of a shop unit with three flats. The property comprises of a three storey town centre property, which is currently subdivided to provide a ground floor lock up shop unit with basement, which was most recently trading as a hairdressers and beauticians. To the Upper Floor levels there are three residential flats. The property also benefits from a rear yard. The property is well presented and has been the subject of a comprehensive scheme of refurbishment and conversion works. The property is Grade II listed.Ground Floor Hairdressing Salon Salon 253 Sq. Ft. (23.52 Sq. M.) Lobby 24 Sq. Ft. (2.2 Sq. M) Lobby 27 Sq. Ft. (2.5 Sq. M.) Staff Room 28 Sq. Ft. (2.62 Sq. M.) Toilet Treatment Room No. 1 179 Sq. Ft. (16.67 Sq. M.) Treatment Room No. 2 82 Sq. Ft. (7.6 Sq. M.) Yard Basement (Hairdressing Salon) Residential Flats Ground Floor Entrance Lobby First Floor Landing Flat 1 Kitchen/Sitting Room/Bedroom: 6.9m x 4.4m (22’6 x 14’4) Shower room Flat 2 Reception Hallway Living Room/Kitchen: (max) 6.72m x 3.29m (22’1 x 10’10) Bedroom: 3.56m x 2.80m (11’8 x 9’2) Bathroom: 1.82m x 1.72m (6’0 x 5’8) Flat 3 Reception Hallway Living room/Kitchen: 5.00m x 3.36m (16’5 x 11’0) Bedroom 1: 3.87m x 3.26m (12’8 x 10’8) Bedroom 2: 3.40m x 2.64m (11’2 x 8’8) Bathroom: 2.12m x 1.70m (6’11 x 5’7)The Freehold interest in the property is to be sold subject to the following occupational tenancies: 1. Ground floor and basement - Subject to a Lease dated 16th of April 2009, a copy of which is available from the agents upon request. The lease is for a term of 9 years at a current rent of £11,952 (Eleven Thousand Nine Hundred and Fifty Two Pounds) per annum. The rent is paid quarterly in advance. The lease is granted on a Tenants Internal Repairing and Insuring Basis. There are Tenants Options To Determine the lease at three yearly intervals. The Lease is granted outside the Landlord and Tenants Act. 2. Flat 1 let on an Assured Short-hold Tenancy at a rent of £360 per calendar month. 3. Flat 2 let on an Assured Short-hold Tenancy at a rent of £400 per calendar month. 4. Flat 3 let on an Assured Short-hold Tenancy at a rent of £450 per calendar month.Shop: Rateable Value £4,100 Rates Payable £1,845

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