INVESTMENT PROPERTY – Four storey property with ground floor income producing shop and planning consent for residential conversion to uppers

The property comprises of a four storey Grade 2 listed mid terraced property with a basement area. The property is of traditional brick construction under a tiled roof cover with a glazed shop front.

The ground floor shop unit is tenanted and income producing and trading as a charity shop(with the existing business unaffected). The shop unit has a Total Net sales area of approximately 979 ft sq (90 m sq).

The upper floors of the property comprise of three floors that benefit from planning consent for conversion into two residential flats under Planning Consent 23/02718/FUL and Listed Building Consent 23/02719/LBC. The planning consent provides for conversion to two apartments that will have the following Total Gross Internal Floor Areas:

Apartment 1 – 1,119 ft sq (104 m sq)

Apartment 2 – 1,496 ft sq (139 m sq)

The property provides the rare opportunity to acquire a property investment with significant development potential in the sought after town of Ludlow and the potential of the property can only be appreciated by undertaking an inspection of the property.