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1 Tower St 518 sq ft Retail Property Ludlow SY8 1RL £155,000 (£299.23/sq ft) 9.52% Net Initial Yield
Investment Highlights
- Return frontage to Tower Street and The Bullring
- Further storage, toilet and staffroom within lower ground floor
- Total Ground Floor Net Sales area approximately 518 ft sq (48.12 m sq)
- Suitable for a variety of commercial uses
Executive Summary
The subject property comprises of a lock up shop, arranged across the ground floor and basement. The shop unit forms part of a three-story end of terrace property which is of traditional construction and benefits from a return glazed frontage onto Bullring and Tower Street.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Size
518 sq ft
Costar Property Class
B
Year Built
1870
Price
£155,000
Price per sq ft
£299.23
Yield
9.52%
NOI
£14,756
Tenancy
Single
Number of Floors
3
Plot ratio
0.59
Total Plot Size
0.02 ac
Frontage
18 ft on Bull Ring
1 1
Nearby Major Retailers
1 of 6
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1 Tower St
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