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56 Mill St 1,153 sq ft 100% Let Retail Property Ludlow SY8 1BB £650,000 (£563.75/sq ft) 5.38% Net Initial Yield
EXECUTIVE SUMMARY
56 Mill Street is situated in the heart of historic Ludlow. Walk just a few yards and you reach Castle Square, renowned for its open air markets selling local produce and goods. Ludlow, one of England’s most sought-after Market Towns, is famed for its range of independent shops, cafes, and variety of pubs and restaurants. The nearby Assembly Rooms is a wonderful entertainment venue with live theatre, a cinema and many events throughout the year.
A Three Storey Grade II Listed building, an excellent investment opportunity with a potential income of just over £35,000 per annum. With Ground floor retail with basement and rear yard and three self-contained apartments.
A Three Storey Grade II Listed building, an excellent investment opportunity with a potential income of just over £35,000 per annum. With Ground floor retail with basement and rear yard and three self-contained apartments.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,153 sq ft
Costar Property Class
C
Year Built
1877
Price
£650,000
Price per sq ft
£563.75
Yield
5.38%
NOI
£35,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Frontage
24 ft on Mill Street
AMENITIES
- Courtyard
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NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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56 Mill St
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