The Bull Ring, Ludlow SY8
Freehold | 0.049 acres (0.049 hectares)
An exciting opportunity to acquire an attractive period property set within the historic heart of the charming market town of Ludlow. No. 6 & 7 The Bull Ring offers potential for both commercial and residential development opportunities (subject to necessary consents).
No. 6 & 7 The Bull Ring lies at the end of
the medieval market area which stretches
eastward from the entrance of Ludlow Castle.
The Property sits within the main shopping
area of Ludlow as well as one of the primary
vehicular through routes off Corve Street.
Heber Rickards established Rickards
at No. 6 & 7 The Bull Ring in 1864. It
has been a much loved hardware shop for
over 150 years serving the local community.
The Property is of nineteenth century
construction and extends to
3 storeys with a cellar. The shopfront
benefits from glazed double doors and
canted windows, elsewhere, the windows
are predominately wooden sashes and
leaded casements of Regency and Victorian
style. The Courtyard Building is located to
the rear of No. 6 & 7 and is connected by
way of an open courtyard.
NO. 6 & 7
No. 6 & 7 The Bull Ring is occupied as a
single retail enterprise. Rows of wooden
drawers run along the back walls with a
19th-century cash desk protected by a sliding
glass window in the centre. Beyond street
level, an open plan retail area overlooks The
Courtyard with a separate room utilised as
a kitchenette and WC. A further room is
occupied as an office and benefits from a
curved window overlooking The Courtyard.
The floorspace surrounding The Courtyard
includes one store and three further rooms,
one of which is presently utilised as an AGA
sales room. The Cellar is accessed directly
from No. 7 by way of a staircase.
FIRST FLOOR & SECOND FLOOR
The first floor is accessed by a staircase from
No. 7. On the first floor there are once elegant
rooms which served as the Rickards family
accommodation for over twenty years. The
original dining room has a well preserved
ceiling rose with a large feature window
overlooking Corve Street.
Above, on the second floor, the majority of
the rooms enjoy views onto Corve Street and
The Bull Ring, whilst the room to the rear
looks onto St Lawrence’s Church.
The wallpaper in the rooms suggests their
original use as bedrooms.
Both floors predominately feature exposed
wooden floorboards and benefit from
electrical light fittings.
The Courtyard Building is accessed from
The Courtyard through either No. 6&7,
or through a gateway to a side passage
leading onto Corve Street (B4361).
The Courtyard Building served as a rear
warehouse to Rickards & Son Ltd and is
typical of an early nineteenth century
Access is from a staircase off The
Courtyard which leads to the first floor
which has two rooms annotated as Store 4
& 5 on the floor plan.
The second floor is accessed from a wooden
staircase which leads into Store 6 & 7.
Access into the Attic is reached by way of a
steep wooden staircase. There is a fine view
looking across to The Readers House and
St Laurence’s Church.
The flooring throughout is predominately
exposed wooden floorboards and there are a
number of feature beams visible throughout.
FIXTURES & FITTINGS
The shop counter & drawers will remain.
The Property is connected to mains water
(metered), mains drainage (Severn Trent),
mains electricity (Western Power) and mains
gas. There is no central or storage heating.
The only form of heating derives from fan
heaters, the AGA (ran off mains gas) and a
gas fire in the office.
TENURE & POSSESSION
Freehold available on completion. Although
this sale is solely for The Property and not the
business, the vendor is willing to enter into
discussions should any purchaser be interested
in buying the retail arm of Rickards & Son Ltd.
£15,469 (2021-22) per annum. Currently subject
to Government grant reduction scheme.
Exempt due to Grade II listing status.
Shropshire Council, Shirehall,
Abbey Foregate, SY2 6ND
HEALTH & SAFETY
Please take care when viewing the property
and be as vigilant as possible when making
an inspection for your own personal safety.
WAYLEAVES EASEMENTS &
RIGHTS OF WAY
A right of way granted by conveyance allows for
access between No. 9/10 The Bull Ring and No.
7 The Bull Ring. The access passage is obtained
through a locked pedestrian gate off Corve Street
allowing for access into the side doors of No.7.
Grade II listed
PLANNING POTENTIAL FOR
A pre-application enquiry was undertaken
with Shropshire Council. The presented
proposal included the retention of the retail
floorspace on the ground floor, with storage
provision in the cellar. A complete renovation
could then allow for two apartments on
the first and second floors, both of which
provided two bedrooms with spacious living
accommodation. A further two-bedroom
apartment was proposed in The Courtyard
Building. The proposals received positive
feedback from Shropshire Council.
METHOD OF SALE
The Property is offered for sale by Private
Treaty at offers over £695,000
Viewings are strictly by appointment with
the selling agent. Interested parties are not
permitted to view the property without a prearranged
appointment with the selling agent. Under no circumstances should contact be made with Rickards' regarding viewing appointments.
Virtual video tour available upon request. Please email the agent for access.