Bull Ring, Ludlow SY8

Bull Ring, Ludlow SY8

Freehold

Guide price £228,000
Ludlow 0.2 miles
Railway Station 0.2 miles
Police Station 0.2 miles

FOR SALE BY ONLINE AUCTION - MAY 16th 3PM

HISTORIC BUILDING IN THE HEART OF LUDLOW

No. 1 The Bull Ring is a Grade II listed property dating from the early 18th Century set over three storeys plus an attic and cellar extending to circa 1500 sqft.

Internally, the property benefits from a number of charming features including exposed ceiling beams, trusses and a traditional timber staircase.

The property has recently undergone a series of renovation works to convert the upper floors into residential accommodation.

Ground Floor
This area is currently occupied by CW Sellors Fine Jewellers and benefits from traditional wooden flooring, exposed beams, shop fittings and an air conditioning unit.

The cellar and upper floors are accessed directly from the ground floor.

First & Second Floor
Both floors benefit from large sash windows which provide views onto The Bull Ring & King Street. There is a modern shower room suite and fitted kitchen. Exposed beams, stonework and timber floors are present throughout.

Attic
The Attic boasts exposed trusses, beams, brickwork, timber floor and benefits from a velux rooflight.

Cellar
The Cellar has a brick paved floor, whitewashed brick walls and houses the electricity meter and fuse box.

Method of Sale
This property is offered for sale via online auction to end on May 16th at 3pm. Cash buyers or pre-approved mortgages only.
Why buy at auction? Sub 1% fallthrough / 5 x quicker / Below market pricing
Please visit the Carter Jonas website and scroll to the bottom of the page and under ‘Property Services’ click ‘Property Auctions’ or copy and paste this link

https://www.carterjonas.co.uk/property-auctions?ba_url=%2Fproperty%2Fcommercial-premises-5574235

In order to bid first, register and verify your email.
Then, via the dashboard:
- pass an ID check
- enter your card details
- enter your solicitor details

Tenure & Possession
Freehold with vacant possession upon completion.

Fixtures & Fittings
Shop fittings & fixtures are subject to negotiation.

Planning
Planning consent was granted under reference (SS/1/05/16746/LB) for the conversion of the upper floors to provide a residential unit. Purchasers must make their own enquiries with the Local Authority.

Services
The Property is connected to mains water, drainage, electricity and gas.

Health & Safety
Please take care when viewing the property and be as vigilant as possible when making an inspection for your own personal safety.

EPC Ratings
Exempt due to Grade II listing status.

Local Authority
Shropshire Council, Shirehall, Abbey Foregate, SY2 6ND

Viewings
Viewing Day is arranged for Thursday 2nd May between 1-3pm. Please contact the selling agent to make your appointment

Directions
Travelling south into Ludlow on the B4361, take the right hand turn at the traffic lights onto King Street. The Property will be found 35m later on the right hand as The Bull Ring meets King Street

What 3 Words
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The next steps...

Before making an offer on a property you will want to consider your financial situation, your income and outgoings.

Will you finance the purchase of your next property from the sale of an existing property which can put you in a chain, arrange a mortgage through your bank or buy the property outright.
 
To help you finance your next property purchase, we have a long established relationship with an independent mortgage broker who can discuss your situation with you.

Remember that having a 'mortgage decision in principle' can make you a more attractive buyer when you make an offer on a property. Contact our mortgage advisers for free, no obligation and impartial advice.
 
Some advantages of a broker are:

  • They do all the legwork for you, working on your behalf with the lender
  • They compare wholesale mortgage rates from a large number of banks and lenders all at once
  • Wholesale interest rates can be lower than retail (bank branch) interest rates
  • You get more loan options because they work with numerous banks and lenders
  • Brokers can finance tricky deals because of their knowledge and various lending partners
  • Are typically easier to get in contact with, less bureaucratic.

However with your bank maybe able to:

  • Build off existing relationship (discounts if you have a checking/saving account)
  • You may already know the banker who will handle your mortgage
  • Perhaps more trustworthy, more accountable than a smaller shop
  • Lower interest rates in some cases
  • Ability to add mortgage to existing banking profile and make automatic payments from linked account.

When it comes to making an offer on a property a bit of negotiation is to be expected, however don't offer so little that you end up in a lengthy negotiation process, as you might lose the property altogether if someone else makes a higher bid.

If other offers have been made on a property we aren't legally able to tell you what they are, but we may indicate if they were close to the asking price.


We want to make the offer process as simple as possible and by registering with an account with Carter Jonas today, you can make offers on any of our properties online and at your convenience. Just register with us online and click the 'make an offer' button on any of our properties.

 

If you have a property to sell, why not see how we can help you. Did you know we can offer all our residential clients a login that will allow them to track their property sale online.

Our offices are also open longer during the week and weekends and we can take calls from potential buyers 24 hours a day 365 days a year.

We can even take the stress out of managing your rental, our award winning lettings team offer a service that can be tailored to your needs.

Combined with over 150 years of experience and one of the highest customer satisfaction scores in the industry, Carter Jonas is the perfect property partner.

Why not book a free, no obligation valuation of your property and find out how
Carter Jonas can help you make your next move.

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So if you want to be at the front of the property queue, ensure you are signed up to receive daily property alerts and gain instant access to your saved properties and frequent searches.

Also by registering with us online you will receive select research and relevant publications before anybody else and gain access to helpful guides, which will aid you with your property purchase.

Don't forget to use our innovative and unique property wizard to help you find properties you would may not have initially considered, and remember that by registering an account you can make an offer online on your dream home 24/7.

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Viewing a house or flat can be an exciting time, but remember to register with you local office of Carter Jonas first.

This could give you access to confidential sales (properties we are requested not to advertise) which you will never see online.

It's also worth registering with us online, here you can setup email alerts which will be sent daily, updating you on the latest properties that match your requirements.
 
When you see a property you are interested in on our website, call us 24/7 to arrange a viewing. Or if you prefer, get in touch via our website and we will call you back to find a time to view the property that suits you.

Key property details
Tenure
Freehold
Total sq ft
1,506 (139.9 Sq M) approx.
Carter Jonas reference
SYR240008
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