This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
5-6 Broad St
6,490 SF of Assignment Available in Ludlow SY8 1NG
Assignment Highlights
- Prominently located in the town centre of the sought after town of Ludlow
- Three storey property with a basement area providing a Total Gross Internal Floor Area of approximately 3,101 ft sq ( 288.06 m sq) on the ground floor
- Former restaurant premises that is Iconic in the town of Ludlow known as De Greys prior to trading as Wildwood
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 6,490 SF | May 2039 | $12.80 /SF/YR $1.07 /SF/MO $137.78 /m²/YR $11.48 /m²/MO $6,923 /MO $83,072 /YR | Fully Repairing & Insuring |
Ground
The property is offered to let by way of an assignment of the existing lease which is for a term of 25 years from 21st May 2014 . The lease is granted on Tenants Full Repairing and Insuring Terms, subject to a schedule of condition. There are rent reviews at 5 yearly intervals with the next rent review due with effect from 21st May 2024. There is a Tenants Option to determine with effect from 21st May 2029. The current rent passing is £ 65,125 per annum. Alternatively consideration would be given to the letting on a new lease on terms to be agreed (subject to status).
- Use Class: E
- Assignment space available from current tenant
- Partially Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Energy Performance Rating - B
- Grade 2 Listed
- Suitable for wide variety of retail or restaurant
- Strage space
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
PROPERTY FACTS FOR 5-6 Broad St , Ludlow, SHR SY8 1NG
| Property Type | Retail | Gross Leasable Area | 6,802 SF |
| Property Subtype | Restaurant | Year Built | 1890 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 6,802 SF |
| Year Built | 1890 |
About the Property
Description The property provides an iconic Grade 2 listed property that has until recently traded as Wildwoods and prior to that as the renowned De Greys of Ludlow. The property benefits from a double fronted glazed shop front and is arranged to provide accommodation over the three floors and basement area that has most recently been in use as a restaurant. The property provides on the ground floor a Total Gross Internal Floor area of approximately 3,101 ft sq ( 288.06 m sq) arranged as restaurant seating, sales and a commercial kitchen. The basement area provides storage with a Total Gross Internal Floor Area of approximately 312 ft sq (28.98 m sq). The upper floors provide further restaurant seating and stores and welfare facilities with a Total Gross Internal Floor Area of approximately 3,389 ft sq (314.82 m sq). An inspection of the property is recommended in order to fully appreciate all the characteristics of the property and its potential. The property would lend itself to a variety of restaurant and retail uses.
- Energy Performance Rating - B
-
James Evans -
Halls Holding Ltd
Learn More About Leasing Retail Properties
Presented by
5-6 Broad St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.