This historic freehold property presents a unique opportunity for renovation and investment in the heart of Ludlow, spanning a total of 5,300 square feet. The layout includes approximately 1,500 square feet of retail space on the ground floor, two levels of residential accommodation totaling around 2,500 square feet, along with a charming courtyard building comprising roughly 1,300 square feet and a cellar.
Located at the edge of Ludlow's medieval market area, the property enjoys significant foot traffic and visibility as part of the main shopping district. Its prime position near Ludlow Castle offers both local charm and potential tourist appeal.
Originally constructed in the 19th century, this three-storey building retains many period features such as wooden sash windows and leaded casements that reflect its architectural heritage. The ground floor previously operated as a single retail unit with character-rich elements including wooden drawers along the back walls and a vintage cash desk. The open-plan retail area provides views into the private courtyard—a peaceful space that could be enhanced further or utilized for various purposes.
The upper floors were once family accommodations for the Rickards family, featuring spacious rooms with elegant details like an ornately designed ceiling rose and large windows that provide views over Corve Street. These levels present considerable potential for transformation into two luxury apartments—an opportunity that comes complete with existing planning consent from Shropshire Council. Each apartment can be tailored to include modern amenities while preserving original charm.
Access to these upper floors is available via an independent side entrance or through the retail space itself. This flexibility adds to the property's appeal for both residential development and commercial use. The adjacent courtyard building serves as an additional resource; originally functioning as storage for Rickards & Son Ltd., it could also be reimagined for various uses or further developed pending necessary approvals.
The property is well-equipped with essential services including mains water, drainage, electricity, and gas connections. However, future updates could enhance its heating system to accommodate modern standards.
Given its Grade II listing status and development potential—including plans for apartment conversion and possible further development of the courtyard building—this property represents an attractive investment opportunity. Whether you are looking to preserve a piece of local history or capitalize on its renovation potential, this property offers multiple avenues for future development while maintaining its historic significance within Ludlow's vibrant community.
