Bull Ring, Ludlow, Shropshire, SY8

This historic freehold property, spanning approximately 5,300 sqft, offers a unique investment opportunity in the heart of Ludlow. The ground floor retail space covers roughly 1,500 sqft and is complemented by two storeys of living accommodation above, totaling about 2,500 sqft. An additional courtyard building of around 1,300 sqft provides further potential for renovation or alternative uses. Currently, planning consent has been granted for the development of two luxury two-bedroom apartments on the upper levels, opening up possibilities for profitable residential leasing. The expansive ground floor may also accommodate various commercial ventures such as a café or wine bar, subject to relevant planning approvals. The property features a private courtyard and a cellar that could be transformed into appealing storage or additional retail space. The building retains its charming historical character with original features like wooden sash windows and exposed floorboards throughout. This creates a visually appealing backdrop for restoration or modernisation efforts. Given its Grade II listing status, any refurbishment will require careful consideration to preserve its architectural integrity while enhancing functionality and aesthetic appeal. With flexible entry points for both residential and retail components, there’s considerable scope for creative redevelopment that can yield substantial returns.