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56 Mill St 1,153 SF 100% Leased Retail Building Ludlow SY8 1BB $890,338 ($772.19/SF) 5.38% Cap Rate
Executive Summary
56 Mill Street is situated in the heart of historic Ludlow. Walk just a few yards and you reach Castle Square, renowned for its open air markets selling local produce and goods. Ludlow, one of England’s most sought-after Market Towns, is famed for its range of independent shops, cafes, and variety of pubs and restaurants. The nearby Assembly Rooms is a wonderful entertainment venue with live theatre, a cinema and many events throughout the year.
A Three Storey Grade II Listed building, an excellent investment opportunity with a potential income of just over £35,000 per annum. With Ground floor retail with basement and rear yard and three self-contained apartments.
A Three Storey Grade II Listed building, an excellent investment opportunity with a potential income of just over £35,000 per annum. With Ground floor retail with basement and rear yard and three self-contained apartments.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,153 SF
Building Class
C
Year Built
1877
Price
$890,338
Price Per SF
$772.19
Cap Rate
5.38%
NOI
$47,941
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Frontage
24’ on Mill Street
Amenities
- Courtyard
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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56 Mill St
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