1 The Bull Ring SY8

1,506 sq ft (139.9 sq m)

FOR SALE BY UNCONDITIONAL AUCTION MARCH 27th 2025
Historic building set within the heart of Ludlow set over three storeys plus an attic and cellar.

The property comprises of traditional brick construction with sash windows and a glazed shop frontage. 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.

All interested parties to register via the remote bidding form;
https://www.sdlauctions.co.uk/remote-telephone-proxy-bidding/

Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms.

Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:

5% deposit (subject to a minimum of £5,000)

Buyers Fee of 3.6% of the purchase price (subject to a minimum of £6,000 inc. VAT).

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Key Features

• 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.

Location

No. 6 & 7 The Bull Ring lies at the end of the medieval market area which stretches eastward from the entrance of Ludlow Castle.

The Property sits within the main shopping area of Ludlow as well as one of the primary vehicular through routes off Corve Street.

Terms & Conditions

Freehold with vacant possession upon completion. There is also an opportunity for the purchaser to let the building to CW Sellors Fine Jewellers.