Freehold Retail and Residential Redevelopment Opportunity
Attractive and Affluent Market Town
Substantial Three Storey Building
Potential for Residential Development (subject to consents)
50m West of The Guineas Shopping Centre
Nearby occupiers include B&M, Pizza Express, Boots, Domino's and Savers
Lot 25
Auction 2nd November 2023
Vacant Possession
Status Sold
Price £275,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
13 miles east of Cambridge, 30 miles north of Chelmsford
Roads
A11, M11, A14, A1
Rail
Newmarket Railway Station
Air
Stansted Airport
Situation
Newmarket is an affluent, attractive and historic Suffolk Market Town, internationally renowned for its strong connections with the horse racing industry. The property is located in a prominent corner position at the junction of St Mary's Square and Mill hill some 200 metres north of High Street, with The Guineas Shopping Centre 50 metres east of the property. Nearby occupiers include B&M, Pizza Express, Boots, Domino's and Savers.
Tenure
Freehold.
Location
Miles
13 miles east of Cambridge, 30 miles north of Chelmsford
Roads
A11, M11, A14, A1
Rail
Newmarket Railway Station
Air
Stansted Airport
Situation
Newmarket is an affluent, attractive and historic Suffolk Market Town, internationally renowned for its strong connections with the horse racing industry. The property is located in a prominent corner position at the junction of St Mary's Square and Mill hill some 200 metres north of High Street, with The Guineas Shopping Centre 50 metres east of the property. Nearby occupiers include B&M, Pizza Express, Boots, Domino's and Savers.
Tenure
Freehold.
Description
The property comprises a former ground floor shop with separately accessed former residential accommodation on the first and second floors. The property benefits from a rear garden which can be accessed via an undercroft passage. The property may be suitable for residential redevelopment subject to consents.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a former ground floor shop with separately accessed former residential accommodation on the first and second floors. The property benefits from a rear garden which can be accessed via an undercroft passage. The property may be suitable for residential redevelopment subject to consents.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Possession
Ground First Second
Retail Residential Residential
107.40 137.96 137.96
(1,156) (1,485) (1,485)
VACANT POSSESSION
Total Approximate Floor Area
383.32
(4,126)
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
