74/76 High Street Newmarket Suffolk CB8 8JX

74/76 High Street
Newmarket
Suffolk
CB8 8JX

Freehold Retail Investment with Development Potential

Two adjoining Shops Let to EE and Vodafone plus vacant self contained upper floors
EE let until June 2029 (subject to option)
Vodafone let until January 2029 (subject to option)
Change of use potential of the upper floors subject to consents
Nearby occupiers include Boots, Pizza Express, Tesco Express, Starbucks, Caffe Nero and TK Maxx

Lot
11
Auction
15th May 2025
Rent
£55,850 per Annum Exclusive
Plus vacant upper floors
Status
Available
Guide*
£625,000
Auction Venue
Live Streamed Auction
Octopus Bridging Loan for Buyers

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Freehold Retail Investment with Development Potential

Two adjoining Shops Let to EE and Vodafone plus vacant self contained upper floors
EE let until June 2029 (subject to option)
Vodafone let until January 2029 (subject to option)
Change of use potential of the upper floors subject to consents
Nearby occupiers include Boots, Pizza Express, Tesco Express, Starbucks, Caffe Nero and TK Maxx

Lot 11
Auction 15th May 2025
Rent £55,850 per Annum Exclusive Plus vacant upper floors
Status Available
Guide* £625,000
Sector
High Street Retail, Development
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 13 miles east of Cambridge, 30 miles north of Chelmsford
Roads: A11, A14, M1, M11
Rail: Newmarket Railway Station
Air: London Stansted Airport

Situation

Newmarket is an affluent and historic Suffolk market town, internationally renowned for its strong connections with the horse racing industry being the home of the Jockey Club. The property is situated on the north side of the busy High Street, close to the Guineas Shopping Centre. Nearby occupiers include Boots, Pizza Express, Tesco Express, Starbucks, Caffe Nero and TK Maxx.

Tenure

Freehold.

Location

Miles: 13 miles east of Cambridge, 30 miles north of Chelmsford
Roads: A11, A14, M1, M11
Rail: Newmarket Railway Station
Air: London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises two adjoining shops together with self contained and separately accessed office accommodation on the upper two floors. The upper floors may be suitable for change of use subject to the necessary consents.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Address	Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
74 High Street	Ground Basement	Retail Ancillary	86.70 68.20	(933) (734)	EE LIMITED (1)	5 years from 24/06/2024 (2)	£33,500
76 High Street	Ground	Retail	61.49	(661)	VODAFONE LIMITED (3)	5 years from 01/02/2024 (4)	£22,350
74-76 High Street	First Second	Office Office	122.00 68.40	(1,313) (736)	VACANT	-	-
Total			406.79	(4,377) (5)			£55,850

(1) For the year ending 31/03/2024 EE limited reported a Turnover of £7,169,000,000, a Pre-Tax Profit of £1,405,000,000 and a Net Worth of £4,430,000,000 (NorthRow 04/04/2025).
(2) The lease provides for a tenant option to determine the lease on24/06/2027.
(3) For the year ending 31/03/2024 Vodafone Limited reported a Turnover of £5,816,000,000, a Pre-Tax Profit of £43,500,000 and Net Worth of £2,931,800,000 (NorthRow 04/04/2025).
(4) The lease provides for a tenant option to determine the lease on 01/02/2027.
(5) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

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.