About this property
Key Features
Potential for alternative uses and asset management STP
Freehold Grade II listed period property
Vacant possession of 43-45 whilst 47 is subject to a commercial lease
Prominent High Street investment property
Description
43-47 High Street provides an excellent chance to acquire a prominent investment property, in the heart of the thriving town of Newmarket, which may suit alternative uses and offer asset management potential STP.
The property is of brick construction under a pitched slate tiled roof and has many attractive period features. The front of the building is thought to have been built in the 19th century, whilst part of the rear storey wing is thought to be 17th century.
43-45 High Street comprises a ground floor retail unit with ancillary first floor storage and residential accommodation above that stretches over 43, 45, and 47.
There is a basement used for safe storage, along with a good-sized garden to the rear with a garage/store and off-road parking for two cars.
47 High Street features a self-contained retail unit at ground floor level, which is accessed from the High Street only, and is let to an established tenant.
43-45 High Street - 266 sqm (2872 sqft). Plus Garage and Basement - 82.32 sqm (886 sqft).
47 High Street - 45.42 sqm (489 sqft) including store.
EPC rating 43-45 - D, 47 - B
Tenure
Freehold
Location
Newmarket is located in East Anglia approximately 65 miles north of London and is in the administrative county of Suffolk. It is an internationally recognised town for its horse racing industry, around 14 miles east of Cambridge and 16 miles west of Bury St Edmunds with good road connections via the A14 and A11.
The property is located at the south-western end of the High Street close to a range of shops, banks, pubs, and restaurants.
Lot Type
Commercial
Tenancies
47 High Street is currently tenanted by Argent Salon Limited with a 10 year lease that commenced on 2nd October 2015 (expires 1st October 2025) with a current rent of £15,000 per annum, please see the legal pack for more information. 43, 45 High Street is vacant.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Charlotte Burmby at Howes Percival, Terrington House, 13/15 Hills Road, Cambridge, CB2 1NL
Viewing
Cheffins Commercial Department 01223 213666
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�