An interesting investment/modernisation opportunity with garaging in town centre location

A unique opportunity to acquire this substantial property comprising the freehold of two blocks of flats including 3 vacant units, together with 7 garages situated in the heart of this renowned racing town. We consider this to be a first class opportunity for the investor/developer. Newmarket is a thriving town centred on the equestrian industry. Many high street shops, commercial and recreational facilities are located near to the property and the railway station is also nearby.

Tenure

Freehold

29 Old Station Road

A Victorian villa conversion comprising 5 flats, 2 of which have been sold off on 125 year leases in 1989 and 2000 respectively whilst the other 3 are vacant and comprise 2 large studio and 1 one bedroom units which are in need of modernisation.

27A Old Station Road

A 1970's built block comprising 3 self-contained flats, all of which have been sold on 125 year leases in 1983 and pay an annual ground rent of £10 plus a proportionate part of the repairing and maintenance costs.

Outside

Rear courtyard garden with access to a row of 7 single garages with up and over doors, 3 of which are let.

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating Flat 2, 29 Old Station Rd : D Flat 3, 29 Old Station Rd : G Flat 5, 29 Old Station Rd : E

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Forest Heath District Council. Tel: 01638 719000

Solicitors

Birketts, Kingfisher House, 1 Gilders Way, Off Barrack Street, Norwich NR3 1UB, Ref: Ms S Balfour, Tel: 01603 232300

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ VAT), payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.