7 bedroom detached house for saleStockbridge House, High Street, Newmarket, Suffolk, CB8 9AP
Guide Price* £389,000
- Freehold town centre residential investment opportunity. Subject to and with the benefit of two long leasehold ground rent incomes, two flats holding over from original Assured Shorthold Tenancies...
- Annualised income payable presently £19,140 with further potential once flat 1 is let.
- Located centrally in Newmarket town centre, the home of the horse racing industry in the U.K.
**For Sale By Public Auction 08 December 2016 at Le Meridien Piccadilly, 21 Piccadilly, London, W1J 0BH commencing at 1pm.To inspect the legal documents for this property go to our website www.countrywidepropertyauctions.co.uk to download the legal pack**
Guide Price - £389,000+
Newmarket is a market town in Suffolk located approximately 65 miles north of London. It is generally considered to be the birthplace and global centre of thoroughbred horse racing and is the largest horse racing centre in Britain as well as being the largest racecourse breeding centre in the country. The town centre offers a variety of shops and leisure pursuits and also has a mainline railway station on the Cambridge - Bury St. Edmunds - Ipswich line. Regular bus services also run to the neighbouring towns of Bury St. Edmunds, Cambridge, Ely and Mildenhall. Newmarket has a number of primary schools as well as a secondary school, Newmarket Academy. The town is the home to an Air Training Corps Squadron and an Army Cadet Detachment. The property is centrally located in the High Street close to its junction with Back Bear Lane.
An imposing, detached building arranged over lower ground, ground, first and second floors divided up into a studio flat (sold off on a long lease), a 1 bedroom flat ( sold off on a long lease) and three , 2 bedroom flats. An ideal investment opportunity.
Ground Floor Flat 1 - 2 bedroom flat arranged on ground/lower ground floors. Presently vacant.
Ground Floor Flat 1a - Right hand. 1 bedroom flat. Sold off on long lease.
Ground Floor Flat 1b - Left hand . Studio flat. Sold off on long lease.
First Floor Flat 2 - 2 bedroom flat. Tenanted at £750 pcm.
Second Floor Flat 3 - 2 bedroom flat. Tenanted at £795 pcm.
Strictly by appointment with our joint agents Abbotts Mildenhall, Tel: 01638 713056
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
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