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7 bedroom detached house for sale

Stockbridge House, High Street, Newmarket, Suffolk, CB8 9AP

Guide Price* £389,000

Property Description

Key features

  • 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.

Full description

Tenure: Freehold

**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+

Location
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.

Description
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.

Accommodation
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

Listing History

Added on Rightmove:
17 November 2016

Map & Street View

Disclaimer - Property reference 55401. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Countrywide Property Auctions, National. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*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.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Countrywide Property Auctions, National on 0870 240 1140.


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