44/48 High Street, Newmarket, Suffolk, CB8 8LF

For Sale by Public Auction on 24th September 2025

£575,000+

Prominent High Street property
Let to major banking covenant
Current rent of £65,000 per annum
Freehold
Description
A fantastic opportunity to purchase a substantial well-let commercial property in prime retail location in the heart of Newmarket, Suffolk, let to Lloyds Bank, who most recently signed a 5 year lease in 2022.

The property is of brick and stone wall construction beneath part slate, part flat roof, with the internal accommodation arranged over 4 main levels.

The property has the benefit of a right of way over the rear service road, which provides a secondary pedestrian access to the rear of the building.

The substantial accommodation features a banking hall at ground floor level, with offices and staff rooms arranged over the first and second floors, while the basement provides further ancillary accommodation predominantly used for storage purposes and to house building services. The net internal areas are as follows:


Location
The property is found in a prime trading part of Newmarket town centre, surrounded by a variety of local and national retailers on the busy High Street. The historic Suffolk town of Newmarket is internationally known as the home of British horse racing, has a population of over 20,000 and is located equidistant between Cambridge and Bury St Edmunds. The town benefits from a wealth of shops, facilities and services along with a train station and good links to the , A11, and A14 trunk roads.

EPC Rating - C.

Tenancies
The property is fully let to Lloyds Bank PLC who most recently signed a 5 year full repairing and insuring lease from 25th March 2022 (approximately 1.5 years unexpired) at a current rent of £65,000 per annum, without further review.

VAT
No VAT is payable on the purchase price.

Viewing
Cheffins Commercial Department

*Guides 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 (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.