Former Rosery Country House Hotel, 15 Church Street, Exning, Newmarket, Suffolk CB8 7EH

For sale by Auction. Contact the auctioneers for further details.

Of interest to Investors and Developers.

A prominent former hotel with grounds benefitting from a positive pre-application response response dated 9/1/23 (Ref PREAPP/22/301 - available from the legal pack) The response includes the following two paragraphs -

"......As discussed during our meeting, in my opinion, subject to the principle of
development being accepted (as discussed above regarding policies DM41 and
DM30), I consider that residential development only will help to overcome some
of the challenges of the site and this should be restricted to the existing Rosery
Hotel building and coach house (subject to material considerations, particularly
trees and heritage impacts in this case), and the existing garden should be
retained. A mixed-use site, with a less impactful commercial use, may also be a
consideration.

However, as with any proposal, the only way to fully test the merits of the
proposed development would be through the submission of a formal planning
application. Please see the attached list of relevant documents required if you
decide to submit a planning application. This is to be used as guidance only, it
maybe that when an application is submitted it comes to light further information
is required, that has not been highlighted on this list........"

Description

The former Rosery Hotel is a prominent converted Victorian manor house which was most recently used as a hotel with associated uses such as restaurant. The site benefits from a separate Coach House and Garden Rooms all set within 0.77 Acres.

Tenure

Freehold

Accommodation

We understand that the property benefits from the following accommodation:

The property is arranged over part basement, ground, part first and part second floors with outbuildings all set within 0.77 Acres.

The former hotel was arranged as restaurant accommodates serving c65 covers, a bar lounge, meeting room and large gardens. In total there were 16 guest bedrooms.
Please note the above accommodation has been taken from the valuation report.

Floor Areas:

Total accommodation extending to 11,803 sq ft (1,097 sq m)

NB - Please note the above floor areas have been taken from the valuation report.

Site Area

The site as a whole is c 0.77 acres.

Previous marketing

Please note that the property has previously been marketed by the seller in order to demonstrate to the local planning authority that there is no demand from operators of hotels. This marketing and pricing used does not represent the properties development value. The seller had intended to build out themselves however, they are now no longer locally based and have decided to sell.

Location

The property is located in Exning, west Suffolk situated approximately 2 miles from the historic racing town of Newmarket. Exning village offers a range of amenities including schools, several public houses, post office and local shops. A wider range of facilities are available in nearby Newmarket to include supermarkets, pubs, restaurants and schools.

Transport

Newmarket Station 2.2 miles

Dullingham Station 4.2 miles

Kennett Station 5.1 miles

Note Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Draft Sales Particulars These sales details are awaiting vendor approval

Tenure: Freehold

EPC Rating: TBC

Terms:
Auction Details

The sale of this property will take place on the stated date by way of Single lot timed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.2% inc. VAT of the purchase price (subject to a minimum of £1,500 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

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This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.