36A High Street, Newmarket, Suffolk, CB8 8LB

Property Details: • Type: Commercial Property • Tenure: N/A • Floor Area: N/A

Key Features: • Town centre location • For sale leasehold (103 years remaining) • Available with vacant possession

Location: • Nearest Station: Newmarket Station • Distance to Station: 0.5 miles

Agent Information: • Address: Clifton House, 1 & 2 Clifton Road, Cambridge, CB1 7EA

Full Description: For Sale by Public Auction on 5th March 2025

£125,000-£130,000

Town centre location For sale leasehold (103 years remaining) Available with vacant possession Description The property comprises a vacant two storey building of masonry construction with a part flat, part pitched roof. Both ground and first floors provide largely open plan accommodation, with some partitioned offices and a WC. There is access at the side of the property to both floors. The property is in need of internal refurbishment and is likely to suit a range of commercial occupiers.

We are informed there is no allocated parking with the property.

Accommodation The property comprises the following approximate gross internal areas:

Ground Floor: 163.69 sq m, 1,762 sq ft First Floor: 161.84 sq m, 1,742 sq ft Total: 325.53 sqm, 3,504 sq ft

Business Rates Rateable Value (2023 Rates List): £12,750 Rates Payable: (2024/25) £6,362

Qualifying occupiers may be eligible for small business rates relief.

Summary valuation - Valuation Office Agency - GOV.UK

Location Newmarket is a historic market town located 12 miles east of Cambridge. The town has a resident population of approximately 21,000 (2011 census). It is internationally famous for its horse racing industry and has a range of local services and amenities. The town holds a strategic position within East Anglia, lying at the intersection of the A14 and A11, providing direct access to London, the Midlands and the Port of Felixstowe. There are direct rail services to Cambridge and Bury st Edmunds.

The property itself is located just off the High Street, to the rear of the Waggon & Horses public house, and adjacent to the Guineas multi-storey car park.

Planning The property has primarily been used as a retail showroom falling under Use Class A1 of the Town & Country Planning (Use Classes) Order 1987. The property gained change of use in 2008 to A3 restaurant at ground floor and A2 professional services at first floor. Other uses falling under Class E such as office, light production, or R&D may be permitted.

Interested parties are advised to speak with West Suffolk Council Planning department regarding their proposed use.

Auctioneers Note The long leasehold interest is available to purchase. The property is held on a 125 year lease from the freeholder Greene King PLC from 11th June 2003 at a peppercorn rent. There are no rent reviews during this term.

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.BrochuresLegal Documents