Guide price
£4,000,000
(£301.16/sq. ft)
Block of flats for saleFordham Road, Newmarket CB8
13,282 sq. ft
About this property
An exciting development opportunity, potentially suitable for a range of living uses, situated in Central Newmarket, located 12 miles west of Cambridge.
Situated on Fordham Road, the site is well positioned just 0.4 miles from the Town Centre.
The entire site measures approximately c.5 acres and features a range of attractive existing buildings including an attractive former Convent with associated bungalows, a former stable block which has been converted into three houses and an attractive two bedroom cottage.
Existing buildings measure 13,282 sq ft
To the rear of the main buildings there is a sizeable square parcel of open land with undoubted development potential, measuring roughly 1.27 acres, to the north there are residential buildings in a recent development knows as 'the maltings', which could be viewed as neighbouring precedent.
There is a positive historic pre-app for the development of eighteen flats and six houses on 0.46 acres of the site (further information available upon
request).
The title is located within a settlement boundary and forms part of the neighbourhood plan area for levelling up, housing and communities.
Newmarket is defined as a 'Market Town' in the Core Strategy (Policy CS1) of the Local Plan.
Freehold.
Guide Price £4,000,000 STC (available on unconditional basis)
Situated on Fordham Road, the site is well positioned just 0.4 miles from the Town Centre.
The entire site measures approximately c.5 acres and features a range of attractive existing buildings including an attractive former Convent with associated bungalows, a former stable block which has been converted into three houses and an attractive two bedroom cottage.
Existing buildings measure 13,282 sq ft
To the rear of the main buildings there is a sizeable square parcel of open land with undoubted development potential, measuring roughly 1.27 acres, to the north there are residential buildings in a recent development knows as 'the maltings', which could be viewed as neighbouring precedent.
There is a positive historic pre-app for the development of eighteen flats and six houses on 0.46 acres of the site (further information available upon
request).
The title is located within a settlement boundary and forms part of the neighbourhood plan area for levelling up, housing and communities.
Newmarket is defined as a 'Market Town' in the Core Strategy (Policy CS1) of the Local Plan.
Freehold.
Guide Price £4,000,000 STC (available on unconditional basis)
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Monthly repayment
£20,009 per month
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