Cedar Lodge Stables, Newmarket
A well located racing yard with 3 residential bungalows, 57 boxes with additional stores and holding paddocks adjoining Rowley Mile Gallops.
Simon Gooderham 01223 213777
Sold
Offers in the region of £785,000
INTRODUCTION
The sale of Cedar Lodge stables offers an opportunity to purchase a well located training yard in a prime location on Hamilton Road, in Newmarket, the historic Headquarters of British Racing. The yard has direct access to the Rowley Mile gallops and provides an opportunity for further improvement and/or redevelopment of the existing training facilities.
SITUATION & DIRECTIONS
The property is situated on Hamilton Road, Newmarket, close to the entrance to the Rowley Mile Racecourse and gallops. From the A11, take the A1304 London Road towards Newmarket for approximately 4 miles. At the roundabout take the third exit signposted Newmarket Town centre and contine along this road for approximately 1 mile. Turn left into Hamilton Road and Cedar Lodge Stables is the first training yard on the left hand side.
DESCRIPTION
Training Yard: Comprises of 57 boxes of timber and blockwork construction, together with associated tack rooms, feed stores, trainers office, storage barn and ancillary accommodation. Claydon 5 horse walker and lunging ring. There are two turn out paddocks with post and rail fencing with access to the rear of the yard directly to the Rowley Mile gallops.
Residential Accomodation: A terrace of 3 residential bungalows with frontage to Hamilton Road with are currently rented out on Assured Shorthold Tenancies.
Cedar Cottage - 3 bed end terrace
Cedar Wood - 2 bed mid terrace
Cedar Lodge Cottage - 2 bed end terrace
PLANNING
The yard is located within the settlement boundary of Newmarket Town and it is considered that there is potential for re-development in accordance with the current Horse Racing Policy of Forest Heath District Council to provide further extensive modern training facilities. Draft plans have been prepared for the potential re-development of the yard and copies are available for inspection from the sole agents.
TENURE AND OCCUPATION
The yard is offred for sale Freehold. Vacant possession will be offered on completion.
LOCAL AUTHORITY
Forest Heath District Council District Offices, College Heath Road, Mildenhall, Bury St Edmunds, Suffolk, IP28 7EY (01638 719000)
OUTGOINGS
Business Rates
Bottom Yard - Rateable Value - £7,800
Middle Yard A - Rateable Value - £3,600
Middle Yard B - Rateable Value - £3,600
VAT
In the event that any sale of the property or any right attached to it become a chargeable supply for VAT the Purchaser shall in addition to the consideration pay to the Vendors the full amount of such tax.
BOUNDARIES
The Vendor and Vendors' agents will do their best to specify the ownership of boundary hedges, fences and ditches, but will not be bound to determine these. As the property is available for inspection the purchaser(s) will be deemed to have satisfied themselves as to the ownership of the boundaries.
VIEWING & FURTHER INFORMATION
Viewing is strictly by appointment with the Sole Agents. For further information regarding the sale of this property contact Simon Gooderham at the Cambridge Office on (01223) 213777.
AGENT'S NOTES
For clarification we wish to inform prospective purchaser(s) that we have prepared these sales particulars as a general guide. None of the statements contained in these particulars as to the property shall be relied on as statements of fact. All measurements are given as a guide and no liability can be accepted for errors arising therefrom. The plan and acreages use gross acreages taken from the Ordnance Survey sheets and are for identification purposes only. The purchaser(s) will be deemed to have satisfied themselves of the land as scheduled. The property being open to inspection the purchaser(s) shall be deemed to have full knowledge of the state and condition thereof and as to the ownership of any tree boundary or any part of the property. If communications, condition of the property, situation or such factors are of a particular importance to you please discuss these priorities with us before arranging an appointment to view. This should avoid a wasted journey. MARCH 2009
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