Land for sale in 1-5 High Street, Haverhill, Suffolk CB9

Offers over £1,250,000 (£1,825,588.41/ac)
Land for sale 0.7 ac*
Interested in this property? Call +44 20 8033 5672 * or Request Details

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Property features

  • An imposing mixed use property arranged over three floors providing approximately 29,826 square feet (2,771 square metres) of space.
  • Planning consent for the conversion of the upper parts into 21 apartments (1 x studio, 11 x 1 bed, 7 x 2 bed, & 2 x 3 bed).
  • Approximately 13,289 square feet (1,235 square metres) of ground floor commercial space (Use Class E) currently arranged as two shops.
  • Located within the Haverhill (Queen Street) Conservation Area close to all local amenities.
  • Offers are invited in excess of £1,250,000, reflecting £41.90 per square foot capital value.

Property description

Location
Haverhill is an attractive market town in Suffolk next to the borders with Essex and Cambridgeshire. It lies 16 miles south-east of Cambridge and 16 miles south-west of Bury St Edmunds.

The building is situated on the High Street opposite Haverhill MarketSquare and at the junction of Swan Lane, Queens Street and Camps Road. The town centre bus station is 0.2 miles to the east of the property providing a number of different routes for the local community.

Access to the A11 is 11 miles to the west which in turn provides access to the M11.
The property is located within the Haverhill (Queen Street) Conservation Area but the building itself is not listed. Immediately opposite the application site are the St Mary’s Church and associated grounds creating a focal point for the area.

Please note all distances given are approximate only.

Description
An imposing landmark building arranged over three floors. The ground floor currently has retail use and is arranged as two shops (Use Class E).

The upper floors are currently vacant but have most recently been used as a night club and ancillary retail space.

Development
The property benefits from two planning consents granted by West Suffolk Council planning department which we understand can be implemented simultaneously and are described as follows;

1-3 High Street, Haverhill, CB9 8AA (DC/19/0226/ful)
Change of use to first-floor level from A1 (ancillary retail storage) to C3 (Dwellings) to create 7 residential units (5 x 1 bed & 2 x 2 bed) including external alterations and associated amenity space.

5 High Street, Haverhill, CB9 8AA (DC/17/2539/ful)
Conversion of building to provide 14 residential units (1 x studio, 6 x 1 bed, 5 x 2 bed, & 2 x 3 bed), including the addition of dormer extension and associated amenity space.

Please note that there are no affordable housing obligations for either consent. Subject to obtaining appropriate consents it might be possible to reconfigure the design and layout to provide additional units within the scheme.

We are informed by the seller that the development is subject to the following contributions;
cil: No payment due.
S106: £41,252.

Data Room
A data room has been setup and access is available on request.

Terms
Offers are invited in excess of £1,250,000, reflecting £41.90 per square foot capital value.
Offers for the ground floor commercial units or uppers separately will be considered.

Tenure
The freehold interest is to be sold with full vacant possession.

Viewings
Strictly by appointment through sole agents Harston&Co.

VAT
It is understood that the building has been elected for VAT.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Harston&Co, E18 on +44 20 8033 5672 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Harston&Co, and do not constitute property particulars. Please contact Harston&Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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