Auction
40 Highstreet , Haverhill, CB9 8AR
Freehold Mixed Use Development Opportunity
Planning permission has been granted to construct a three-storey extension to provide 7 flats
Proposed Residential GIA - 416sqm/4,478sqft
Proposed Commercial GIA - 190 sqm/2,045sqft
Amenities close by including Tesco Superstore, Costa Coffee, and Abbeycroft Leisure Centre
Freehold
Offers in excess of £275,000 for the freehold interest
To be sold in the 14th September 2023 auction with Auction House London if not sold prior
Description
Located on the High Street of the market town of Haverhill, the existing site is currently two vacant commercial units on the ground floor and a 2- bedroom flat on the first floor. The flat is currently let on an AST with a notice period of 2 months from either party. Planning permission has been granted by West Suffolk Council for the demolition of the existing first floor and construction of three new storeys to provide 7 flats whilst retaining the ground floor commercial units.
Location
The existing site is located within Haverhill Town Centre, within the county of Suffolk. The immediate surrounding area comprises predominantly commercial and residential units of Haverhill Town Centre. The site is very well served in terms of local amenities which can be found on the high street a short walk away and situated within close proximity to Abbeycroft Leisure Centre and Haverhill Recreation Ground. The local schools include Place Farm Primary Academy (0.5 miles) Westfield Primary Academy (0.7 miles) and Castle Manor Academy (0.8 miles)
Transport
Haverhill is well-served in terms of bus services. The site is an 8-minute walk from Haverhill Bus and Coach station with buses running approximately every 30 minutes during the day. The bus station in Haverhill also provides local services to some of the surrounding towns and villages as well as providing direct access to Cambridge city centre.
Planning Permission
REF – DC/22/1541/FUL – Planning permission has been granted by the Council of West Suffolk for the demolition of the existing first floor and the construction of three additional storeys to provide 7 apartments.
Financial Contributions
We have been advised that CIL is not applicable.
Further Information
Please contact a member of the team at Highfield Investments for the further information pack.
Access
Available upon request.
VAT
We have been advised that VAT is not applicable.
Tenure
Freehold.
Terms
Offers in excess of £275,000 for the freehold interest.
To be sold in Auction House London on 14th September 2023 if not sold prior.
Please note the information provided by Highfield Investments London Limited, trading as Highfield Investments has been given in good faith, however all parties must undertake their own due diligence to satisfy themselves in regards to accuracy.