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9th July 2020

Holland House Stable, Newmarket

  • DETAILS
  • FACILITIES
  • INFO
  • County: Suffolk
  • Town: Newmarket
  • Property Price: £795,000
  • Size: 67,082 sq ft
  • Type: Equestrian
  • Contract: For Sale
An exciting opportunity to create a new racing yard (subject to renewal of planning permission) on the strategically located site of historic Holland House Stables, within close proximity of the town centre and an area subject to current major re-development proposals.

THE PROPERTY

The original Holland House Stables was formerly known as Lansdowne House, owned by Jack Watts in 1920 before changing hands in 1957 to Basil Foster and renamed in honor of chaser ‘Joe Holland’ who provided Foster his first success after commencing training in 1955 at Enfield.
The property suffered fire damage and was eventually demolished providing a level site with road access from Rowley Drive and immediately adjacent to the horse walk linking Racecourse Side and Bury Side Training Grounds.

FEATURES

  • 0.62 hectare (1.54 acre) site with access to Rowley Drive
  • Adjoining the cross-town horse walk linking the Racecourse Side and Bury Side Training Grounds
  • Previous full planning permission obtained for 60 box yard with accommodation
  • Strategic location close to town centre with major plans for redevelopment nearby

PLANNING

The current owner obtained full planning permission (Ref: F/2012/0671/FUL) for redevelopment to create a 60-box yard with a head lad’s cottage, staff accommodation and hospitality facilities. (Further details of the previous application are available from the selling agents or via the West Suffolk (Forest Heath) District Council planning portal.)

The permission has now expired although the planning authority are likely to look favourably on a re-application for either the existing scheme, or a new racing related proposal.

The property occupies a strategic location near the town centre and within close proximity to an area for which a major re-development proposals are being submitted; ‘Fitzroy Park’ will include new homes, flats, offices, petrol station and convenience store together with the refurbishment of the historic Queensbury Lodge Stables adjoining the High Street.

OVERAGE

The property is offered for sale subject to an Overage Agreement effective for a period of 25 years from the date of completion payable on the implementation of planning or disposal subject to planning permission for any non-racing or equine related use.

The amount payable would be 50% of the increase in value from the current use value net of costs. The terms of the Agreement may be negotiable subject to purchase price.

DETAILS

A full brochure for the property can be downloaded here.

A location plan of the property can be downloaded here.

Viewing

If you are interested in viewing this property, please contact us::