Extensive freehold opportunity with planning permission and development potential.
- Prominent Grade II Listed 17th‑century building on Newmarket High Street
- Large gross internal area: c.2,156 sqm (23,207 sq ft)
- Extant planning permission for a 72‑bed boutique hotel
- Includes 0.27 acre undeveloped land parcel on Palace Street
- Interior stripped back and ready for refurbishment and fit‑out
- Requires significant renovation; listed consent will constrain works
- Town centre location with wide retail, leisure and transport access
- Local area records higher crime; factor into operating plans
A rare freehold opportunity in the heart of Newmarket: an imposing Grade II Listed 17th‑century building with extensive High Street frontage and excellent visibility. The property extends to approximately 2,156 sqm (23,207 sq ft) and includes a 0.27‑acre undeveloped land parcel on Palace Street, providing scope for additional development or ancillary uses subject to consents.
The interior has been fully stripped back, so a new owner can begin refurbishment immediately. There is extant planning permission for a 72‑bed boutique hotel, giving a clear route to reopening as hospitality accommodation. Its central town location places shops, cafes, transport and Newmarket’s racing amenities within walking distance.
Important practical considerations: the building is Grade II Listed, so restoration and alterations will be constrained and likely more costly. The property requires significant renovation and fit‑out works — the interior is a stripped shell. The immediate area records higher crime levels, which should be considered in any operational planning.
This asset will suit a developer or investor experienced with listed buildings and town‑centre schemes, or a buyer seeking a substantial conversion project (residential or other commercial uses possible STP). The sale is with vacant possession, allowing an incoming owner to progress permitted works or seek alternative consents without delay.
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