Former police station freehold sold
The freehold of the former police station and magistrates court in Newmarket has been sold through the agency of Eddisons incorporating Barker Storey Matthews for a sum in excess of £1 million.
Appointed to act on behalf of the office of the Police and Crime Commissioner (OPCC) for Suffolk and Suffolk County Council as the sole agent, the freehold of the premises and 0.31 acre town centre site, spanning Vicarage Road and Lisburn Road, was marketed and sold with outline residential planning permission to a property development company.
The Bury St Edmunds office of Eddisons completed the deal in mid-December (2020) after extensive negotiations which were lengthened by the Covid-19 pandemic and phases of business lockdown.
Commenting on the success of the freehold sale, Eddisons’ Steven Mudd said, “Notwithstanding the problems in the wider economy caused by the pandemic, the completion of the sale demonstrates the ongoing appeal of freehold property investment.
“Plus, also, the enduring attraction of the Eastern region for such residential development opportunities.”
For more information on freehold property for sale or development opportunities in Newmarket and surrounding areas, contact Steven Mudd at the Bury St Edmunds office of Eddisons incorporating Barker Storey Matthews, tel 01284 702655 or see eddisons.com/barker-storey-matthews.
For any press queries, please contact:
Richard Jones, Eddisons incorporating Barker Storey Matthews, 01733 897722, [email protected]