To Let

The Subscription Rooms, 99 High Street, Newmarket, Suffolk, CB8 8JH

Leasehold

520 - 6,550 sq ft

Property Advisor

James Lankfer

Partner, Head of Retail and Leisure

View James's profile

commercialretailagency@bidwells.co.uk

Brochure

An excellent opportunity to rent a character building with interesting internal features, potential for a garden extension, re-configuration to create a restaurant to benefit from Newmarket's expanding population and growth in tourism.

Property specification

A1/A3 Use
The town is adjacent to the A11/A14 and its links to the M11.
Newmarket railway station serves Cambridge/London as well as Bury St Edmunds, Ipswich.
Near to WH Smith, Boots, Santander and adjacent to The Jockey Club Rooms.
Planning - Informal discussions have been held with the local authority who would be supportive to a restaurant use.

The subject property has a very interesting and varied history. In the mid nineteenth century, betting men would meet at the Subscription Rooms after racing. The rooms were restored c. 1980 and then became the Horseracing Museum until its recent relocation to the new Palace House National Heritage Centre, a short distance from the subject property. The main building is 2 story with a single-story extension.

Accommodation

The property comprises the following approximate gross internal areas. There is flexibility in the space to let:

Ground Floor - 608.5 sq. m 6,550 sq. ft.
First Floor - 376.0 sq. m 4,050 sq. ft.
Shop - 48.0 sq. m. 520.0 sq. ft.

This could include the small shop unit fronting the High Street. Benefit from a garden/outdoor seating, car parking servicing. The property will benefit from both car parking and servicing from the rear.

Lease terms

The units are available on effective full repairing and insuring leases for a term to be agreed to 5 yearly upward only rent reviews.

Rates

To be assessed.

There will be a service charge to cover insurance, maintenance and repairs of communal areas, further details on request.

Legal costs

Each party to bear their own costs incurred in the transaction.

Energy perfomance certificate

Further information upon request.

VAT

All figures exclusive of VAT.

Rentals

Terms upon request. Exclusive of VAT, business rates and service charge.

Location

Newmarket is a strong historic market town in Suffolk 12 miles east of Cambridge and 18 miles west of Bury St Edmunds. The town has good access to the A14, A11 and M11 and Newmarket Rail Station provides connections to Cambridge (23 minutes) and London (1 hour 20 minutes). Stansted Airport is 30 miles away. Tourism is predominantly via the horse racing industry is very important to the town. It was estimated in 2015 that there were over 340,000 annual visitors to the two race courses and it is reported this has grown. There are 40 fixtures each year.

The current town population is over 21,000 but the town supports a wide catchment area. The Subscription Rooms are located at 99 High Street situated on the southern side of the High Street which is Newmarket's main retail thoroughfare. It is in the proximity of Palace House National Heritage Centre for horseracing and sporting art which is one of the main visitor attractions in the town and adjacent to the Jockey Club Rooms, a private members club and events venue.