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Lot 8
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12-14 Tavern Street, Stowmarket, Suffolk, IP14 1PH

Sold for £290,000
Substantial Freehold investment... now vacant with development potential (STP)

Property Details

Description

Lying in the heart of the market town of Stowmarket is this stunning, Grade II listed period property. The town enjoys excellent communications and offers a comprehensive range of facilities. It is obvious to see the historical use as a pair of substantial family dwellings. However, in more recent times, the property is seen to be interconnected to create a large office suite for a firm of accountants. With the evolution of commerce, this space is now surplus, and it is time for a new chapter in the property’s history. With ten rooms on the ground floor and nine rooms on the first, there is massive potential for a plethora of development solutions from offices, reversion to a pair of dwellings to some form of multiple occupation, naturally, all subject to planning.

Key Features

  • FORMER 2 COTTAGES
  • STOWMARKET TOWN
  • DEVELOPMENT POT.
  • 10 ROOMS G/FLOOR
  • 9 ROOMS F/FLOOR
  • MODERN GAS C/H
Tenure

Freehold

EPC

TBC

Viewing

By appointment with the auctioneers

Solicitors

Mr Mark Hayward
Hayward Moon Property Lawyers
Connexions
159 Princes Street
Ipswich
IP1 1QJ

Location

12-14 Tavern Street, Stowmarket, Suffolk, IP14 1PH

*Guide prices are provided as an indication of a vendor’s minimum expectation and the level at which the reserve is set. Properties may not always sell within this guide and this figure may change at any time prior to the auction. The sale price will be dependent upon bidding in the auction room and on the Vendors’ instructions.

Reserve Price Each property will be sold subject to a reserve price, which will be set within, or below, the guide price range or no more than 10% above a single figure guide. This is a confidential figure set between the Vendor and the Auctioneer and is a figure below which the Auctioneer cannot sell the property.

Additional Fees All buyers are liable to pay an Administration Charge of £1,200 inclusive of VAT. Other fees disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.