The freehold for a former police station and magistrates court in Newmarket has been sold to property development company Newmarket Holdings for a sum in excess of £1 million.
The sale was completed through the Bury St Edmunds branch of Eddisons incorporating Barker Storey Matthews. Eddisons acted on behalf of the office of the Police and Crime Commissioner for Suffolk and Suffolk County, who previously owned the site. The 0.31-acre town centre site, spanning Vicarage Road and Lisburn Road, had already received outline residential planning permission prior to the 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.”
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