Eddisons under starter’s orders on office freehold in the home of horse racing

Our Cambridge property agency team has been instructed to sell a freehold office building in Newmarket, the town known in equestrian business and sporting circles as the ‘home of horse racing’.

Suffolk House is a self-contained, three-storey, modern office building in the heart of the internationally acclaimed racing town, opposite the world-famous Jockey Club’s Gallops and adjacent to the town centre’s Waitrose supermarket.

The freehold is being offered with vacant possession at a guide price of £1.8 million.

Totalling over 17,500 sq ft, the building has office accommodation in a mix of open plan and cellular layouts, a reception and staff welfare facilities. There are around 60 parking spaces on the site area of just under an acre (0.708 acres).

In highlighting Suffolk House’s Cambridge ‘CB’ postcode, Eddisons points to the convenience of the office’s location in being close to Cambridge but without the city’s commuting congestion.

Cambridge director Ben Green explains, “Newmarket offers an attractive alternative to Cambridge and is the chosen location by a number of office occupiers. Not only is it more affordable, but it is, arguably, a more accessible alternative, especially when it comes to that last few miles of a commuting journey.

“Recent research by the University of Cambridge’s Land Economy Department has highlighted the increase in traffic congestion in Cambridge, particularly at peak commuter times, since the end of the pandemic.

“So in terms of affordability, accessibility, plus the prime-level quality of its office offer, Suffolk House should definitely be a front runner for freehold investors or a significant owner occupier looking to capitalise on the kudos of CB postcode location but without the commuting drawbacks of a Cambridge city base.

“The building is also considered suitable for alternative uses, subject to any necessary planning consents.”

Viewing of Suffolk House, Fordham Road, Newmarket is strictly by appointment through Eddisons. For more information, contact Ben Green or Joe Berry on 01223 467155, [email protected] or [email protected].