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For Sale£285,000.00

Freehold Mixed Use Property With Development Potential

Residential, Retail, General Retail, Office, Mixed use, Offices, Other Property Types & Opportunities , 750 Sq Ft
Property type: Residential, Retail, General Retail, Office, Mixed use, Offices, Other Property Types & Opportunities
Tenure: For Sale Freehold
Size: 750 Sq Ft
Price: £285,000.00
Location: 9 Market Place, IP28 7EF
A rare opportunity to acquire a mixed use Grade II listed cottage on the market town square of historic Mildenhall.

This 16th century building has been lovingly tended to and has a multitude of period features. Equipped with A1 and A3 use classes, a premise license to serve alcohol both on and off the premises and a seven day trading license, whilst this property lends itself to a number of different potential businesses it would make a lucrative bar for the right owner.

Two significant RAF bases, RAF Mildenhall, which now houses the US Airforce and RAF Lakenheath are both located to the North of the town and their personnel are frequent visitors to MiIdenhall. A Market takes place on the central square every Friday and the town acts as the principal hub for nearby villages. This property, being situated on the market square itself, benefits from substantial footfall on a daily basis.

This 3 storey building, currently laid out as commercial premises on the ground floor and accommodation above, could be completely converted to either commercial premises or a home subject to the necessary consents.

The Property

Structurally sound and retaining a vast amount of its period features the property is comprised of a lobby, retail area and kitchen on the ground floor with living accommodation above. The 1st and 2nd floors of the building are comprised of a living room with a cosy alcove seating area, a study, two bedrooms, a study and a bathroom.

Development Opportunity STP

A private 15ft by 10ft courtyard is situated to the rear of the property where the building can be extended resulting in an additional 450 square feet of space on each floor. This would increase the available internal space by over 60% taking the total from 750 sq. ft. to circa 1200 sq. ft. The neighboring property has followed this blueprint having been granted permission so there is a precedent. As such offers subject to planning will be considered.

Viewings Strictly By Appointment Only

Location Description

Mildenhall is located on the River Lark at the edge of Thetford Forest Park, and is found just off of the A11 with good links to the A14 and M11.

Situated within easy reach of a number of RAF/US Air-force Bases, Mildenhall with a population circa 12000, benefits from a high volume of local residents, serving personnel and their families, as well as tourists, walkers, cyclists and passing business.

The town benefits from a rich history and retains many classic features. The Mildenhall Treasure, as written about by Roald Dahl and now housed in the British Museum, was discovered nearby to the where this rare find is situated.
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