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Hall Farm Barns, Church Lane... Residential development for sale
Hall Farm Barns, Church Lane, Freckenham, Bury St Edmunds
£175,000
Hall Farm Barns, Church Lane, Freckenham, Bury St Edmunds
£175,000
Our Summary
- Period Barn with potential to convert to Commercial/Light Industrial2,869 sq ft (266
- All subject to planning
- )Overage - The freehold will be sold subject to the terms of an overage clause whereby the vendor will retain 50% of any uplift in value of all or part of the buildings in the event that planning consent is obtained for residential use of the freehold buildings
- Period Barn with potential to convert to commercial/light industrial
Description
This historic period barn, known as The Cartlodge, is a freehold property situated in the village of Freckenham, approximately 10 miles north-east of Newmarket and 3 miles south-west of Mildenhall. The property, which spans 2,869 square feet, is a timber-framed, part-brick, and part-flint building that was originally used as a cart lodge. It has been converted into two loose boxes at the northern end and two open-fronted bays at the southern end. The property has no services, and any buyer or tenant would need to arrange for connections if required. The vendor is willing to sell the property with vacant possession or let it on a full repairing and insuring lease for terms to be agreed. The property is being sold subject to an overage clause, whereby the vendor will retain 50% of any uplift in value of the buildings in the event that planning consent is obtained for residential use. The asking price for the freehold property is £175,000.