SummaryAn excellent opportunity to rent a character building with striking internal features, potential for a garden extension and re-configuration to create a stunning restaurant in the heart of Newmarket, benefitting from the town's expanding population and growing visitor numbers.
Cambridge - 12 miles east
Bury St Edmunds - 18 miles west
Ely - 17 miles north west
Newmarket railway station is 0.5 miles from the site and serves Cambridge and London as well as Bury St Edmunds and Ipswich
The town is adjacent to the A11/A14 with close links to the M11
The site adjoins The Jockey Club and is within walking distance of the National Horseracing Museum at Palace House and the renowned Tattersalls Auction House
The Rowley Mile Racecourse is 1.4 miles to the west with the July Course a further mile beyond
A key historic building in the town, adjoining The Jockey Club
Located in close proximity to WH Smiths, Boots, Santander
and the National Horseracing Museum at Palace House
A1/A3 use, subject to planning permission
Over 6,000 square feet of floor space on the ground floor which could be used for restaurant/retail use
Stunning internal features
Newmarket is a strong historic market town in Suffolk, 12 miles east of Cambridge and 18 miles west of Bury St Edmunds. The town has good access to the A14, A11 and M11. Newmarket Rail Station provides connections to Cambridge (23 minutes) and London (1 hour 20 minutes). Stansted Airport is 30 miles away.
Tourism is predominantly connected to the horseracing industry which is very important to the town. It was estimated in 2015 that there were over 340,000 annual visitors to the two racecourses and it is reported that this has grown in recent years. There are 40 racing fixtures each year, including live music events.
The current town population is over 21,000 and Newmarket supports a much wider catchment area.
The Subscription Rooms are located at 99 High Street on the southern side of the High Street which is Newmarket's main retail thoroughfare.
The site is in the proximity of Palace House National Heritage Centre for Horseracing and Sporting Art which is one of the main visitor attractions in the town and adjacent to The Jockey Club, a private members club and events venue.
The property has an interesting and varied history. In the mid nineteenth century, betting men would meet at the Subscription Rooms after racing to place wagers on forthcoming events.
Over time, the Subscription Rooms became a social club patronised by racehorse trainers and local business men until its closure in 1981.
The Subscription Rooms were renovated and opened as the National Horseracing Museum in 1983, and remained as
such until 2016 when the Museum relocated to Palace House National Heritage Centre for Horseracing and Sporting Art, a short distance from the property.
The main building is two-storey with a single-storey extension.
The property comprises the following approximate gross internal areas.
M Sq Sq ft
Ground Floor 608.5 6,550
First Floor 376.0 4,050
Shop 48.0 520.0
There is flexibility in the space to let. This could include the small shop unit fronting the High Street.
The property benefits from a garden/outdoor seating area to the rear. A flexible parking arrangement is to be agreed with the Landlord and a right of way will be given from the east, off Park Lane (see indicative site plan).
The units are available on effective full repairing and insuring leases for a term to be agreed to five yearly upward only rent reviews.
Terms upon request.
Exclusive of VAT, business rates and service charge.
The current planning permission is for a museum including offices, storage, tea room, kitchen and retail space. Please or view the planning records online for more information.
Informal discussions between Jockey Club Estates and Forest Heath Planning Authority indicate that the premises would be suited to a variety of town centre uses, including a possible restaurant use, (subject to planning permission and listed building consent). The property is Grade II Listed and sits in the Newmarket Conservation Area.
Please make all planning enquiries through Bidwells.
Subject to Planning and Listed Building Consent, several modifications could be made to improve the internal layout as shown on the indicative floor plans, including reinstating a number of internal openings and a historic staircase. The kitchen wing to the rear could also be demolished to improve the view from the gardens.
To be assessed upon completion.
There will be a service charge to cover insurance, maintenance and repairs of communal areas, further details on request.
Each party to bear their own costs incurred in the transaction.
Value added tax
All figures exclusive of VAT.
Further information upon request.
Viewing is strongly recommended and strictly by appointment. If you would like to view the property, please contact
James Lankfer 01223 559558
Barry Woodhouse 01223 559511
Interested parties must be accompanied on site at all times, as organised by prior appointment and in the presence of an employee of Bidwells.
D1 Non Residential Institutions