Partly Cloudy

Partly Cloudy

max temp: 4°C

min temp: -0°C

Search

Haverhill Nursery sells for £890,000

PUBLISHED: 10:47 19 December 2017

This nursery on Haverhill Research Park is for sale by auction, by Cheffins

This nursery on Haverhill Research Park is for sale by auction, by Cheffins

Archant

Premimum prices paid for development and investment property at Cheffins December auction.

The final Cheffins property auction of the year saw development and investment lots sell for premium prices on Wednesday December 6. Hosted at the firm’s salerooms in Cambridge, the sale grossed over £2.75m across eleven lots including land, investment opportunities and residential homes.

The highest price on the day was £890,000 paid for the Colourbox Montessori Nursery on Haverhill Research Park which offered a rental income of £61,065 per annum.

Making in excess of £100,000 over its estimate of £750,000, the property offers the investor buyer a final gross yield of 6.8%. The modern purpose-built premises were constructed in 2015, with over 4,025 sqft of accommodation, a car park and drop off area.

It is on the Haverhill Research Park which is a 30-acre landscaped park with Enterprise Zone status and planning permission for over 450,000 sqft of development.

Interest in a series of development plots available proved that there remains a lot of confidence in the East Anglian property market. The most generous of these was a development site of eight partly-constructed residential units in Feltwell, near Thetford.

This lot sold for 52% above its asking price with the winning bid at £535,000 against a guide price of £350,000.

Proving further strength in the local residential sales market, a cleaned five-acre plot just outside the picturesque Finchingfield village which had planning permission for a single new build property sold for £320,000 against a guide price of £200,000.

Also on offer were five separate land lots across the region which all sold for strong prices with the highest price being £191,000 which was paid for 8.5 acres of land at Guilden Morden, near Royston.

The land offered two parcels of Grade 2 arable land bordered by mature hedgerows. It eventually sold to investors following competitive bidding in the room.

Ipswich is set to get its own high-tech version of the ‘Boris Bike’ - where cyclists can use a simple phone app to get on two wheels.

The Orwell Bridge is expected to close for the third time this winter as high winds are forecast again on Wednesday night.

Suffolk Day will take place on Thursday, June 21, this year - we asked people in Ipswich their favourite thing about Suffolk.

Firefighters were called to small fire at Ipswich Hospital this morning.

Plans to build a new records office and heritage centre on the University of Suffolk campus near Ipswich Waterfront have been formally approved by Suffolk County Council.

A crash between a van and a car this morning has closed a rural Suffolk road.

Feeling safe on the streets, career prospects and retirement plans are among the top concerns for women in Suffolk and Essex, a survey reveals.

Caroline Page is known to many as the county councillor for Woodbridge but its not the only job she holds.

Proposals to build a new multi-million pound rail depot on the Suffolk/Essex border at Brantham near Manningtree are being reconsidered by Greater Anglia.

A Suffolk mother-of-five is taking steps to fulfil her lifelong dream of becoming a nurse after 25 years out of education.

Most read

Show Job Lists

Topic pages

Newsletter Sign Up

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24