Property Details

23 High Street St Neots PE19 1BU – Development opportunity in the town centre - St. Neots

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Property ID : SN01394

For Sale, Leasehold £300,000 Guide Price - Investment Opportunity, Residential, Terraced
1429 Sqft 3 Bedrooms 1 Bathroom  Add to Favorites Print

Sell New are delighted to offer this spectacular residential development opportunity, of particular
interest to developers, builders, or owner occupiers who really want to put their own stamp on a
property. Situated within a Grade II listed building in a prominent position close to Costa Coffee,
Subway, Holland & Barrett, Marks & Spencer's Foodhall, and Boots The Chemist, it enjoys the perfect
location for all the town’s amenities.
The accommodation is set over 3 floors, and has been granted Planning Permission to convert it into
two spacious two bedroom apartments across the ground, first, and second floor space (including an
extension to the existing building). Another application is in process to create 3 apartments in the same
space instead, 1 x 2 bedroom and 2 x 1 bedroom.
Furthermore there are rear grounds containing a detached carport and wooden office unit. This rear
area provides a wealth of opportunities for development subject to planning, including residential
and/or commercial units.
The main building comprises:

Shared accessway via wooden gate off high street to side access door. Access to the entrance hallway,
to the left is a large room leading to a cloakroom and a door to the rear courtyard, whilst ahead are the
stairs leading to first and second floor accommodation.
First floor landing with window to side aspect, door leading to the kitchen area with windows to side
and two-piece bathroom at the end. Second door from the landing leads into a former lounge, on the
other side of which is a door leading into a hallway. The hallway has a door to a two-piece cloakroom, a
door to another former lounge with large windows and a feature fireplace, and stairs leading to the
second floor.
The second / top floor consists of a landing with access to loft space, a skylight, and doors to two
spacious former bedrooms, one with a feature fireplace and the other with a sink and cistern. 
The building requires refurbishment and modernisation throughout, which can now be achieved under
the approved permissions. There is a ground floor retail unit in the building, which is not part of this
sale.
To the rear of the building is a spacious courtyard area (which is mostly to be used as bike and bin
storage under the granted planning permission), leading to a brick built detached carport facing into the
shared accessway. Beyond the carport is a timber frame former studio office. We are informed that a
previous owner used to drive their car through gates at the north end of the site into the rear courtyard
area. The freeholder will reserve the right to store up to 2 wheelie bins in the rear courtyard area, for
the benefit of the retail unit.

Location: 
St Neots is a rapidly expanding town located on the banks of the River Great Ouse with a population of
well over 30,000 residents. Adjoining nearby settlements such as Little Paxton, increase the population
figure to c.40,000. The retail catchment is estimated to be in excess of 80,000. St Neots has the fastest
rate of population growth within the county. Benefiting from its rail links to London Kings Cross (typical
journey time of 45-55 minutes), the town has seen a considerable expansion of its commerce and
industry in recent years. It also enjoys excellent road communications with London and the east coast
ports, being located at the intersection of the A1 trunk road and the A428/A421 Cambridge – Bedford
M1 – Milton Keynes route. The opening of the new A14 and A428 dual carriageways have significantly
improved accessibility to the Midlands and the North West. The town has a good range of shopping and
leisure facilities with many national multiple retailers represented, including Boots, Waitrose, Fat Face,
Marks & Spencer Simply Food, Waterstones, and Argos. There are a range of interesting smaller retailers
and St. Neots also benefits from a six screen cinema (Cineworld) and a small 4 restaurant food complex,
which includes Pizza Express and Prezzo.
All measurements provided are approximate
LOCATION:  Studio                                   SQ. METRE    SQ. FEET
Single Storey Studio to Rear 65 700
Total 65 700

LOCATION:  Ground Floor                            SQ. METRE    SQ. FEET
Reception Room 16.37 176
Landing/Stairway 3 32
Total 19.37 208
LOCATION:  First Floor                                   SQ. METRE    SQ. FEET
Landing/Stairway from Ground Floor              7.20             78
Living Room                                                          19.89            214
Kitchen                                                                 14.04            151
Bedroom 1                                                            20.43            220
Bathroom                                                               3.40              37
+WC
Total                                                                       64.96            700
LOCATION:  Second Floor                               SQ. METRES   SQ. FEET
Landing/Stairway from First Floor                      10.71            115
Bedroom 2                                                              17.18           185
Bedroom 3                                                              20.56            221
Total                                                                         48.45           521
           SQ. METRES    SQ. FEET
TOTAL ACROSS ALL FLOORS:                           197.78       2129

Planning: 
Planning permission was approved in March 2022 under references 21/01855/FUL and 21/01856/LBC to
convert the rest of the building into two spacious two bedroom apartments, including adding a second
floor to the existing extension.
Interested parties are advised to make their own enquiries to Huntingdonshire District Council
for confirmation.
Flat 1 Approx 105 sqm / 1130 Sqft 
Flat 2 Approx 45 sqm / 581sqft
GDV:
For the 2 new flats (as now permitted), anticipated to be in the region of £525,000 – £550,000, however buyers must rely on their own research
Services: 
Mains water and gas are supplied to the property. Drainage is to the mains sewers.
Car Parking: 

There are numerous car parks serving the town centre. Public short-stay car parking is available in the
Market Square. Long-stay car parking is available at Tebbutts Road/Tan Yard, a two minute walk from
the property.
Viewing & further information:  Strictly by appointment with the sole Selling Agent: SellNew
Services: Purchasers are obliged to make their own enquiries with regards to the exact position of any
services; given surrounding development, this is not expected to pose any issue.
Current Units: Property is currently vacant. 
Ground Rent: £250.00 per unit per year (i.e. should leaseholder divide the building into more than 1
unit, ground rent will be payable on each individual unit)
Price:  Any interested parties will be invited to a meeting at the owner's offices.
VAT: The price quoted is exclusive of VAT (if applicable).
Legal Fees: The successful purchaser will be responsible for their own legal costs, a contract will be
dispatched within 5 working days.
Travelling Directions: The site is located on the High Street in St Neots, located in between Barclays
Bank and Spec Savers and opposite Subway. Sat Nav postcode is PE19 1BU
Inspection: For more information or to book a viewing, please contact the sole selling agents “Sell New
Group”. Please ask for Suzie for your private viewing tour. 
Health And Safety: Anyone accessing the site does so at their own risk and should have adequate
public/employers' insurance in place beforehand, as well as appropriate protective clothing and
footwear.
Disclaimer: Sell New Group are acting Selling Agents for the vendors of this property. Your conveyancer
is legally responsible for ensuring any purchase agreement fully protects your position. We make
detailed enquiries of the vendor to ensure the information provided is as accurate as possible. Please
inform us if you become aware of any information being inaccurate.
On reservation, Sell New Group will require:
 A copy of the purchaser's ID (Driving licence or passport)
 Proof of funding/cash
 £5000.00 Non-refundable reservation fee is to be paid to our client (Longshen Properties Ltd) to
secure this property, on the basis of a strict 8 week completion deadline, and the property
comes off the market once received; this fee is to be deducted from the overall agreed purchase
price.

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