For Sale5 Bedroom House in Fordham Road, Newmarket, Suffolk, CB8 7AA£4,000,000

*INVESTMENT OPPORTUNITY* Located in the heart of Newmarket, a rarely available and impressive site of approximately 3.76 acres (1.5 hectares). An exciting investment opportunity with further development potential. The whole site extends to 1.52 ha (3.76 acres) and comprises three existing residential properties with monthly income of £14,990 and a parcel of land approximately 0.51 ha (1.27 ac) with development potential. The whole site extends to 1.52 ha (3.76 acres) in total which includes a parcel of land with development potential, and three existing residential properties. The three existing properties are known as: Louisville House (0.555 ha / 1.37 ac). A substantial detached former convent building with five large bedrooms. An annexe to the house comprises of two mid terrace 2 bed bungalows and planning for a further two end of terrace 2 bed bungalows. Currently, the main house achieves £4,000pcm with bungalow 1 let at £1,280pcm and bungalow 2 £1,280pcm. £6560pcm total. Sussex Lodge (0.131 ha / 0.32 ac). A former stable block arranged as three separate residential dwellings. 1 Sussex Lodge (4 unit HMO)achieves £2,500pcm. 2 Sussex Lodge is let at £1,350pcm. 3 Sussex Lodge (6 unit HMO) achieves circa £3,500pcm. £7,350pcm total. Colmar Cottage (0.252 ha / 0.62 ac) A detached two?bedroom cottage that is currently let to a long?term tenant at £1,080pcm. The total income is in the region of £14,990pcm The site was previously used as the facilities and residential accommodation of a Convent. The properties are currently tenanted. View payable Stamp Duty for this property