Lime Tree Court, Saffron Walden

Offers Over £650,000

Commercial Property

Overview

Commercial Property for sale in Lime Tree Court, Saffron Walden

Lime Tree House is a vacant commercial premises with residential development potential. The property is an attractive, distinctive and substantial three storey property, in the heart of Saffron Walden, with a conservatory to the rear and an adjoining single storey outbuilding.

Key Features:

  • Freehold
  • Located in town centre
  • Vacant possession
  • Potential to redevelop the existing building to Residential (STP)

LOCATION Saffron Walden is an attractive and affluent commuter market town within Uttlesford District in rural North Essex. The town has a resident population of 15,000 and is a popular tourist destination due to its charm, character and wealth of medieval listed buildings.

The town is served by Audley End Station less than 3 miles away which provides a regular service to London's Liverpool Street in

approximately 55 minutes and Cambridge in approximately 20 minutes. By road the M11 can be accessed at junction 6 Bishops Stortford, Stansted airport is within 19 miles. The property is situated on Lime Tree Court, a courtyard location which is located off the prime retail pitch of King Street.  

DESCRIPTION DESCRIPTION
Lime Tree House comprises an attractive, distinctive and substantial three storey property, in the heart of the town centre, with a conservatory to the rear and an adjoining single storey outbuilding. The property is of traditional brick construction under a pitched roof with timber sash windows. The property comprises a former restaurant, with kitchen area in the basement, bar and seating area at ground floor, additional seating and WC's at first floor and ancillary accommodation at second floor. 1-6 Lime Tree Court, adjoing Lime Tree House, comprises a former indoor retail market comprising 6 units, which are now derelict and used as storage. The units are single storey and of brickwork construction under a pitched tiled roof. The units are built around a central atrium which is covered by curved polycarbonate roof. 1-6 Lime Tree Court is accessed from Lime Court with a right of way over a passage to the rear leading to Church Street. Lime Tree Court is accessed from King Street and there is car parking to the front of the properties. There are a number of rights of way benefitting adjoining premises over parts of the subject properties. The subject properties also benefit from a number of rights of way over adjoining premises. Further details can be provided on request.

PLANNING
Lime Tree House is Grade II Listed and lies within a conservation area. We consider that the site offers development potential for a number of uses, including residential, subject to necessary planning consents. Previous planning consents include the following:
10/07/2008 – Change of use of retail premises to residential, a six bedroom house (UTT/0838/08/FUL).
31/12/2009 – Demolition of 1-6 Lime Tree Court and erection of 2 No. 3 bedroom dwelling houses (UTT/1193/09/FUL).
Renewed 18/12/2012 (UTT/12/5519/REN).

TENURE
Freehold. Lime Tree House (edged red on the plan) and 1-6 Lime Tree Court (edged blue on the plan) are held under separate titles.

TENANCIES
The properties are being offered for sale with vacant possession on completion.

BUSINESS RATES
Lime Tree House is listed as a Restaurant and Premises with a rateable value of £29,500 and 1-6 Lime Tree Court is not listed.

VAT
It is our understanding that the property is not elected for VAT.

EPC
A copy of the EPC is available on request. 
Read more
Sorry! An EPC is not available for this property.

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