Induna Stables

Introduction

Induna Stables is being offered for sale as a result of Chris Wall's decision to retire from training. This well placed yard on the Bury Side has direct access to gallops via the Rayes Lane horse walk. It is perfect for the trainer wishing to operate from a base that does not require further investment.

Location

On the Bury Side, about half a mile up the Fordham Road , Induna Stables is well located. With its own access to the Rayes Lane extension horsewalk, its takes 12 minutes to get to the Severals on a horse.

Newmarket is the headquarters of British horseracing and is the largest racehorse training centre in the country with facilities that include 2,500 acres of gallops and two racecourses. Newmarket is also home to Tattersalls, Europe's leading Bloodstock Auctioneers; outstanding veterinary practices and equine hospitals; farriers and services for every aspect of racehorse training and breeding. There is excellent access to the A14 and A11 (M11) - Stansted Airport is 32 miles away and Cambridge and Ely have direct trains to London.

History

Part of the original Kremlin Stables, Induna was purchased from Teddy Lambton in 1969 by Jeremy Hindley, who added to the yard and built the trainer's house. Under Hindley's ownership the yard produced many good horses in the 1970s, including: The Go-Between, (Cornwallis Stakes, 1972); Some Hand (Prix de Meautry, 1972); Blessed Rock (Hyperion and Seaton Delaval Stakes, 1973); Northern Princess (Ribblesdale Stakes 1974); and Coed Cochion (Queen Alexandra Stakes 1976).

The current owners, Chris and Carole Wall, purchased the property in 1992 and have had success winning The Prix de l'Opera in 1996, the Yellow Ribbon Stakes at Santa Anita and the Matron Stakes at the Curragh, all with Donna Viola. Missed Flight, Premio Loco and Double or Bubble provided other notable Group successes. The Walls have continued to run Induna very efficiently and have enjoyed much success in Group and Listed Company over the last 30 years.

Description

Carefully developed and maintained by the Walls for the past 30 years, Induna Stables is a compact and proven training yard in turn key condition. Comprising 62 boxes in both traditional stables and barns, it is well placed on the Fordham Road to access the Bury Side training grounds. The yard is well equipped with paddocks and other facilities and the trainer's house, previously a pair of bungalows also contains the office and a reception area for visiting owners.

Accommodation

Originally a pair of bungalows, Nos. 1 and 2 Induna Stables have been occupied as an office and single dwelling in recent history. Accessed over a lawned garden with mature flower beds, the house is 2,286ft2 and is a Colt house of timber construction under a tiled roof. It has been well maintained, with the windows being completely replaced in the last few years.

The entrance is into a good-sized office with its own kitchen facilities, eventually leading to a sitting room with French doors to a terrace. There are three bedrooms and two family bathrooms. Beyond is the kitchen, dining room and utility room.

If necessary, it would be simple to divide the house to recreate a pair of cottages.

By the entrance is the former garage, now a store, which should be possible to turn into the trainer's office if it needs to be separate from the house.

The Yard

The spacious car park, with a loading ramp and room for 20 vehicle, leads to the yard accessed through a gated entrance. The main yard has a grass island at its centre with two mature cherry trees.

Numbers refer to the block plan below:

1. Trainer's house and office (1 & 2 Induna Stables).

2. Store and Garage.

3. 20 timber boxes on brick plinths with felt roofs with cowls. Veterinary box in the near corner.

4. L-Shaped range of 4 timber boxes.

5. 10 timber boxes on block plinths, with UPVC windows under a clay tiled roof.

6. Building of block and render, housing the main tack room, laundry room, racing tack and head lad's rooms. Storage loft above.

7. 'Millionaires' Row' with 4 block boxes, with stone glazed mangers and drinkers, under a clay tiled roof and with UPVC windows.

8. Building of block and render, housing on one side: Feed room with grain bin above, and staff room. On the far side: WCs, tractor shed and tool store. Outside there is a diesel tank of 2,500 litres capacity.

9. Barn of block and cladding with 10 boxes and loft.

10. Barn of block and cladding with 9 boxes and loft.

11. Pair of timber boxes on brick plinths, under a felt roof.

12. 3 Scott's timber boxes and store.

13. 4 bay covered horse walker.

14. Lunge ring.

15. Trotting ring of around 190 metres with sand and rubber surface, surrounding 4 small paddocks.

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General Remarks

Method of Sale: For sale by private treaty.

Tenure and Possession: Vacant possession is available upon completion.

Title: The property is held in three titles; SK114225, SK114224 and SK348142.

Planning: Planning consent for the bungalows was gained in 1975 as 'bungalows with garages for staff'. Planning consent F/83/716 for change of use to a private dwelling was granted for 1 Induna Stables, meaning that number 2 remains subject to the occupancy restriction.

Overage Provision: The Overage clause is triggered on any occasion during the Overage Period of 30 years (calculated from Completion) that planning approval for residential or commercial development is granted on part or the whole of the property other than in connection with its existing use as a training yard. The Overage payment (30% of the resultant uplift in value) will be payable upon implementation of the planning consent or upon a sale or other disposal to a third party (whichever is sooner).

Services: Mains electricity, water and drainage. Oil fired central heating.

Energy Performance Certificates:

1 & 2 Induna Stables—Band D

Council Tax:

1 Induna Stables - Band B £1,630.72 Payable 2023/24

2 Induna Stables - Band B £1,630.72 Payable 2023/24

Local Authority: West Suffolk Council https://www.westsuffolk.gov.uk/

Business Rates: The rateable value from 1 April 2023 is £42,500. The current small business rates multiplier is 49.9p/£. Rates payable for 2024/4 of £21,207.50

VAT: It is understood that none of the property is elected for VAT, although should any sale of the property, or any right attached to it, become a chargeable supply for the purposes of VAT, such tax shall be payable by the buyer in addition to the contract price.

Boundaries, plans, areas, schedules and disputes: The Boundaries are based on the Ordnance Survey and are for reference only. The Purchaser will be deemed to have full knowledge of the boundaries and any error or mistake shall not annul the sale or entitle any party to compensation thereof. Should any dispute arise as to the boundaries or any points arise on the general remarks and stipulations, particulars, schedules, plan on the interpretation of any of them, such questions shall be referred to the selling agents whose decisions acting as an expert shall be final.

Fixtures and Fittings: The fixtures, fittings and equipment may be available to purchase at a reasonable valuation; however they are not necessarily included in the sale of the property.

Gallops: Arranged through Jockey Club Estates Tel. 01638 664151 https://jockeyclubestates.co.uk/ Induna Stables has its own access to the Rayes Lane Extension Walkway, the walkway is owned by the local authority and maintained by the seller.

Viewing: To be arranged strictly with the agents, Windsor Clive International. Tel 01672 521155

Directions: From the Clock Tower roundabout in Newmarket, take the Fordham Road (A412) north. Induna Stables is half a mile on left.

Postcode: CB8 7AQ

Photographs taken March 2023

Particulars prepared April 2023