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INTRODUCTION: 

The original yard was built in the 1870s by Prince Soltykoff as part of his Kremlin Stud, and became a training yard when owned by the Macdonald-Buchanan Family and leased by Luca Cumani. Kremlin Cottage has an enviable record in producing winners at group and listed level, including Derby Winners; High Rise and Kahyasi and, under Hugo Palmer's ownership; Aktabantay, Afandem, Best of Days, Gifted Master, Home of the Brave, New Providence, Covert Love, Galileo Gold, Hawksmoor, Unforgettable Filly and Ebro River among many other winners.

As well as training a huge number of winners, Hugo Palmer has added considerably to the property, to combine all the charm of a Victorian yard with the functionality of modern barns and every technical facility.

For the last two years Kremlin Cottage Stables have been let to James Ferguson, who has continued to reinforce the reputation of the yard winning a number of Group and Listed races .

SITUATION: 

Kremlin Cottage Stables is only 500 metres to the Severals via the Fordham Road horsewalk, which is accessed from the main gate, and a short walk on to Warren Hill.

DESCRIPTION: (Numbers refer to the block plan)

  1. Kremlin Cottage - An attractive cottage of gault brick and knapped flint under a slate roof. The ground floor has a dining room, kitchen, orangery, sitting room, utility room, boot room, WC and large cellar. On the first floor there is a self-contained kitchenette, sitting room (giving the capacity for 3 bedrooms), bedroom and WC . There is also an additional bedroom and bathroom. The lawned, south facing garden is enclosed by a hedge and young trees.
  2. Cottage - Knapped flint to around 9 feet with red brick above. On the ground floor; a kitchen, sitting room, boiler room. On the first floor; 2 bedrooms, an office (which could be used as a bedroom) and a shower room.
  3. The Original Yard - A traditional courtyard of 6 boxes with heat lights, Equilux lighting, tack room, blanket store, feed room and WC. Above there is a large loft area used as storage and a drying room.
  4. A pair of timber boxes, a farriery store and a pair of brick boxes.
  5. Feed room.
  6. A barn of 15 boxes with heat lights and a salt therapy chamber and loading ramp to one side.
  7. Barn of 16 boxes with Equilux lighting and heat lights.
  8. Barn of 16 boxes with heat lights
  9. Barn of 16 boxes with heat lights.
  10. 8-bay horse walker.
  11. Lunge ring with diameter of around 14 meters with viewing platform.
  12. 6-bay horse walker.
  13. 2 offices, canteen and WC.
  14. Barn of 6 boxes with heat lights and Equilux lighting.
  15. Vet box clad internally with rubber matting.
  16. Yard of 4 boxes, with stairs leading up to racing tack room and store.
  17. Row of 4 boxes, a small barn of 4 boxes (2 of which are pony boxes currently used for storage), and a further small barn of 4 boxes.

In addition to grazing at the back of the buildings, there is a paddocked area of about an acre, with a field shelter.

GENERAL REMARKS:

Method of Sale: By private treaty.

Tenure and Possession: The property will be sold freehold, subject to the lease to James Ferguson Racing Ltd, expiring in September 2024, and then with Vacant Possession.  For the investor, the lease gives an excellent rate of return. For details of the lease contact the agent.

Utilities: Mains water throughout, although a balancing tank and a water pressure regulator pump have been installed by the seller.

The houses are all served by mains gas and have mains drainage.

The yard has gas cylinders and drains to a septic tank.

Energy Performance Certificates and Council Tax:

Kremlin Cottage:

EPC Band - E

Council Tax Band- D (£2,205.92 payable 2024/25)

Head Lad's Cottage:

EPC Band - C

Council Tax Band - B  (£1,715.72 payable 2024/25)

Planning: There is lapsed planning permission for a new house in the paddock area (Reference F/2008/0729/FUL). There is also lapsed planning consent for an equine spa and treadmill (Reference DC/18/0586/FUL).

Gallops: Access to the Gallops is arranged through Jockey Club Estates (01638 664151).

Rights of Way: There is a right of way in favour of Prestige Place over part of the drive.

Local Authority: West Suffolk Council, West Suffolk House, Western Way, Bury St. Edmunds, Suffolk IP33 3YU, Tel: 01284763233

Business Rates: The rateable value is £77,000. The rates payable for 2024/25 are payable at 54.6 p in the £, however subject to substantial transitional relief.

Title: The property is sold in two titles; Kremlin Cottage (SK262392) and Kremlin Cottage Stables (SK340280).

VAT: VAT will be charged on the sale of the yard. Please note that stamp duty land tax will be applied to the sale price of the yard plus VAT.

Viewing: Strictly by appointment with agents Windsor Clive International 01672 521155.

Directions: From the Clock Tower take the Fordham Road, turn right onto Snailwell Road, Kremlin Cottage Stables is approximately 50 yards on the right. Use the entrance shared with Prestige Place.

Postcode: CB8 7DP

Windsor Clive International - Specialist firm of chartered surveyors

+44 (0) 1672 521155