Lot 05 Former Cloudesley Bush Reservoir Site, Mere Lane, Rugby, CV23 0RT

Bidding Closed

SOLD FOR

£140,000

Property Enquiries

Simon Riggall

simon.riggall@bidx1.com
+44 (0) 7732 681 151

Viewing/ Registration Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Sam Chadwick

sam.chadwick@dwf.law
+44 (0) 333 320 2220
Description
Map
Viewings

Addendum
The Contract has been amended to provide for a conditional contract with a three-month-Long Stop Date from the Contract Date. The additional time is required to enable the seller to relocate an antenna situated on the seller's Retained Land but which overhangs the Property. The antenna is a radio link between the Cloudesley Bush main pump and the Newbold pump and feeds the mains pressure information back from the Cloudesley Bush pump to the Newbould pump. This then dictates whether the pumps need to slow down to reduce the mains pressure, speed up to increase it or stay the same. It is a constant communication between the two pumps to ensure that the quick reactions needed to maintain set pressure in the mains is upheld. The seller will relocate the antenna to another position within the Retained Land to prevent the same overhanging the Property and the Transfer now contains a restrictive covenant on the part of the buyer not to erect any new building or structure on the Property or make any external alteration or extension to any existing building or structure which may interfere with the radio link between the two pumps unless such plans and specifications showing the design layout and elevation of the works have first been approved by the seller (such approval not to be unreasonably withheld or delayed). Should the seller not relocate the antenna by the Long Stop Date, either party may terminate the Contract and any Deposit paid under the Contract will be returned to the buyer by the seller.
Property Summary
  • By order of Severn Trent
  • Freehold vacant former booster pumping station and DSR
  • 0.067 hectares (0.165 acres)
  • This Lot will not be sold prior to auction
Tenure

Freehold

Location

The village of Monks Kirby is located approximately 7 miles south east of Hinckley, 15 miles south west of Leicester and 7 miles west of Lutterworth.  The property is situated on the south side of Mere Lane, close to the junction with the historic Fosse Way. The property lies alongside and is accessed directly off Mere Lane.

The approximate position of the property can be located as follows:
Grid Reference: SP46 2863
www.gridreferencefinder.com

Description

The property comprises a former booster pumping station and DSR within a roughly rectangular, level fenced site of approximately 0.165 acres (0.067 hectares) fronting the road and with open fields on three sides.

We understand that utility services including water, electricity and telecoms are located in close proximity to the site.  Interested parties should refer to the legal pack and make their own enquiries to satisfy themselves on the availability of any service.

Accommodation

Note: Interested parties should read the legal pack for further information relating to easements and overages, for example, that may be applicable to the site.

Planning

Dalcour Maclaren have provided an independent planning appraisal for the site that can be downloaded from the legal pack.  Part of their Executive Summary states:

"The existing structures afford the site the benefit of the status of previously developed land (PDL) within the Green Belt.  Green Belt policy supports the partial or complete redevelopment of previously developed land where the openness of the Green Belt is not harmed, which is positive for options for this site. The potential land use options considered within this appraisal have been identified as according with Green Belt policy and also accord with several of the Local Plan Policy objectives covering environmental, social and economic targets.
Four potential uses have been identified:
- Creation of a residential dwelling or live/work unit either through conversion of the existing buildings/structures or demolition of the existing and construction of new
- Part or full conversion of the existing structures for non-residential use
- Creation of industrial units or general storage following demolition of the existing
- Release to other utility providers (eg. telecoms, power, other water company)
The site is considered suitable for small scale development defined within the footprint of the site.  The presence of the Green Belt designations offers opportunities for imaginative design for either a conversion or redevelopment proposal."
The above is for information purposes and should be read in conjunction with the full report contained within the legal pack.  Further enquiries should be directed to Rugby Borough Council www.rugby.gov.uk

VAT
VAT Not Applicable.

*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,250 (inclusive of VAT) charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,750 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All lots sold “Subject to Vendor Confirmation” will be subject to the acceptance and confirmation by the Vendor. The highest bid will be presented to Vendor, the vendor will have to either accept, decline or make a counter offer the highest bid within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising the offer the Vendor is willing to accept. The Highest Bidder will have to either accept or reject the Vendor’s counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.


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