North Nibley DSR, Wotton Road (B4060), North Nibley, near Dursley, GL11 6DT
+44 (0) 7732 681 151
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BidX1 Support Team
+44 (0) 20 7703 4401
+44 (0) 333 320 2220
By order of Severn Trent
Former covered reservoir
Elevated location with extensive views
This Lot will not be sold prior to auction
The attractive Cotswold village of North Nibley lies on the route of the Cotswold Way beneath the Tyndale Monument, between the pretty market towns of Wotton-Under-Edge and Dursley. The M5 motorway runs a short distance to the west. Nearby Stinchcombe Hill has become popular with walkers and horse riders, and is crossed by the Cotswold Way. The Tyndale Monument stands on Nibley Knoll just above the village, and enjoys panoramic views of both the Severn Bridges and beyond to the Black Mountains in Wales. The property occupies an elevated position and is accessed via the foot/horse/cycle way that leads off New Road/Wotton Road, close to the popular Black Horse Inn, up to the Tynedale Monument and Cotswold Way.
The property comprises a former covered reservoir occupying an elevated location and enjoying extensive views out across the village to the hills beyond. The site is grassed and well fenced and extends to some 0.23 acres (0.093 hectares).
We understand that utility services including electricity, gas and telecoms are located in the public highway. Water is located within the site boundary. Interested parties should refer to the legal pack and make their own enquiries to satisfy themselves on the availability of any service.
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.
Dalcour Maclaren have provided a Planning Technical Note on the redevelopment potential of Distribution Storage Reservoirs. This can be downloaded from the legal pack. Part of their Summary states:
"There are a number of options available for the re-use or re-development of DSR sites. Whilst this will required detailed assessment on an individual site basis, most sites could benefit from the designation of "previously developed land" and so can offer the principle of redevelopment for appropriate alternative uses."
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: Gloucestershire County Council www.gloucestershire.gov.uk
VAT Not Applicable.
North Nibley DSR, Wotton Road (B4060), North Nibley, near Dursley, GL11 6DT
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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.
The reserve price is the minimum price at which the property can be sold at auction.
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.
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).
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.
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Please note that Lots may be sold or withdrawn prior to auction.
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