Auction
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Ashlawn Water Tower, off Ashlawn Road nr Rugby, Rugby, CV22 5QE

  • Auction
  • Lot 6
  • United Kingdom
  • Land/Site
  • Residential

Sold for £221,500

Property Summary

  • By order of Severn Trent Water
  • Freehold high level water tower on a site overlooking open countryside
  • Edge of town location with new development close by
  • 0.40 hectares (0.99 acres)
  • Income from communication aerials producing approximately £31,671.51 per annum
  • This Lot will not be sold prior to auction

Contact Us

Simon Riggall
Simon Riggall
Property Agent, here to help.
Conveyancing Team
Vendor's Solicitor

Contact Us

Simon Riggall
Simon Riggall
Property Agent, here to help.
Conveyancing Team
Vendor's Solicitor

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Property description

The property is believed to have been constructed in 1934 and is situated within open fields and approached off Ashlawn Road.  It comprises a circular reinforced concrete cyclindrical core upon which sits a large drum shaped water container in two sections.

The central core contains an access staircase with door at ground level, and there is a ring of 12 reinforced concrete columns set around the edge supporting the drum. Notes indicate that the drum capacity is circa 500,000 gallons.

On the top of the tower are a number of telecommucation masts.

The tower sits within a fenced and grassed site of approximately 0.40 hectares (0.99 acres).

We understand that utility services including water, telecoms and electricity are available on site and gas is available in the public highway. Interested parties should refer to the legal pack and make their own enquiries to satisfy themselves on the availability of any services. We further understand there is asbestos within the construction of the water tower and as such there will be no internal viewings of the property.

 

Location

Rugby is a historic market town in Warwickshire with a population of around 100,000.

The town lies 80 miles north of London, 30 miles to the southeast of Birmingham and 11 miles from Coventry.. The town enjoys excellent communications lying alongside the M1 (Junction 18) just to the north of the M45 and just to the south of the M6.  The town is a popular location for logistic and warehouse development.

Rugby lies on the west coast main rail line and both Birmingham and Coventry Airports are within easy reach.

The property lies on the southern edge of the town and fronts Ashlawn Road, close to its junction with Barby Road.

The approximate position of the property can be located as follows:
Grid Reference: SP506729
www.gridreferencefinder.com

What3words.com stared.form.stars

Tenancy

The site is let to by way of two separate leases to telecommunication companies and produces approximately £31,000 per annum.

Planning

Rugby Borough Council (01788 533533) www.rugby.gov.uk

Tenure

Freehold

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.

External viewing of the site may only be undertaken using public rights of way or by appointment with BidX1. Please do not trespass onto adjoining land owned by our client’s neighbours.

VAT

Please refer to Legal Documents

Helpful links

*Terms & 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 £1,295 (inclusive of VAT) for all properties up to £49,999, and £2,400 (inclusive of VAT) for all properties £50,000 and above 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 £4,795 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 acceptance and confirmation by the Vendor. The highest bid will be presented to the Vendor, the Vendor will have to either accept, decline or make a counteroffer, within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising of the offer the Vendor is willing to accept. The Highest Bidder will be obliged to 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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