Former Water Tower & Land, Goldstraw Lane, Newark, NG24 3FD

Former Water Tower in Newark with Full Planning Permission for 13 Apartments, 10 Two Bed & 3 One Bed

Guide price*

£75,000

Plus fees

Sold for £165,000

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Finance available on this property

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Lot 30 Land/Development
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Auction details:

Tuesday 10th September 2019 @ 10:30AM

Holte Suite, Aston Villa FC, Trinity Rd, Birmingham B6 6HE

An iconic former water tower with Land. Full planning permission to convert existing water tower into 2 dwellings (apartments), with 11 additional new build apartments on the same site

Property Description

The premises consist of a 26 metre high former water tower which is situated on an 'L' shaped site of approximately 0.37 acres (0.15 hectares) or thereabouts. The water tower has approved consent to be converted into two apartments, with three further apartments on the proposed wings and a further eight apartments within the two new courtyard blocks on the site with 19 car parking spaces.

Location

The water tower is situated on the site of the former Balderton Hospital, fronting Goldstraw Lane, one of the main estate roads opposite Rubys Walk, in the heart of the popular Fernwood residential development. Fernwood is located approximately 2 miles south of Newark. Newark is an historic market town and is located approximately 19 miles north east of Nottingham. The town is served by the A1, A46 and A17 trunk roads and rail services via the east coast main line to London.

Energy Performance Rating

G - Commercial.

Tenure

Freehold – Vacant possession upon completion.

Planning

Planning approval was approved on 7th September 2018 by Newark and Sherwood District Council Planning Department under application number 18/00474/FULM for the conversion to two apartments, with three further apartments on the proposed wings and a further eight apartments within the two new build blocks on the site with 19 car parking spaces. We are informed that there are no Section 106 or CIL payments to be made in relation to the planning and there are no affordable housing requirements.

Auctioneers Note

At the time of going to print, the Auctioneers were unable to inspect the water tower internally.

Viewings

External viewings only.
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REMOTE BIDDING AUCTION

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*DEFINITION OF GUIDE & RESERVE PRICE

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COSTS AT AUCTION

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Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’.  Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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