Lot 17

FREEHOLD DISUSED WATER TOWER AND MAST INVESTMENT

Aston Water Tower, Aston End Road, Aston, Stevenage, Hertfordshire, SG2 7ED
Aston Water Tower, Aston End Road, Aston, Stevenage, Hertfordshire, SG2 7ED
Sold £190,000

Currently let at £9,000 per annum

Aston Water Tower is situated on the east side of Aston End Road opposite Brookfield Farm, just south of the junction with Long Lane and Brookfield Lane which is to the east of Stevenage town centre and the A1M. The water tower stands on a relatively square parcel of land and has been accessed via a gated strip of land (marked brown on the location plan).

The tower has views towards open countryside and has potential for alternative uses, subject to all the necessary consents being obtainable.

Site Measurements

0.07 hectares (0.17 acres).

Tenancy

The land and structure are currently let to EE and BT for telephone masts. EE hold a commercial lease which is holding over at a current rental of £7,500 per annum. BT have served a Notice to Quit which expires towards the end of 2019 and are currently paying £1,500 per annum.

Local Planning Authority

East Herts Council. Tel: 01279 655261. Website: eastherts.gov.uk

Viewing

Strictly external only, owing to the nature of the telecoms equipment in place.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/