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
Lot information
Land/Development
Auction details:
Tuesday 10th September 2019 @ 10:30AM
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.DISCLAIMER
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
LIVE-STREAMED AUCTION
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*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
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The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
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 has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. 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.
