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No longer on the market

This property is no longer on the market

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Overleigh-water-tower-chester-ch4-7hn detail 02-30

Land

Auction
Land
Added > 14 days

Key information

TenureAsk agent
Council taxAsk agent
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Features and description

  • By order of Severn Trent Water
  • Freehold disused landmark water tower
  • 0.231 hectares (0.57 acres)
  • Residential location
  • Includes telecoms mast producing £10,181.04 per annum
  • Vacant possession
  • This Lot will not be sold prior to auction
  • Online Auction on Thursday, 19 September 2024

The property comprises an octagonal concrete water tower constructed by the Chester Water Works Co in 1935. The tower sits in a securely fenced level and largely grassed site of some 0.231 hectares (0.57 acres) with some rooftop telecommunication aerial equipment.

There is a separate single storey workshop building of approximately 20.80m (70 ft) x 7.6m (25 ft).

The site has gated vehicular access adjacent to 53 Overleigh Road, and to the rear the fenced boundary runs alongside Eaton Mews, a cul-de-sac residential development area.

We understand that utility services including water, electricity and telecoms are available on the site, and foul sewerage and gas can be found 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.


Location:

The wealthy Cathedral city of Chester lies alongside the River Dee in North West England close to the border with Wales.

The city has a population of approximately 90,000 and its wealth of Roman and medieval architecture makes it one of the UK's leading tourist as well as a retail destination.

The lifestyle has attracted a range of financial sector companies including Lloyds Bank, Bank of America, NFU Mutual, M&S Financial as well as the British Aerospace Airbus site.

The city lies alongside the M56 motorway and is a major road hub with M53, A41, A55 and the A483 as well as mainline rail services.

The property is located to the south of the city centre, upon the south side of the River Dee and is approached off the A483 Grosvenor Road linking Overleigh Road with the city centre.

The site is accessed via a gated access adjacent to 53 Overleigh Road, close to the Red Lion Inn.

The rear of the property has a long fenced boundary to Eaton Mews. The area is predominantly residential.

The approximate position of the property can be located as follows:
Grid Reference: SJ406652

What3words.com - pure.belt.hopes


Tenancy:

The roof top telecoms mast is let to EE Limited for a term commencing 30/10/1998 at a rent of £10,181.04 per annum.  Holding over.  The agreement can be terminated by either party giving to the other not less than 12 months notice.

25% of the rent received is payable to the Duke of Westminster which is currently accounted for on an annual basis. Please refer to the legal pack


Accomodation:

Note: Interested parties should read the legal pack for further information relating to easements, overages and restrictions on use, for example, that may be applicable to the site.

Viewing of a 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.


Online Auction on Thursday, 19 September 2024. For further information, such as legal documents and property information, please visit bidx1.com.
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About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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