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For Sale by Auction on 19th September 2024, Freehold Landmark Water Tower, Overleigh Water Tower, Off Overleigh Road, Chester, CH4 7NN

0.57 acres / Other

Sold - Last updated: 19 September 2024

For Sale by Auction on 19th 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
www.gridreferencefinder.com

Accommodation

Size - 0.231 hectares (0.57 acres)

Terms

Tenancy - The roof top telecoms mast is let to EE Limited for a term commencing 30/10/1998 at a rent of £XXX 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

Tenure - Freehold

Guide Price - £XXX

Specification

  • By order of Severn Trent Water
  • Freehold disused landmark water tower
  • 0.231 hectares (0.57 acres)
  • Residential location
  • Includes telecoms mast producing £XXX per annum
  • Vacant possession


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