For Sale by Auction on 23rd November 2023, Freehold High Level Water Tower, Ashlawn Water Tower, Off Ashlawn Road, Rugby, CV22 5QE

For Sale by Auction on 23^rd November 2023

The property is believed to have been constructed in 1934 and is situated within open fields and approached off Ashlawn Road.  It comprises a circular reinforced concrete cyclindrical core upon which sits a large drum shaped water container in two sections.

The central core contains an access staircase with door at ground level, and there is a ring of 12 reinforced concrete columns set around the edge supporting the drum. Notes indicate that the drum capacity is circa 500,000 gallons.

On the top of the tower are a number of telecommucation masts.

The tower sits within a fenced and grassed site of approximately 0.40 hectares (0.99 acres).

We understand that utility services including water, telecoms and electricity are available on site and gas is available 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. We further understand there is asbestos within the construction of the water tower and as such there will be no internal viewings of the property. 

Location

Accommodation

Size - approximately 0.40 hectares (0.99 acres).

Terms

Tenancy - The site is let to by way of two separate leases to telecommunication companies and produces approximately £31,000 per annum.

Planning - Rugby Borough Council (01788 533533) www.rugby.gov.uk

Tenure - Freehold

Guide Price - £95,000

Specification

• By order of Severn Trent Water
• Freehold high level water tower on a site overlooking open countryside
• Edge of town location with new development close by
• 0.40 hectares (0.99 acres)
• Income from communication aerials producing approximately £31,671.51 per annum
• This Lot will not be sold prior to auction