Felsted Water Tower is situated to the north of Felsted Village centre off Garnetts Lane, close to the renowned Felsted School founded in 1564. The Water Tower stands on a relatively square parcel of land and is accessed by a strip of land (marked blue on the location plan).
The Water Tower has views towards open countryside to the north and the sellers have provided a letter confirming the Local Planning Authority would consider the development of the site for two houses, subject to all necessary plans being submitted. Further details will be available in the legal pack.
Site Measurements The site extends to 0.07 hectares (0.18 acres).
Tenancy The land and structure are currently let to Cornerstone Communications Infrastructure Limited on a commercial lease for a period of 15 years from 1st December 2015 with a current rent payable of 15,000 per annum. Further information will be available within the legal pack.
Local Planning Authority Uttlesford District Council. Website: uttlesford.gov.uk. Tel: 01799 510510.
Auctioneer's Note The Auctioneers have been informed that the land surrounding the Water Tower has outline planning for the erection of 70 houses.
Viewing Prospective purchasers are requested to view strictly externally 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 the 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 www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
*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 www.cliveemson.co.uk/buyers-fees/
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