Lambert Smith Hampton is selling seven former reservoir sites on behalf of Severn Trent Water by online auction on 5th October 2017.
The sites, which are located in Gloucestershire, are up to 1.1 acres in size and boast a variety of views of farmland and open countryside and proximity to village settlements.
Guide prices for the sites are between £1,000 and £20,000 and, subject to planning permission, they would be suitable for conversion to residential use. All are sold with vacant possession.
All planning permission sought on Severn Trent Water reservoir properties purchased in February 2016’s online auction has been granted, including plans for a riding stable, a one storey and a two storey dwelling.
Oliver Childs, national head of auctions for Lambert Smith Hampton, explains: “Following the success of 2016’s online auction for above ground former reservoirs, Severn Trent Water has packaged up another portfolio of similar assets for entrepreneurial investors with potential for other uses subject to consents.
“Quirky sites that are difficult to value sell well at auction. LSH’s robust online auction platform provides Severn Trent Water with transparency and open competition, ensuring that interested parties have a fair and equal opportunity in purchasing the asset.”
How the LSH online auctions service works:
Bidding opens: 09:00 04 October
Bidding closes: Staggered from 14:00 05 October
- Pre-registration will be required in order to bid, together with a hold on funds payable as a deposit on a credit card (typically no more than £5,000 per site).
- If a bid is received within the last minute of the sale period, once this minute has expired, a new minute window will appear and immediately after a new bid is received thereafter, the bidding period will be immediately extended by another minute – and so on until no more bids are received.
- The site will be sold to the highest bidder at or above the reserve price.
- Completion period is 20 business days
LOTS AVAILABLE IN OCTOBER 5TH AUCTION
Little Tor, Wotton-under-Edge, Gloucestershire
0.084 acres (0.034 hectares)
Spectacular views
Rural hill top location part accessed by a single lane track
1/4 mile from village centre
Ruardean Hill, Drybrook, Gloucestershire
0.53 acres (0.214 hectares)
Neighbourhood setting next to residential properties
Eastcombe, Stroud, Gloucestershire
0.32 acres (0.129 hectares)
Hill top location
Far reaching views
Includes pump house and reservoir
1/4 mile from village
Coscombe, Winchcombe, Gloucestershire
3,767 sq ft (350.00 sq m)
Cotswolds location
1/2 mile from village
For more media information contact:
Louie Hadley, ORION PR:
