Lot 3 - Posenhall Reservoir, Benthall Lane, Posenhall, Broseley, Shropshire, TF12 5BD

Upon Instructions of

  • Freehold covered reservoir site
  • Potential for alternative use
  • 0.37 acres (0.15 hectares)
  • Vacant possession

Details

Location

Broseley is located 15 miles south-east of Shrewsbury, 9 miles south-west of Telford and 20 miles west of Wolverhampton. The property is approximately one mile to the west of Broseley at Posenhall in a rural setting on the north side of Benthall Lane close to the intersection with Wyke Lane.

Description

The property comprises an earth covered, above ground redundant reservoir constructed of reinforced concrete that would offer strong potential for innovative conversion to alternative uses, including ‘Grand Design’ style conversion to residential or holiday accommodation use.

The site is not located in Green Belt or an Area of Outstanding Beauty, nor is it affected by a statutory nature conservation or heritage designation. The site area is approximately 0.37 acres (0.15 hectares).

Tenure

Freehold.

Planning

The Government has demonstrated through recent changes to the planning system that it is an enthusiastic supporter of the custom and self-build sector. There is now recognition within national planning guidance of the growing demand from the self-build sector for improved access to opportunities to undertake self-build projects, which will include conversion of existing buildings and structures, often exhibiting innovative and ground-breaking design solutions.

Over recent years a growing number of examples from across the UK of high quality conversions have captured the public imagination and inspired more and more people to become involved in realising their own ‘Grand Design’ ambitions. One-off, bespoke solutions are now increasingly gaining planning consent, even in areas often constrained by planning policy. Through the Self-Build and Custom Housebuilding Act 2015 the Government recognises that custom build can be an affordable way to home ownership that provides an opportunity to own a bespoke, sustainably designed and high quality home.

National planning guidance encourages outstanding and innovative design and cautions local planning authorities against stifling innovation, originality and initiative. National and local planning policies also provide support for sympathetic, sustainable rural tourism enterprises as well as general support for the sustainable growth and expansion of all types of business and enterprise in rural areas, including through the conversion of existing buildings.

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

An example of a recent former Severn Trent reservoir which has gained planning consent for conversion can be found here.

Planning Authority

Shropshire Council (0345 678 9004) www.shropshire.gov.uk.

VAT

VAT is not applicable to this lot.

Energy Performance Certificate

No EPC required.


Contact

Seller's solicitor

Eversheds Sutherland (International) LLP Claire How
0121 232 1284
clairehow@eversheds-sutherland.com

Joint auctioneers

Capita (Cameron Benge)
020 7544 2120
cameron.benge@capita.co.uk

*Reserve not to exceed

The reserve is the minimum amount the Seller will currently accept. This figure does not represent a valuation nor does it reflect the likely sale price. It is subject to change, upwards or downwards.

Administration Fee

The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT. Other additional costs/fees may apply - Click here.

Sold for £48,000

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Reserve not to exceed:
£20,000
Related Documents

Agreement Documents

The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT. Other additional costs/fees may apply - Click here.