Land at Uppingham Service Reservoir, Stockerston Road, Oakham, Rutland, LE15 9HJ
Guide Price* : £20,000
Upon Instructions of
- Freehold covered reservoir site
- Potential for alternative use
- 1.33 acres (0.54 hectares)
- Let to an individual on an informal basis
The property comprises an earth covered, above ground redundant reservoir 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 1.33 acres (0.54 hectares). The property is situated on the north side of Stockerston Road (B664), about 0.5 miles to the west of Uppingham. There is a right of access through an adjoining field from the public highway to the site. Please see the viewing arrangements, as these will be strictly by appointment.
The approximate position of the property can be located as follows:
Grid Reference: SP850990
Miles: Corby 9 miles, Market Harborough 13 miles
Roads: A47, A6003
The Government has demonstrated through the planning system that it is a keen supporter of the custom and self-build sector. There is 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. The recent Housing White Paper, signals the government’s continued support for custom and self-build housing and the role it can play in helping deliver housing that people want.
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, and more recently the Housing White Paper, 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.
Examples of other former Severn Trent DSR’s which have gained planning consent for conversion can be found here at http://stwreservoirs.co.uk/case-studies
The property is currently occupied by Mr Noakes, who occupies the property on an informal basis following the expiry of a farm business tenancy on 31 March 2016. Negotiations are ongoing with Mr Noakes to put a new farm business tenancy in place to expire on 31 March 2018.
Rutland County Council (01572 722577) www.rutland.gov.uk
There is a link to the Legal Pack on this page. All buyers are advised to read the legal pack prior to the auction and to seek independent legal advice in relation to this. The legal pack includes information on the rights and reservations affecting the site, as well as any overage and easements that may be applicable.
In order to bid you will be required to provide proof of identification, proof of address and source of funds before being authorised to bid.
We will also take a hold on funds from your bank card of £4,000 before you can bid.
Please see our Online Bidding and Registration Guide for further information, but note that as soon as you enter your debit or credit card, the hold on funds will be taken and this amount on your card will be "reserved" for this potential transaction and the amount will be deducted from the balance of your bank account.
We recommend you enter your debit or credit card from 7 days before the auction date, to avoid the £4,000 payment being processed and the funds being "reserved" and held by our Sagepay provider unnecessarily.
Registration for bidding will close at midday on 29 November, after which we cannot guarantee giving you permission to bid at the auction.
A Glossary of some common auction terms and an explanation around them to assist you with your purchase can be found here.
Refer to the legal documentation
Energy Performance Certificate
No EPC required
0121 232 1284
020 7518 3242
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Sold for £67,000
This auction lot is now closed.
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The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT on purchases of £20,000 and above and £240 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton April 2020
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.