The Offer

Capita Real Estate and Lambert Smith Hampton are offering 5 former (now redundant) Severn Trent Water District Reservoirs for sale through a unique online auction.

The sites contained within this on-line auction represent exciting development opportunities in sought after rural locations in the Malvern Hills, Derbyshire Dales, South Derbyshire and Shropshire. They comprise covered reservoirs and ancillary on-site buildings, which are now redundant on sites varying in size from 0.08 hectares (0.19 acres) to 0.2 hectares (0.49 acres). The reservoirs themselves are earth covered, above-ground structures 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. None of the sites are located within Green Belt or an Area of Outstanding Beauty, or is affected by a statutory nature conservation or heritage designation.

The sale of these sites represents an exceptional opportunity for self-build buyers seeking an unusual and noteworthy plot in an enviable location.

The sites are listed below:

  Site name County Whole / Part Size
(Acres)
Guide
Price
Sold
For
1 Melbourne Common Derbyshire Whole 0.27 £15,000 £85,250
2 Melbourne, Bog Lane Derbyshire Whole 0.47 £25,000 £221,500
3 Stonehall Reservoir Worcestershire Whole 0.20 £10,000 £97,000
4 Posenhall Reservoir Shropshire Whole 0.37 £20,000 £48,000
5 Hackney Reservoir Derbyshire Whole 0.49 £25,000 Withdrawn

Online Auction Concept

Lambert Smith Hampton (LSH) acting for Capita Real Estate on behalf of STW are pioneers of the new online property auction market. Their team of Auctioneers have between them over 100 years' experience running traditional ballroom property sales and over the past 3 years have sold on average 89% of all assets offered under the hammer.

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Planning Context / Potential

"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...

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Lambert Smith Hampton

Oliver Childs National Head of Auctions
Direct Dial 020 7198 2284

Mat Harris Associate Director
Direct Dial 020 7198 2229

Capita Real Estate

James Hall Director - Agency
Direct Dial 0207 611 0578

Tom Mason Graduate Surveyor - Agency
Direct Dial 020 7492 0155

Registration

You need to register for our online auction to bid on this property. You can register at: www.lshauctions.co.uk

 

Read about the online auction concept here