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Askham Bryan water tower could fetch up to £25,000 when it goes up for sale at auction
GOOD views, countryside location, handy for the A64 - if you’ve ever wanted to snap up your own water tower, here’s your chance.
An auction in Leeds next month will see the Yorkshire Water structure at Askham Bryan, overlooking the main road between York and Leeds, go under the hammer with prospective buyers likely to stump up between £20,000 and £25,000.
The Mill Lane tower is currently let to Vodafone and TV York, which pay combined annual rent of almost £12,500 for the use of brick buildings at the site. The sale, handled by Eddisons, will be held at Leeds United’s Elland Road ground on September 18, when a York pub will also be up for auction on the instructions of liquidators.
Tony Webber, head of Eddisons’ property auction department, said the auctioneers had sold water towers in the past - including one in the Harrogate area which fetched more than £200,000 - and such buildings were sometimes converted into housing.
He said: “The Askham Bryan tower is probably not one which would become a residential development, but it could be more of a long-term investment.
“Investors might want to buy it and hold onto it, seeing as it better than having money in the bank at this price as they would have a rental income from the site and could make their money back in two years.
“Although this tower doesn’t necessarily lend itself to housing, somebody might come up with a conversion scheme, and it’s a nice little investment in a nice location which you won’t have to pay a lot for.”
Vodafone and TV York’s leases have expired but they remain at the site through a “holding-over” arrangement, which means they must give six and three months’ notice respectively if they want to leave.
Next month’s Leeds auction will also include the Pack Of Cards pub in Lindsey Avenue, Acomb, which has a guide price of £95,000 or over and is let under a £2,600-a-year temporary management agreement.
Details of both sites and other lots at the Leeds auction, including the former sewage works site at Burton Fleming near Bridlington, are at eddisons.com/auctions
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