(Savills via SWNS)
By Elizabeth Hunter
A massive former water tower is at auction for $68,750.
Broomhill Water Tower in Northumberland was constructed in the 1950s, serving as the water source for Broomhill Colliery.
In 1961, the pit closed, and the tank was abandoned, leaving the 115-foot-tall structure unoccupied for over 50 years.
The property is now set to go up for auction on June 9, described as "a unique development opportunity" by agents at Savills, with a guide price of $68,750.
The listing describes the property as "an appealing prospect for developers, investors of unique assets, and owner-occupiers seeking a distinctive conversion project."
(Savills via SWNS)
Situated in North Broomhill, near Morpeth, the tower sits on a site extending to approximately 932.64 square meters (10,036 square feet) and is offered freehold with vacant possession.
George Goucher, associate director at Savills Commercial Auctions, said: “Water towers have historically generated strong demand when they come to auction, with bidders often attracted to their distinctive nature and conversion potential.
"Offering a blank canvas, these properties present an opportunity for developers or owner-occupiers to create something unique, subject to the necessary consents.
"We expect this lot to appeal to a broad range of buyers, including developers and end users looking to take on a project.”
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