The Tower Barrows Lane, Sway, Lymington., Hampshire, SO41 6DE

  • Conditional Online Auction Sale
  • Guide Price* : £1,600,000

FOR SALE BY CONDITIONAL ONLINE AUCTION
On Behalf of Totally Moving


  • Grade II Listed Tower
  • Garden Room with Glazed Dome Roof
  • Gothic Styled Features
  • Four Bedrooms
  • Four Bathrooms
  • Swimming Pool & Tennis Court

Property Description

FOR SALE BY CONDITIONAL ONLINE AUCTION
On Behalf of Totally Moving

Four Bedroom Tower

Viewings can be booked via Totally Moving to take place from the 17th April onwards. Auction due to commence on 1st May 2019

Peterson’s Tower was built in the late 19th Century by renowned High Court Judge and Spiritualist Andrew Thomas Peterson, built as the centrepiece of the Drum Duan Estate which has since been designated a Grade II* Listed Building by English Heritage, reputedly being the World’s tallest unreinforced concrete structure.

The accommodation comprises of a dual aspect sitting/reception room with feature fireplace which opens out to an impressive drawing room.

There is a dining room leading to the kitchen area, which flows out to the fabulous triple aspect garden room with full height glazing and glazed dome roof.

The main living areas benefit from high ceilings and Gothic styled features, ornate cornices and exposed wooden flooring.
The Tower itself is an impressive circa 220ft high structure that dominates the local landscape, being formed of concrete and having a spiral staircase leading to the upper floors.

Bedrooms are situated on the first 4 floors, with each having and en-suite bathroom and storage space.

The upper floors offer scope for improvement and redesign, subject to obtaining necessary consents.


The property has telecoms and ancillary equipment situated at the upper floors, producing a rental income at present of circa £29,500pa

In addition there is scope for further income from bed & breakfast lettings, Solar Photovoltaic panels and ancillary income, currently estimated or forecast to produce £22,000 pa in addition to the above.

The property is accessed via an electric gate which opens out onto the driveway leading to the detached garages, providing parking for several vehicles.

The garages provide useful vehicle storage space and including a workshop for maintenance, having the potential for conversion to detached holiday letting or other uses (subject to the relevant permissions being granted by relevant authorities).

The garden areas are laid to lawn with paved areas and are enclosed within a mostly walled area, providing a degree of privacy and security for those who seek a more solitary existence.

There is a swimming pool complex which includes a substantial indoor swimming pool and a dedicated area with associated changing facilities. This complex also, (again subject to relevant permissions being granted to relevant authorities) for change of use to holiday letting, additional accommodation or a variety of uses.

The property also includes a tennis court and grounds extending we are informed to circa 0.75 acre (note: all measurements and descriptions provided are indicative only, you should confirm such before legal commitment to purchase


The property commands an elevated position in a semi-rural position close to the popular New Forest Village of Sway, with its mainline train station and commuter links into London Waterloo Station (less than 2 hours journey time).

Sway is a small, yet vibrant village nestled on the southern edge of the New Forest national park and just four miles from the Georgian town of Lymington and the Solent coastline, its location making the village a haven for walkers, horse riders, cyclists and sailors alike.

Lymington Town is approximately 4 miles drive and boasts a harbour and popular sailing club, along with boat moorings, boutique shops and bars.

The village includes a popular school, with several highly renowned ‘Private Schools’ being situated within reasonable travel distance.

Neighbouring villages include Brockenhurst which also has a mainline station to London Waterloo, popular restaurants and boutique bars, along with a renowned 18-hole golf course.


Tenure
See Legal Pack

*Start Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price, also know as a Guide Price, is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms which is available to download on our website, www.sdlauctions.co.uk.


Viewing Details

By arrangement with the auctioneer 0345 319 2162 or can be booked online www.sdlauctions.co.uk/online-auctions


Energy Performance Certificates

EPCs can be viewed in the Related Documents section on our website or in the legal pack.


Auction Type: Conditional with Reservation Fee

Every online bidder on SDL Auctions must first create an account at www.sdlauctions.co.uk/online -auctions. This is a very quick and simple process. In order to bid, you will need to be authorised for money laundering purposes, this will be carried out at the registration stage. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.

Once you have registered, you will be able to search, download legal documents, arrange site viewings and contact the Auctioneers and the solicitors if you have queries on the property.

If you are the successful bidder, at the end of the specified time period, you’ll enter into a reservation agreement with the seller and will have 40 business days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 40 business day reservation period, the seller is not able to accept other offers.

The sale of this lot is subject to a reservation fee of 4.8% including VAT or 4.2% including VAT in London, subject to a minimum of £6,000 including VAT. This does not contribute towards the purchase price and is payable on the fall of the hammer.

We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract.

By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.


Joint Agent

Totally Moving



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Joint Agent

For viewings please contact:
Totally Moving
08002461002
enquiry@totallymoving.co.uk