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Thursday, March 30, 2023

The transformed Swedish water tower with an uncommon earnings stream

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By Alyn Griffiths

On the small island of Vaxön, within the Stockholm archipelago, there’s a water tower that has been transformed right into a household residence, however that’s not the one exceptional factor about it. Along with its distinctive structure — and its picturesque setting, atop a tree-covered hill — the four-bedroom property has an array of antennas on its roof that may be leased to telecommunications companies, producing a revenue for its house owners.

“It’s superb — residing on this home you earn cash as an alternative of spending it,” says the present proprietor, Carl-Henrik Permert. “Explaining this to potential consumers isn’t straightforward as a result of it appears too good to be true.”

The tower’s floor ground has a round kitchen, residing and eating house with a 16-foot ceiling

The tower, which is in the marketplace for SKr19.8mn ($1.87mn), was in-built 1923 to a design by influential Swedish architect Cyrillus Johansson — a outstanding member of the Nordic Classicism motion whose different notable buildings embody the Museum of Värmland in Karlstad and an extension to the close by Vaxholm city corridor.

The water tower, which is roughly 20 miles from Stockholm, was decommissioned in 1974 however remained in reserve till 1989. It then stood unused till Permert bought it in 2000.

“I work in actual property and I instantly noticed the potential of this constructing,” says Permert. Impressed by the transformed loft flats he had encountered throughout journeys to New York within the Nineteen Seventies, Permert set about reworking the tower right into a home that retains unique options such because the porthole-style home windows, exterior copper cladding and a weathervane within the form of a sailboat, by Swedish sculptor Aron Sandberg.

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Authentic options of the tower embody the weathervane that sits atop its copper clad roof

The house’s lodging is distributed throughout the primary 4 flooring. The doorway results in a round kitchen, residing and eating house with a hovering 16-foot ceiling and oak parquet flooring. Giant, arched openings within the brick partitions flood the room with pure gentle that modifications all through the day. “The way in which daylight strikes throughout these partitions is majestic,” says Permert. “It’s extra dynamic than residing in a traditional home.”

The three flooring above include bedrooms, together with a predominant suite, together with storage and a plywood-lined music room. A slim spiral staircase ascends to the fifth and sixth flooring, that are positioned within the tower’s water tank and used for storage and to accommodate the telecoms tools. On the very prime of the tower, there’s a sauna with an uninterrupted view throughout the archipelago.

The highest of the constructing, which features a sauna, is accessed by a slim spiral staircase

The small cluster of antennas fitted to the tower’s roof generates rental earnings that may present an annual surplus of round SKr300,000, internet of prices. There may be additionally a separate timber-framed automobile port with a studio house that may be rented out.

Permert says, jokingly, that in addition to the potential to make a revenue, the property might help hold its occupier match: “The home has a whole lot of stairs, so residing there’s a fantastic exercise!”

Requested why somebody would possibly select to purchase this uncommon home, Pemert, who lived within the tower together with his household till his kids had been sufficiently old to depart residence, says: “You get to stay within the centre of the city however with no neighbours — and you’ve got the perfect view within the archipelago.”

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Images: Peter Engmalm/Christie’s Worldwide Actual Property

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