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COLCHESTER’S iconic water tower Jumbo has sold for £190K at auction.
The Grade II listed building was auctioned off in London this morning with no reserve.
Paul Flatman, from Colchester, is the new owner of Jumbo.
Mr Flatman, who is a poultry farmer, hopes to develop the building in a similiar style to the previous application made.
Former owner George Braithwaite decided to sell the famous tower after his plans to convert it into luxury flats, offices, a restaurant and a museum were refused by the Colchester Council.
Charity Balkerne Tower Trust had hoped to buy the tower after launching an appeal for public donations, but was unsuccessful.
Our reporter Wendy Brading is at the auction today. See her tweets below.
Read the full story in tomorrow's Gazette.