Hi All, another update.
I picked up a number of cans of Thompson Water Seal. I sprayed the whole thing from the concrete excepted the mount of course. I have only just completed the second coat.
This stuff is really great!

After the first coat last night (hence the can in the dark), I forgot to place the tarp over it last night and this morning the dew came of as water droplets. It did what I wanted.
The spray soaks into the wood and concrete through the pores, while the non porous material like the melamine it creates this membrane that does will prevent any ingress.
I will be selling the rest of the cans I don't need after I have completed, I believe I have a massive excess of spray cans. I have a few more things to waterproof than the Observatory.
If anyone doesn't notice the idea of slitting the top section in half is brilliant. I rotated the storage area around 90 degrees with only a few screws. If I didn't split it, I would have to take off the mount and anything else on top before removing the storage area. I was able to neaten up the screws and put on side panels.
Uni will start soon so I am running out of time. I think I will be able to get the storage area complete before I start but things will slow down after that. Not enough money to get what I want done.
More later