No longer on the market
This property is no longer on the market
MapLand
Auction
Land
2.20 acre(s)
Key information
Tenure: Freehold
Council tax: Ask agent
Features and description
- Overage rights for Sale
- Land itself is not for sale
Planning Overage Rights over land (Land is not available for sale) at Southend Arterial Road, Upminster, London, RM14
This purchase pertains to acquiring the planning overage rights attached to the property's title. The buyer shall be entitled to 25% of the increase in land value from its current value, as a former bowling green to its re-evaluated worth following the approval of planning permissions. These entitlements will be valid for 80 years from Oct 2024.
The land owner does not have to submit a planning application. This can also be submitted by a third party to gain the overage trigger.
Investors should note that any computer-generated images (CGIs) provided are for illustrative purposes only.
This purchase pertains to acquiring the planning overage rights attached to the property's title. The buyer shall be entitled to 25% of the increase in land value from its current value, as a former bowling green to its re-evaluated worth following the approval of planning permissions. These entitlements will be valid for 80 years from Oct 2024.
The land owner does not have to submit a planning application. This can also be submitted by a third party to gain the overage trigger.
Investors should note that any computer-generated images (CGIs) provided are for illustrative purposes only.
About this agent
Barney Estates & Auctioneers - Battersea
16 Baltimore House Juniper Drive
London
SW18 1TS
020 8022 1787We operate a property consultancy, auction and asset management business carrying professional indemnity insurance. We act on behalf of clients transacting land and property sales on auction terms with various partners and hold a separate audited client deposit account and we are members of the PRS.