Guide price
£250,000
(£3/sq. ft)
Land for saleSouthend Arterial Road, Upminster RM14
95,832 sq. ft
Auction
Freehold
About this property
Overage rights for Sale
Land itself is not for sale
Detailed Description
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.
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.
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