Property details
Overage rights at the land at, Arkley Lane, Barnet, London, EN5 3LN
The property is not part of the sale but comprises this site of 2 acre which sits between existing dwellings. The purchaser of this lot will receive 15% of the increase in land value as and when
planning permission is granted for development. Whilst it is understood an application has not yet been submitted, these details show an indicative scheme that the land owner may wish to
consider. The overage rights exist for a period of 80 years from 2023. 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.
Annual Fee income:
The buyer of this lot, will receive 15% of the LAND increase in land value as and when planning is granted
Tenure:
Full details of the overage registered with the Land Registry are available from the auctioneers
and within the legal pack to download from the auctioneers web site.
Site:
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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.