For sale
Guide price*: £250,000
Main features
- Freehold
- Overage rights ONLY
- Thornton Heath
- Various potential uses - no planning history
- Total Site Area: 0.54 Acres
Guide price*: £250,000
Planning Overage Rights at, Trafford Road, Thornton Heath, Surrey, CR7 6DR
Planning Overage Rights, on soon to be developed buildings & land, Trafford Road, Thornton Heath, Croydon, Surrey, CR7 6DR
This purchase pertains to acquiring the planning overage rights attached to the propertys title. The buyer shall be entitled to 15% 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 April 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.
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 website.
Gonville Bowling Club sits at the heart of Thornton Heaths residential district, positioned on the south side of Trafford Road, which connects seamlessly to the A23 Thornton Road via Silverleigh Road. Immediate local amenities are readily accessible along Thornton Road, while more extensive shopping and recreational options await in Thornton Heaths central area, including retail parks like Valley Park off Purley Way, home to stores like Ikea, approximately 1.5 miles to the south. With excellent road connections, particularly via the A23, and robust public transportation options such as local bus services, the location enjoys accessibility. Thornton Heath Rail Station lies just 1 mile east, offering a direct route to London Victoria in under 30 minutes.
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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.