For sale
Guide price*: £250,000
Main features
- Freehold
- Overage rights for Sale
- Land itself is not for sale
Guide price*: £250,000
Southend Arterial Road, Upminster, London, RM14 1TE
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.
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.
Investors should note that any computer-generated images (CGIs) provided are for illustrative purposes only.
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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.