Overage rights at Arkley Drive, Barnet, North London, EN5
- PROPERTY TYPE
Land
- SIZE
87,120 sq ft
8,094 sq m
Key features
- Overage rights ONLY
- Large 2 acre parcel
Description
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.
Overage rights at Arkley Drive, Barnet, North London, EN5
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- High Barnet Station1.6 miles
- Elstree & Borehamwood Station2.1 miles
- New Barnet Station2.5 miles
About the agent
Barney Estates and Auctioneers, London
Baltimore House, Juniper Drive, London, SW18 1TS
Our team of London property auctioneers are experts in residential and investment property in London and throughout the UK. With a varied portfolio of land, development opportunities and residential properties, our friendly and experienced team can help you to buy or sell property in today's fast-paced and dynamic real estate market.
Notes
Disclaimer - Property reference overagerightsbarnetEM. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Barney Estates and Auctioneers, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Barney Estates and Auctioneers, London on 020 8432 7330.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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