Southend Arterial Road, Upminster, RM14
- PROPERTY TYPE
Land
- SIZE
Ask agent
Key features
- Overage rights for Sale
- Land itself is not for sale
Description
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.
Southend Arterial Road, Upminster, RM14
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Upminster Station1.4 miles
- Harold Wood Station1.5 miles
- Upminster Bridge Station1.7 miles
Notes
Disclaimer - Property reference 502012_000114. 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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