Upper Rainham Road, Hornchurch, RM12
- PROPERTY TYPE
Land
- SIZE
Ask agent
Key features
- Approximately 3 acres freehold land ( The land itself has sold - we are selling the overage rights over the land)
- Located off Rainham Road, Hornchurch ( LOT B)
- Potential future development value subject to planning
Description
An opportunity to acquire the benefit of overage rights over an approximately 3-acre freehold parcel of land situated off Rainham Road, Hornchurch.
The land is sold subject to an overage agreement entitling the beneficiary to 32% of any uplift in value arising from the grant of planning permission or future development of the site for a period of 80 years.
The parcel occupies a strategic position within the Hornchurch area and may offer future development potential, subject to the necessary planning consents. The overage provisions present a rare opportunity for investors, land promoters, and strategic land buyers seeking long-term value appreciation linked to future planning gain.
Key Features:
Approximately 3 acres freehold land ( The land itself has sold - we are selling the overage rights over the land)
Located off Rainham Road, Hornchurch
32% overage entitlement
Overage term of 80 years
Potential future development value subject to planning
Strategic long-term investment opportunity
Further information, title documentation, and overage agreement details are available upon request
Upper Rainham Road, Hornchurch, RM12
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Elm Park Station0.8 miles
- Romford Station1.1 miles
- Hornchurch Station1.4 miles
Notes
Disclaimer - Property reference 502012_002346. 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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