Land off Upper Rainham Road, Hornchurch RM12 4BA
- PROPERTY TYPE
Land
- SIZE
130,680 sq ft
12,141 sq m
Key features
- Approximately 3 acres freehold land
- The land itself has sold - we are selling the overage rights over the land
- 32% overage entitlement
- Overage term of 80 years
- Potential future development value subject to planning
- Strategic long-term investment opportunity
Description
The land was 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 parcels occupy 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.
Land off Upper Rainham Road, Hornchurch RM12 4BA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Elm Park Station0.4 miles
- Dagenham East Station1.1 miles
- Hornchurch Station1.3 miles
Notes
Disclaimer - Property reference Hornchurch. 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 Village Auctions, Oxfordshire. 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 Village Auctions, Oxfordshire on 01865 638492.
*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.”