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Land
Upper Rainham Road, Hornchurch RM12
Land Planning
£125,000
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Our Summary
- Potential future development value subject to planning
- 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
- 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
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Description
The property features approximately 3 acres of freehold land situated off Rainham Road, Hornchurch, RM12 4EY. The land is approximately 3 acres in size, with a strategic position within the Hornchurch area, offering potential for future development subject to necessary planning consents. A 32% overage entitlement exists, allowing the buyer to benefit from 32% of any uplift in value arising from the grant of planning permission or future development of the site, over a term of 80 years.