Land for sale

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Land for sale

Chalk Street, Rettendon Common, Chelmsford, Essex, CM3
£550,000

Our Summary

  • The bungalow itself is in a dilapidated condition and subject to planning, this could provide an opportunity for redevelopment
  • Subject to planning, this could provide an opportunity for redevelopment
  • There will be an overage registered against the property for a term of 20 years from the date of sale, which will equate to 50% of the uplift in value on the grant of any additional dwellings on the subject property and land

Description

Thirlmere is a dilapidated bungalow sitting on approximately 4 acres of land, which is available for purchase via informal tender. The bungalow is in a state of disrepair and subject to planning, providing an opportunity for redevelopment. The property is available for purchase with the land, and offers are invited by noon on May 24th, 2024. Offers should be submitted in writing to the Fenn Wright Chelmsford Office and must include the prospective purchaser's identity, method of funding, and a fixed sum offer. If the purchase is subject to any conditions, these should be clearly indicated in the offer, along with details of how the purchase will be funded. An overage clause will be registered against the property for a term of 20 years, equating to 50% of any uplift in value from the grant of additional dwellings on the property and land. Legal costs will be borne by each party, and viewings are by appointment only.
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