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Trafford Road, Thornton Heath... Land for sale
Trafford Road, Thornton Heath, Croydon, Surrey CR7
£250,000
Trafford Road, Thornton Heath, Croydon, Surrey CR7
£250,000
Our Summary
- The buyer shall be entitled to 15% 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
- The land owner does not have to submit a planning application
Description
This property description is for the purchase of planning overage rights attached to a property in Thornton Heath, Croydon. The buyer will be entitled to 15% of the increase in land value from its current value to its re-evaluated worth following the approval of planning permissions. The overage rights are valid for 80 years from April 2024 and can be triggered by the landowner or a third party submitting a planning application. The property is located near Gonville Bowling Club and has easy access to local amenities, shopping, and recreational options. The area has excellent road connections and public transportation options, including a direct train route to London Victoria.