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Trafford Road, Thornton Heath, CR7 Land for sale
Trafford Road, Thornton Heath, CR7
£250,000
Trafford Road, Thornton Heath, 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 is being sold with planning overage rights, which allow the buyer to receive 15% of the increase in land value when the property is redeveloped and planning permissions are approved. The entitlement is valid for 80 years from April 2024 and can be triggered by a planning application submitted by the landowner or a third party. The property is located in Thornton Heath, Surrey, near the A23 and with easy access to public transportation, including a direct train line to London Victoria. The area has local amenities, shopping, and recreational options, including retail parks and a bowling club.