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Land for sale
Frederick Road, Gillingham, Kent
£50,000
Frederick Road, Gillingham, Kent
£50,000
Our Summary
- This substantial plot of land has no planning permission due to tree preservation orders and is subject to an overage agreement that if a buyer were able to develop within 10 years, 50% of any onward value would be paid to current owner
- Potential for multiple use
- Substantial plot of land with no planning permission due to tree preservation orders
Description
This substantial plot of land is currently undeveloped due to tree preservation orders and is also subject to an overage agreement, which means that if a buyer is able to develop the land within 10 years, they would have to pay 50% of any future profit to the current owner. The property does not have any planning permission and the buyer would need to obtain this before any development can take place.