Our Summary

• 63m OVERAGE CLAUSE THE VENDORS WILL CLAIM THE BENEFIT OF AN UPLIFT/OVERAGE PROVISION OF ALL OR PART OF THE LAND PARCEL(S) BEING SOLD SHOULD THE LAND USE CHANGE FROM ITS CURRENT AGRICULTURAL STATUS FOR A PERIOD OF 35 YEARS FROM THE DATE OF COMPLETION OF THE SALE WITH THE PERCENTAGE OF UPLIFT BEING 45% OVER AND ABOVE THE EXISTING LAND VALUE AT THAT TIME
• THE UPLIFT/OVERAGE CLAUSE WILL BE ACTIVATED BY THE IMPLEMENTATION OF PLANNING CONSENT OF OR ALL OR PART OF THE LAND PARCELS BEING SOLD WITH THE BENEFIT OF PLANNING CONSENT