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Southend Arterial Road, Upminster, RM14 Land for sale
Southend Arterial Road, London RM14
£250,000
Southend Arterial Road, London RM14
£250,000
Our Summary
- The buyer shall be entitled to 25% 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 located at Southend Arterial Road, Upminster, London, RM14. The buyer will be entitled to 25% 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 entitlement is valid for 80 years from October 2024 and can be triggered by the landowner or a third party submitting a planning application. The overage rights are registered with the Land Registry and full details are available from the auctioneers and online.