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Land for sale
Mill Lane, Sindlesham RG41
£20,000
Mill Lane, Sindlesham RG41
£20,000
Our Summary
- Purchasing an overage would entitle you to the same terms as the original seller and has the potential to provide a significant return on investment should planning be granted
Description
This is an opportunity to purchase a 25% share of an overage on a 0.6-acre freehold land in Sindlesham, with gated road access. The overage means that the buyer of the land will owe a sum of money to the seller once planning or development permission is granted, calculated as 25% of the increase in value of the land. For example, if the land is valued at £50,000 without permission and £250,000 with permission, the buyer would owe £50,000 to the seller. This could provide a significant return on investment if planning is granted, and the full legal pack is available for review.