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Guide price
£20,000

Land for sale

Mill Lane, Sindlesham RG41
Auction
Land
0.60 acre(s)
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent

Features and description

  • Tenure: Freehold
  • Planning overage rights
  • 25% for 77 years on a sizeable parcel of approx. 0.6 freehold land

PLANNING OVERAGE FOR SALE of 25% for 77 years on a sizeable parcel of approx. 0.6 freehold land in an idyllic setting with gated road access off Mill Lane, Sindlesham. A full legal pack is available for review showing full details.

An overage is a term often used in land sales to describe a sum of money in addition to the original sale price which a seller of land may be entitled to claim from the buyer once the land has been granted planning or development permission.

With an overage of 25%, if the land was valued at £50,000 without permission and is then valued at £250,000 once permission has been granted, there has been an increase in value of £200,000. The new owner of the land would then owe the overage holder 25% of this increase in value (in this case 25% of £200,000 being an overage payment of £50,000).

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.

Call Barney Estates to obtain the full legal pack 

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About this agent

Barney Estates & Auctioneers - Battersea
Barney Estates & Auctioneers - Battersea
16 Baltimore House Juniper Drive London SW18 1TS
020 8022 1787
Full profileProperty listings
We operate a property consultancy, auction and asset management business carrying professional indemnity insurance. We act on behalf of clients transacting land and property sales on auction terms with various partners and hold a separate audited client deposit account and we are members of the PRS.  
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