Overage rights across land at High View Road, Lightwater, Su...

by NALC Auctions
1/1

Estimate

£9,000 - £9,000

Fees

Overage rights across land at High View Road, Lightwater, Surrey GU18 5YE
Freehold. Description Fantastic investment opportunity to purchase
Planning Overage rights.
The site provides 0 .42 acres of land
Providing the investor with 25% of the uplift in land value
once planning permission is granted any time with 80 years
from 2020. These overage rights are registered against the
title of the property and assigned to the buyer upon purchase.
Thereafter your investment will mature once planning
permission is triggered. This lot provides a low cost no and no
risk involved with owning the property. The buyer may wish
to consider submitting their own planning application, when
successful would trigger the overage payment from the owner of
the property.
Buyers Premium Applies upon the fall of the hammer. The
purchaser shall pay a 10% deposit. Plus, in addition a buyer
premium of 2% of the sale price, minimum of £2,400+VAT
upon exchange of contract

Closed
Auction Date:
21st Jan 21 at 6pm GMT

Fees apply to the hammer price:

Free Registration
2% inc VAT*

*These fees include buyers premiums and internet surcharges.
Please see the auctioneers terms & conditions for more information

Other Lots in this Auction

NALC Auctions

Sale Dates:
21st Jan 2021 6pm GMT (Lots 1 to 20)