Planning overage Rights upon land at High View Road, Lightw...

by NALC Auctions


£10,000 - £120,000


Planning overage Rights upon land at High View Road, Lightwater, Surrey, GU18 5YE

Guide Price £10,000+
*Guide plus + buyer’s premium and VAT
Tenure N/A
Description Fantastic investment opportunity to purchase
Planning Overage rights .
Providing 0 .42 acres of land. Providing the investor
with 25% of the uplift in land value once planning permission
is granted any time within 80 years from 2020. _
The overage rights are registered against the title of the property and assigned
to the buyer upon purchase. there after your investment will
mature once planning permission is triggered.

This lot provides a low cost way and at 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. _ e
purchaser shall pay a 10% deposit. Plus, in addition a buyer
premium of 2% of the sale price, minimum of £2,500+VAT
upon exchange of contract.

Location Located to the within the county of Surrey, in the
south east region of England. Just 27.16 miles south west from
the centre of London.

Auction Date:
4th May 21 at 6pm BST

Fees apply to the hammer price:

Free Registration
2.4% 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:
4th May 2021 6pm BST (Lots 1 to 35)