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Land for sale

Tenure:

Freehold

Council tax band:

Not available

Property description

Overage rights at the land at Arkley Lane, Barnet, EN5 3LN

The property is not part of the sale but comprises this site of 2 acre which sits between existing dwellings. The purchaser of this lot will receive 15% of the increase in land value as and when planning permission is granted for development. Whilst it is understood an application has not yet been submitted, these details show an indicative scheme that the land owner may wish to consider. The overage rights exist for a period of 80 years from 2023. The land owner does not have to submit a planning application - This can also be submitted by a third party to gain the overage trigger.

Annual Fee income:
The buyer of this lot, will receive 15% of the land increase in land value as and when planning is granted

Tenure:
Full details of the overage registered with the Land Registry are available from the auctioneers
and within the legal pack to download from the auctioneers web site.

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Barney Estates and Auctioneers, and do not constitute property particulars. Please contact Barney Estates and Auctioneers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.