Land adjacent to Abbotsbury Barnet Lane, ELSTREE, WD6 3RD
Overage rights across Land adjoining Abbottsbury, Barnet Lane, ELSTREE WD6 3LD
Providing the buyer with 25% of the increase in land value when planning permission is granted within 80 years from 2020 over this single plot that extends to approx. 0.7 acres in a prime Elstree address
What are planning overage rights?
The following lots provide an opportunity for a buyer to benefit from a percentage of the increase in value of the property when planning permission is granted. These overage rights are registered against the title of the property and assigned to the buyer on completion. Clearly these lots provide a low cost entry into profiting from the future increase in value when planning has been granted without the cost of applying or risks and costs involved with owning the property itself. In fact, buyers may wish to consider submitting their own planning application which, upon success would trigger the overage payment from the owner of the property. We have sold a number of these overage rights in the past and are already seeing buyers profit from their investment on cases where P/P has subsequently been obtained.
No viewings available – you are buying the development overage rights – the land has just been sold. The neighbouring site has recently been approved and is being developed at 14 ultra luxury apartments.
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