Lot 11 – Overage Rights to the Vineyard, Essex, CM3


FOR SALE BY AUCTION -
Starting at 10:00 am  /  Ending at 1:00 pm

FOR SALE BY AUCTION - 18th May 2021
Starting at 10:00 am  /  Ending at 1:00 pm

Starting bid: £8,000.00

Guide Price: £10,000

This auction has not started yet. You can place an offer prior to the start of the auction (Proxy Bidding). Please call 0800 448 0100 and speak to a member of our team.

Item condition: New

Category: Tag:

Description

DESCRIPTION
Providing the investor with 35% of the uplift in land value once planning permission is granted any time within 40 years from 2021. These overage rights are registered against the title and assigned to the buyer. The buyer may wish to consider submitting their own planning application which if successful would trigger the overage payment from the owner of the property.”Formerly used as a vineyard with the vines and framework still partially in place.

LOCATION:
The site is on the outskirts of the beautiful Essex village of Little Baddow on Holybread Lane and in close proximity to Holybread Farm, within 6 miles of both Chelmsford and Maldon town centres.

TENURE:
Freehold

AUCTION DATE
Connect Realtime® Plus commencing at 10am and ending at 1pm, 18th May 2021. Unless Sold Prior.

This property is for sale via Auction. This is a timed auction, which requires both parties to complete the transaction within the given completion date as per the legal pack. The buyer is required to register with Connect UK Auctions in order to participate and will be required to go through an identification verification process. The lot has auction Legal Pack, available by request. You are required to complete your own due diligence prior to bidding. The Lot is subject to an undisclosed Reserve Price. The Reserve Price and Starting Bid being subject to change.

UNCONDITIONAL LOT Buyer’s Premium Applies Upon the fall of the gavel. The Purchaser shall pay a deposit of 5% and buyer’s premium as per the legal pack and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion as per the legal pack.

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