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.
Overage Rights on Approx. 3.63 acres (1.47 hectares)
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.
UNCONDITIONAL LOT Upon the fall of the Gavel. The Purchaser shall pay a deposit of 5% and buyer’s premium as per auction 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 28 or 42 days following the auction (unless otherwise stated).
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