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A small block of woodland with road frontage
Located to the south of the Stoke Road is Lot 4. A small block of amenity woodland that benefits from direct access and positioning onto the Stoke Road.
Lot 4 is to be sold subject to an Overage Agreement. The Vendor will benefit from 30 % of any uplift in the Market Value of the land if Planning Permission or Permitted Development results in an alternative use.
The valuation date will be the date of planning permission and the Overage will be effective for 30 years from the date of completion of the sale. The payment will be due upon the implementation of the Permission or a disposal with the benefit of the Permission.