Summary - Overage Deed, Land on the South-East Side of Malton Road YO32 9TN
1 bed 1 bath Land
Contingent overage interest on 26.74 acres near York — upside if planning success by 2042.
Beneficiary interest in amended overage deed secured on 26.74 freehold acres
Payment triggered only on grant of planning permission (conditional uplift)
Payment equals 40% of uplift above fixed base value of £250,000
20‑year term runs to May 2042; long timing uncertainty
Obligation for grantor to pursue net‑zero business park planning consent
Site currently Green Belt; planning release not guaranteed
Extensive A64 frontage; strategic access to York and A1(M)
Very slow broadband; rural services and average amenities
This sale offers the beneficiary interest in an amended overage deed secured on a substantial 26.74‑acre freehold parcel on the south‑east side of Malton Road, YO32. The deed runs to May 2042 and becomes payable if planning permission is granted: payment equals 40% of any uplift in value above the fixed base of £250,000. The land has extensive A64 frontage and sits close to York and the A1(M), giving clear strategic transport advantages.
The deed contains an explicit obligation for the grantor to pursue planning consent for a net‑zero carbon business park. The site currently lies in Green Belt and therefore any uplift is conditional on successful planning change and the grantor’s compliance with the pursuit obligation. Previous discussions reportedly involved the University of York on a bio business park concept, underlining the site’s strategic interest for specialist commercial or institutional uses.
This is a conditional, long‑dated, contingent interest rather than an outright land sale. It suits a buyer seeking leveraged exposure to future development upside without owning the freehold. Key risks are durable: the overage term runs until 2042, payment depends entirely on a future planning grant, the site remains Green Belt at present, and the grantor is contractually obliged to pursue consent (not guaranteed to succeed). Broadband on site is very slow; the area is rural with average services.
For investors focused on strategic land plays, this overage interest provides potential for significant future receipt if planning consent is achieved. Price reflects the beneficiary interest in the deed itself, not immediate redevelopment potential. Buyers should undertake legal and planning due diligence to assess the strength of the pursuit obligation, likelihood of a Green Belt release for the specified use, and timing uncertainty to 2042.
Land for sale in 22.24 acres of Land at Knapton, York, YO26 — £330,000 • 1 bed • 1 bath
Land for sale in Land At Gate Helmsley, Gate Helmsley, York, North Yorkshire, YO41 — £50,000 • 1 bed • 1 bath
Land for sale in Cross Moor Lane, Haxby, York, YO32 — £452,000 • 1 bed • 1 bath
Land for sale in Thornton Le Clay, York, YO60 — £495,000 • 1 bed • 1 bath
Land for sale in Elvington, York, YO41 — £120,000 • 1 bed • 1 bath
Land for sale in York Road, Kexby, YO41 — £200,000 • 1 bed • 1 bath • 504 ft²
