Hi
I am hoping for a little advice please.
There is a piece of land that is up for auction. The land, in the greenbelt, has a weird situation where it was previously subdivided and about 1/3 of the plots were sold off as freehold plots. So essentially I would assume that those freeholders still own their land. However the owner of the overall title went bankrupt and now the entire lot is up for sale.
Can anyone explain the rights of those freeholders. There is no access to individual plots. There is no road or utilities on the land. Basically I want to know if a developer could potentially try and develop on the land or do these freeholder owned plots make this impossible.
Any help would be greatly appreciated.
Thanks