Decision

Removal of overage clause, which burdens the
title of Laboratory House at the request of the freehold
owners.

Reasons for the decision

The removal of the overage will allow the
property to be mortgaged. The value has been verified by an
external valuer.

Alternative options considered

Allow the overage to run its course which was
rejected as the property is still protected by a restriction in
perpetuity which will not be released.