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Agency advice on a development site with full planning permission for 72 dwellings

Project summary

  • Fisher German were instructed on behalf of Harborough District Council to dispose of a 5.31-acre site with detailed planning permission for 72 dwellings.
  • To show best value the Local Authority client instructed Fisher German to carry out an open market exercise.
  • Fisher German provided advice on the marketing and negotiation of the sale contract to a contractor for a registered provider.

Solution

  • Fisher German marketed the property on Rightmove, LinkedIn, and to a list of known developers
  • The team managed the marketing process and responded to enquiries promptly.
  • 33 offers were received from the site. A record for a development site being sold by Fisher German
  • Fisher German reported offers to the client and created a detailed offer summary report which was presented at a cabinet meeting
  • The sale price exceeded the guide price and the vendor’s expectations

Benefits

  • A sale was achieved for the vendor in less than a year from the start of marketing
  • The site was sold to a contractor for a registered provider and therefore would provide a social benefit to the local community.
  • Significantly enhanced the funding available to the Local Authority
  • Significantly increased the amount of affordable housing in the local area
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