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Land to the north of Market Harborough, Leicestershire

Project summary

  • Advised the landowners on the planning potential and disposal of land extending over 150 acres on a freehold basis with overage

Solution

  • Provided advice on the various routes to securing an uplift in land value from obtaining planning permission
  • Advised on the planning potential including potential challenges and risk and timescales
  • Negotiated detailed terms and worked with our client's solicitor to agree a legal contract, complicated transfer and overage deed
  • Negotiated a new tenancy agreement, allowing our client to continue their farming operations until planning permission is achieved

Benefits

  • Sale negotiated including hope value above existing use value with a considerable overage term
  • New tenancy agreement negotiated with peppercorn rent only
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