Disposal of Land with Strategic Development Potential

Location

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