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
