Best way to sell my land

Haspin

Hi,
First post here. I have a large plot of land with a factory in the middle. This is in a residential area. The land and factory was left to me and my other two brothers by my parents who have now sadly passed. The factory is currently occupied by me but we are happy to move the business to another premises. My parents had already sold part of the land without planning and the purchaser built three, 3 storey houses. At the other side of the factory which I own is a full plot which had a full row of terraces at one time.

So what’s my question. I believe the factory is worth more flattened and to sell the plot for housing development. What would be my first point of call to get the most from selling our land.

Thank you.

parking_question_chap

Three options really.

1) Sell the land as it currently is
2) Get some informal advice from the council, I think they call it pre application advice. Hopefully you can get something in writing saying it is appropriate to build houses on, should add some value to the land
3) Get an architect to submit a proper application for houses for you and hope that you get the permission.

Of course getting the permission will cost more and take longer, but you should end up selling the land for more money.

davidmcn

I would speak to some commercial property surveyors and get some advice from them about the best way of disposing of it.

Mutton_Geoff

davidmcn wrote: »

I would speak to some commercial property surveyors and get some advice from them about the best way of disposing of it.

Which would be far better than posting here where the average reply from the armchair house doctors seems to be "post a Rightmove link and we'll criticise your decorating tastes".

Tom99

Since you are occupying the property at the moment you have time on your hands to obtain planning consent which is bound to make the site considerably more valuable then without consent.
That is likely to involve a planning consultant to help with the optimum design and the presentation of you application.
It will not be cheap, I would imagine you are talking x£10,000's but if you do not obtain consent then any offer for the land will be heavily discounted to reflect not only this cost but the risk that permission may not be granted or will be for a sub-optimal design.

davidmcn

Tom99 wrote: »

Since you are occupying the property at the moment you have time on your hands to obtain planning consent which is bound to make the site considerably more valuable then without consent.
That is likely to involve a planning consultant to help with the optimum design and the presentation of you application.
It will not be cheap, I would imagine you are talking x£10,000's but if you do not obtain consent then any offer for the land will be heavily discounted to reflect not only this cost but the risk that permission may not be granted or will be for a sub-optimal design.

No, the norm would be for the purchaser to contract to buy the land conditional on them obtaining planning. Assuming we're talking about a reasonable number of units, residential developers will have their own ideas about what they want, and are unlikely to settle for whatever consent the seller has already obtained.