LAND ACQUISITION
We purchase land for purpose of residential development and utilise a number of different acquisition models, both on and off-market. These models apply to land that hasn’t been granted planning permission as well as land which has already achieved some level of planning consent. We are interested in both small and larger plots but the majority of our purchases typically range between £500,000 and £3 Million, between 0.5 acres and 5 acres in size.
Conditional Purchases
Our preferred method of purchase, the main benefit of conditional sale is that initial capital requirements and project risk are reduced for us so we can offer much higher prices to land owners.
Unconditional Purchases
Our secondary method of purchase, the benefit is that the land owner is guaranteed cash quickly, there is no risk to the land owner of a sale falling through due to planning issues, and we can own the plot very quickly, reducing the need to hold capital for large periods of time.
Conditional Purchases
Our preferred method of purchase, the main benefit of conditional sale is that initial capital requirements and project risk are reduced for us so we can offer much higher prices to land owners.
We approach the owner of land that we feel has development potential
We agree upon a purchase price via one of the following options:
- Subject-to-planning offer (we have one attempt to gain planning permission)
- Option agreement (we have a fixed period of time to gain planning permission)
We would typically offer an unconditional deposit or option fee, whereby the land owner is guaranteed a fixed amount regardless of planning success
Once the terms are agreed we embark upon the planning process
We undertake all planning work and associated costs ourselves
When planning consent is gained we move to legal completion and purchase the land
Unconditional Purchases
Our secondary method of purchase, the benefit is that the land owner is guaranteed cash quickly, there is no risk to the land owner of a sale falling through due to planning issues, and we can own the plot very quickly, reducing the need to hold capital for large periods of time.
We approach the owner of land that we feel has development potential
We agree a purchase price for land
Once terms are agreed we move straight to legals and complete the purchase in the fastest time possible