It’s fair to say there has never been a better time to review your assets – that includes looking at development opportunities to unlock your land value.
Proactivity is the key to make things happen and getting involved in anything at an early stage gives you a better chance to look at wider issues and opportunities. We’ve had some good results recently with this approach, adding value to clients’ land by engaging early with the planning process and evaluating how to influence this with our client’s objectives in mind.
Think big; we looked at a block of land which had previously been refused planning for a small-scale development. Identifying a much larger strategic opportunity resulted in a competitive tender process to bring a developer on board. Elsewhere, we looked at a site which had been considered and dismissed numerous times. With a fresh approach, we secured permission for 200 new homes.
South of the border – Class Q rights are an effective way of adding value to redundant farm buildings and converting them to residential use.
There are prospects with larger-scale residential schemes throughout Scotland & the Northern England including Carlisle, Penrith, Bathgate, Aberdeen as well as new opportunities across Central Scotland. Getting advice at the earliest opportunity pays dividends down the line.
Author: Chris Edmunds (Cockermouth). For more information, contact your local D&R office.
