We're regularly questioned about the state of the market, and how Brexit has affected development land values. Whilst interest levels in consented sites aren't so strong, and the purchaser profile has shifted away from purely speculative developers, the bottom line (as in the
ultimate land value), hasn't really changed over the last 36 months or so. Good sites, with good consents that are marketed aggressively are still achieving premium prices. A 'good site' depends on size, location and accessibility, and a 'good consent' is driven by efficient unit sizes, simplicity of construction and Help To Buy qualification. Aggressive marketing requires an experienced and motivated agent; and that is where we come into play.
This former factory site has been put to many uses over the years including a dairy, cycle component plant and more recently by a food manufacturer. In longstanding family ownership, once it became vacant renowned local architects Alan Camp were employed to promote the site for mixed-use redevelopment. Full planning permission was granted in early 2019 for a new block comprising ground and lower ground floor offices, with 21 apartments above.
Our role was to ensure that the best possible price was achieved for the property, and as such we undertook a wide-reaching marketing campaign with national advertising placed, and particulars circulated throughout our extensive database of pre-registered applicants. Several premium offers were received, and terms agreed with a private, residential-led developer.
Deal or no deal, we'll always be the go-to agent if you have a consented development site to sell!
