The sale of 17.5 acres, to Lioncourt Homes & Beechcroft Developments with outline planning permission for 91 Residential Dwelllings, 59 assisted living units & a 64-bed care home.
We identified the parcel of land in a site searching exercise and independently approached the landowners. We were subsequently instructed to manage the planning process on behalf two local charities and sale once a planning permission was achieved.
We marketed the land to all local/national land promoters and after proposals were received, we interviewed prospective parties in a competitive situation. We negotiated detailed heads of terms for a promotion agreement with Hallam Land Management and advised on the commercial aspects of the legal process.
The site was refused at a local level once a planning permission had been submitted and was subsequently won at appeal.
Once planning permission had been granted by appeal, we launched an open market campaign and held sales & technical pack meetings to ensure purchasers had received all technical information.
We received a large number of bids on the site and ended up selling the site for excess of £15m.
For further information, or to register your interest in future parcels, please contact:
Richard Foxon - Managing Director
Piers Beeton - Director