Complex land assembly over time.
Development viability & planning assessment.
Marketed site for sale.
Achieved unconditional sale.
Industrial Development, Planning and Agency Advice - Brosland Limited
2.94
acres
Industrial development land, Salfords, Surrey.
66,000
sq ft
industrial/warehouse development
Challenge
Vail Williams was appointed by Brosland Limited to advise on the development viability of land at Salbrook Road in Surrey for industrial / warehouse use.
We advised on a variety of issues from complex land assembly and optimum land use, to planning and development options. This informed the future strategy for the site, which we subsequently sold for £6.4m.
How we helped
- Advised on complex land assembly, including purchase of plot from UKPN required to enable comprehensive redevelopment.
- Addressed future landownership and restrictive covenants to ensure development viability.
- Undertook development viability assessment, establishing highest returns for a 66,000 sq ft industrial/warehouse scheme.
- Undertook planning assessment and pre-application meeting with Local Planning Authority to establish constraints.
- Considered occupier demand and identified market land value ‘peak’ for the logistics sector based on strong demand.
“Vail Williams guided us through the process of assessing the maximum value that could be realised from this area of land, developing options, testing the market and the local authority’s planning views, assessing bids and completing the sale, pushing timescales to maintain momentum. Despite challenging market conditions this advice and support achieved an excellent result.”
James Day, Director Brosland Limited.
Results
- Tested the site for sale, marketing it with both developer and owner occupier interest.
- Proactive advice on the optimum deliverable layouts, planning, market conditions and land assembly, resulted in a successful unconditional sale for our client for optimum value.
- Sale was agreed with Grundon Waste Management for £6.4m – circa £2.5m per developable acre.
Get in touch
If you think you may need similar support to that described here, or you would simply want to have an informal chat with a member of our team to discuss your property needs, get in touch.
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