Acquisition Options
What is an Acquisition Option?
This is a procedure used to purchase property or land that does not have the necessary planning permission, We offer a ’subject to contract’ agreement which is a standard sales contract that is well accepted within the British conveyancing process.
This is a simple agreement between each party that ensures exclusivity over an agreed period of time, allowing for a planning consent to be achieved prior to purchase. This arrangement means that the owner of the property or land will benefit from achieving a higher value, whilst Herongate use their own resources to ensure that development is possible.
We will ensure that the agreement provides total transparency and security between the vendor and ourselves.
Whilst most planning consents are achieved within 3 months, our Acquisition Option agreement will normally provide for up to 12 months to allow for any possible delays, due to appeals or requirements of the vendor. Once planning consent is achieved, our agreement allows for advancing or extending the period before development starts, to provide flexibility to suit the vendor.
Benefits of an Acquisition Option
1. Provides a secure way for a vendor to achieve greatest value for their land or property
2. Plans drawn up by experienced professionals will maximise the value of the development
3. No involvement by the vendor in obtaining planning consent and no financial outlay
4. Assured funding in place for completion of purchase – no chains, no delays
5. Vendor has direct personal contact with us – no agents and no agent’s fees
Site Acquisition
At Herongate we are constantly looking for potential residential development sites in West Sussex.
An example of a typical site for which we have obtained planning permission to build two three bedroomed detached houses.
We are constantly looking for potential development sites in West Sussex.
The sites can be land only, with or without planning permission, or existing residential or commercial sites, which have the capability of being built on or redeveloped.
Where planning permission has not been obtained, Herongate can offer an easy solution to this procedure, see Obtaining Planning Consent.
If you have a property or site which may be suitable for development, please contact us for an informal discussion.
A town site with proposed planning for 4 flats to replace shop and billboard.