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Summary Advance Real Estate- WS1 site acquisition £4.99
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Summary Advance Real Estate- WS1 site acquisition
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This document is a full and comprehensive set of notes that covers all topics covered in workshop 1, meeting all of the outcomes. The notes are ready to be printed and used in the exam. I used these notes and achieved a high distinction in the LPC

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  • August 23, 2021
  • 8
  • 2021/2022
  • Summary

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Site Acquisition: preliminary steps

Outcomes


1. Explain the practical and commercial considerations a client may take into account when
considering the acquisition of a commercial development site.

2. Investigate a complex registered title and identify any legal and practical issues revealed
which could affect the development.

3. Evaluate the different methods of forming a joint venture in the context commercial
development.




Assessing the suitability of a development site. Considerations
Will be within the scope of a cost-benefit analysis for the purchaser/developer- which they may have
to relay and justify to any institutional investor

Additional costs of developing the site • Additional searches using CON29O
• Planning applications
• Commons registration search under enquiry 22 as it
used to be agricultural land
• Surveys
• Contamination
• Mining and mineral clause
• Marshland on top left of plan could be liable to
flood- flood search
• Pipes running under the land
• Access to and from the land?
• Motorways surrounding?/ A road?
• Mansfield junction railway is a main train line- rights
of access/ noise railway search
• Not told how much we are spending yet but will be
very expensive to so do all CON29O

Timescale for the development • Planning- applying and possibility of refusal or
complying with conditions such as environmental
clean-up- planning for change of use
• Mindful of exchange prior to contract race but no
rush due diligence and searches
• Mining and mineral
• Service media in, on or over the land- utilities –
is it possible to get the services on the land?

Layout of the new building on the site • Whether the plans will be accepted- any adverse
rights that affect that
• Housing development to the right- may impact the
development in terms of development and
permission and vehicle access/ disruption
• Access to the land and public access? Will access
need to be developed

, • Previous use- likely to be contamination from
previous use
• May be agricultural ties- contracts left?

Transport links and infrastructure
• Plans for Nottingham express tram second line-
could disrupt plans.
• May be directly affected is it coming through the
land? Close proximity?
• Cost of intrusive surveys- cost analysis on getting
specialist surveys

Contaminated land:
• Former industrial land may have pollutants- who is
responsible for the clean-up and removal? The
onus is on the buyer by virtue of caveat emptor.
• Remediation budget for the clean-up: will be part of
the cost-benefit analysis
• LA has register of contaminated land in the area but
not always up to date. When developers apply for
planning permission, often a condition of planning is
the clean-up.
• Environmental protection act 1990- parties have to
identify whether there is a piece of contaminated
land. S.78 concept of contaminant linkage.

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