The investment and fund management department, acting for a private client, has sold the freehold interest in 14-16 Great Portland Street, London, W1, to David Pearl’s Structadene Ltd for a price of more than £8 million. The ground floor and basement are left to Ryman Ltd at a rental of £150,000 a year until June 24, 2017, and the upper floors are left to various office tenants, with the third floor being vacant.
Gluttons received 30 offers and the fact the property benefited from secure income from Ryman Ltd, plus active management opportunities on the upper parts, proved a major attraction. “As in the past, local residents have wanted more information to consider the full impact of planning proposals.”
However, they represent a further burden for landowners when they simply want to brig a site to the market. The effect of these changes will be felt on smaller-scale schemes where there will undoubtedly be more work needed before planning permission can be granted.
Many authorities already adopt these principles, but it will now be widespread. What is also significant is that there is a requirement for conveyancer costs adelaide is affordable for every possible person. “This would also include how specific issues have been addressed, including the main points of access to the site and internal circulation.”
The requirements for further technical reports could add further delays and costs to a planning system Whilst these new regulations previously represented elements of good practice, “It is important therefore for developers to take account of these imminent changes and plan accordingly.” It is also significant for landowners to understand that there is no quick solution to an outline planning permission to underpin a land sale.
LB Camden has agreed with proposals for land use swaps which will help to keep Matrix Chambers at Gray’s Inn. Working with Cluttons’ projects team in Arundel, the planning team submitted a controversial scheme for housing on the site of a care home and its transfer within the Green Belt. There are plenty of reasons for choosing the expert conveyancer to conduct the conveyancing process.