ground rent for hotel sign

[rob h]

in one of our fields we have a large sign taking a space about 2mx2m.up until last week the hotel belonged to family members so we never asked for any rent. however its now been sold and new owners moved in last week I haven't spoken to them yet but think it needs to be sorted .dose anyone have an idea of what would be a fair rent .I know they are wanting a new illuminated sign so thought we better sort it out first .any advice welcome

 

[Highland Mule]

Nice dinner for you and half a dozen friends, once a year?

 

[rob h]

you may be right .just wondered what others have done in similar situations.its never ben a thought but the new owners have big plans

 

[cousinjack]

In my opinion, it's not what the space is worth to you but how much it is worth to them... it is advertising after all..

If it's going to be illuminated.. who supplies the power ?

 

[Doing it for the kids]

Lucky you for not needing planning.

It’s worth more to them than you, I wouldn’t take the pee and ask for a meal every year on their off peak hrs

 

[Tonka]

Billboard on an owned house brings in about £850/yr for me.

 

[Still Farming]

If in a good position by a main road then worth a lot possibly?
Tell them Big m down the road offered you a hard to refuse undisclosed amount,???

 

[rob h]

In my opinion, it's not what the space is worth to you but how much it is worth to them... it is advertising after all..

If it's going to be illuminated.. who supplies the power ?

Theirs a transformer about 200m away put there when we got broad band .so they would have to get a meter installed in a weather proof cabinet I suppose.also have planning permission for the sign but I’m shure would need new planning for illumination

 

[Zippy768]

Theirs a transformer about 200m away put there when we got broad band .so they would have to get a meter installed in a weather proof cabinet I suppose.also have planning permission for the sign but I’m shure would need new planning for illumination

When they get the price for connecting to that transformer, they might opt to keep the lights off!

 

[rob h]

When they get the price for connecting to that transformer, they might opt to keep the lights off!

I thought the same. They are city dwellers new to the countryside and on a very steep learning curve as far as services are concerened

 

[Still Farming]

I thought the same. They are city dwellers new to the countryside and on a very steep learning curve as far as services are concerened

They can get a steep learning curve into signage costs too then maybe?

 

[cousinjack]

I'd say somewhere between £50 and £100 a month... dependant on just how prominent it is and what other options are available to them ..

 

[rob h]

They can get a steep learning curve into signage costs too then maybe?

I recon so they have big plans for expansion but planning maybe a bigger issue for the sign

 

[Pond digger]

When they get the price for connecting to that transformer, they might opt to keep the lights off!

I suspect off grid using solar panel and Led lighting would be far cheaper.

 

[Exfarmer]

The amount of power for an LED light would be minimal. Not sure whether you would even need a meter for such a small supply. A 50 watt led would use only use about 200 units per annum.
I don't think planning would be necessary.

 

[TripleSix]

You're supposed to have planning for signs

There is a distinction between illuminated and non illuminated signs too

 

[Lazy Sod]

How long has the sign been in place? Ten years or more and you can claim a certificate of lawful use.

 

[thesilentone]

Check out the competition first and any other options they may have.

 

[George from SJM Planning]

in one of our fields we have a large sign taking a space about 2mx2m.up until last week the hotel belonged to family members so we never asked for any rent. however its now been sold and new owners moved in last week I haven't spoken to them yet but think it needs to be sorted .dose anyone have an idea of what would be a fair rent .I know they are wanting a new illuminated sign so thought we better sort it out first .any advice welcome

Am illuminated sign adjacent to a public highway will require planning permission

 

[rob h]

It has planning permission from when it was put up about 25years back but I’m shure it will need permission for illumination. Led and solar seems to be the way they are getting a company out to look at fitting a new one as its having a name change and the old ones rotten at the bottom any way. There is no competition as we own the field in front between them and the main road.