Selling a couple of acres, how decide on price?

[ISCO]

Does depend on the competence of the solicitor drawing up the agreement in the first place
Bite and bite again

Not too difficult though

 

[icanshootwell]

Some one mentioned rent, why not rent the chap 2 acres on a 10 year buiness tenancy, that way he gets his shed but your in the driving seat, he probably won,t be so keen to do that.

 

[Still Farming]

Make sure the uplift is on every development and I’d state a minimum as well say £75k per Plot !
Make sure you make the boundary and fence it yourself BUT make them pay for the fencing
Get it GPS mapped coz people are really good and inching further out than they should
Stipulate restrictive covenants such as they have no right to light or view and that they can’t object to any lawful activity on your property
Think of every eventuality and write it in the deeds
And perhaps put a 10 year buy back clause in so they have to offer it back to you first

Been there numerous times and have learned from previous mistakes

Treat everyone as a robbing conniving twit and cover your ass

Bitter?...me??? Nah

You got it summed up.
Wasters out there.
They worm their way in ,then SHAFT you.

 

[einstein]

Morning,
I've been approached by a local fella who wants to buy a couple of acres to stick a shed on to run his gardening business from.
How do we decide on a price? It obviously has to be attractive enough for us to sell, but he's not going to pay developer money.
Any ideas?

You could build the shed yourself and then rent it to him..or anyone.

 

[Still Farming]

You could build the shed yourself and then rent it to him..or anyone.

Or he can pay industrial unit rates elsewhere.

 

[br jones]

Dont ,if you dont need the cash ,dont as it will become a pain

 

[essex man]

He wants a cheap shed, not really sure why he thinks you should be providing this??
There is no shortage of commercial property, there is a market.
He is trying it on surely??
He is acting as a developer and doesn't want to pay development prices!!???

 

[ARW]

Put in your own planning for a development then give him the opportunity to buy it to do as he wishes

 

[Derrick Hughes]

I was pestered blind by someone, name your price they said, so I said I wanted £100, 000 for 4 acres . That soon got rid of them . They wanted it for 10 000

 

[som farmer]

Some one mentioned rent, why not rent the chap 2 acres on a 10 year buiness tenancy, that way he gets his shed but your in the driving seat, he probably won,t be so keen to do that.

yes, and if he does put a shed up, well in 10 yrs the planning might be yours

 

[kiwi pom]

You got it summed up.
Wasters out there.
They worm their way in ,then SHAFT you.

Why are they "wasters"? If they legally buy land off you for a price you agree to, then they can do what they want with it, even if its something you hadn't thought of.
If you cant live with the fact that someone might be more successful or resourceful than you, then don't sell it in the first place

 

[H200GT]

He'll bang a shed up, use it for a few years then use permitted development to get it converted to houses. I know of a similar situation down this way, chap bought an old yard with decent buildings for 70k, just got planning for houses. Supposedly an uplift clause on it but I have my doubts. Original owners not super happy about it all as you can imagine.

They must have been happy when they sold!!

No point being bitter after the event, the deal was good enough at the time. Nothing stopping them from applying for planning when they had it.

 

[MrNoo]

They must have been happy when they sold!!

No point being bitter after the event, the deal was good enough at the time. Nothing stopping them from applying for planning when they had it.

Agreed but there was a lot more to it than that, prob best for me to not post it on a public forum.

 

[Still Farming]

Why are they "wasters"? If they legally buy land off you for a price you agree to, then they can do what they want with it, even if its something you hadn't thought of.
If you cant live with the fact that someone might be more successful or resourceful than you, then don't sell it in the first place

All fair in love and war out there.
The point raised was in regards to people befriending and getting into your good books then do something else and make out of you in a situation like this unless points suggested addressed.

 

[jep]

one chap sold to housing developer with uplift to land over number of years they paid him
householder added on to house conservatories went round 1year before it run out and also charged them the uplift

 

[neilo]

yes, and if he does put a shed up, well in 10 yrs the planning might be yours

Or just rent it to him for a 10 yr term, with a clause that it reverts back to you after, along with the shed (or more importantly, the planning for it/change of use) at the end.

He’ll get the ‘base’ he wants, for less capital outlay, and the OP is covered against sharp tricks.

 

[D14]

Morning,
I've been approached by a local fella who wants to buy a couple of acres to stick a shed on to run his gardening business from.
How do we decide on a price? It obviously has to be attractive enough for us to sell, but he's not going to pay developer money.
Any ideas?

£100,000/acre. Once he’s built the shed the shed itself will be worth at the very least £50/sqft but upto £100/sqft in some instances to sell on. What size shed is he thinking or don’t you know?