Hi All.
So to keep it short, there is a plot of land available with an old industrial building that is looking perfect for a house conversion.
However, it's currently only got planning permitted for a "holiday Letting". Looking over the planning application there is only a very small section of the planning consent that shows a benefit to not being a permanent residence.
Now, reading a few bits of information, a third party can apply for planning permission with the permission of the current owners etc.
This for me poses a couple of questions, whats to stop them from having you do the leg (and wallet) work for the planning permission and then pulling the sale and developing the site themselves? Would a solicitor be willing to draft a contract to force a sale if planning is granted? or do you literally have to purchase the property and then hope and pray that you can negotiate permission to build a permanent dwelling?
I know the obvious answer is go and talk to professionals, but at this stage, it is purely ideas and feasibility checking.
So to keep it short, there is a plot of land available with an old industrial building that is looking perfect for a house conversion.
However, it's currently only got planning permitted for a "holiday Letting". Looking over the planning application there is only a very small section of the planning consent that shows a benefit to not being a permanent residence.
Now, reading a few bits of information, a third party can apply for planning permission with the permission of the current owners etc.
This for me poses a couple of questions, whats to stop them from having you do the leg (and wallet) work for the planning permission and then pulling the sale and developing the site themselves? Would a solicitor be willing to draft a contract to force a sale if planning is granted? or do you literally have to purchase the property and then hope and pray that you can negotiate permission to build a permanent dwelling?
I know the obvious answer is go and talk to professionals, but at this stage, it is purely ideas and feasibility checking.