CASE STUDY

Urban Extension, Bridport

Name: Chesters Harcourt
Address: Motivo House, Bluebell Rd, Yeovil, Somerset, BA20 2FG, UK
Telephone: 01935 415 454
Price range: $

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Collaboration with neighboring allocated land and taking advantage of a ransom position

25 acres of land within an allocated area for development that became crucial to the success of the whole scheme

Negotiated enhanced terms for the sale of the land to reflect the importance of the particular parcel to a much larger and allocated scheme. Dealing with the neighbour and promoter to create a ‘landowners agreement’ that would work for obtaining the consent and any subsequent disposal.
Planning permission was obtained at nil cost to the landowner. The local community objecting to the scheme (albeit on land that was already allocated) caused a one year delay whilst the permissions were ‘Judicially Reviewed’ by an independent Court. With no case to answer the combined property was placed in a national market during Covid period. Resulting in all bidding and contracts being carried out on-line and a sale to a consortium of house builders. The scheme maximized the value of the combined land to include 720 houses, a school and employment land and a wide swathe of landscaping.
The whole scheme sold in excess of £25m involved Chesters Harcourt representing the best interests of a minority landowner to achieve a cash sum and 15 acres retained with the benefit of planning permission and access – all at nil cost to the landowner.

15

acres

of serviced employment land