Selling site without planning

A buyer would normally try secure planning before proceeding with the sale to protect themselves. No point buying a site to find some bull**** after that prevents planning.

fire_man wrote: »

Thanks.Is it best to advertise site and let buyer get permission themselves?If planning wasn't granted they would lose out only on costs involved.

Yes, that would be the norm. Im assuming its in a rural location?

Whats the value of the site?
If its a small site, I don't see much appetite for a prospective purchaser maybe incurring 10k in in non planning application costs, with maybe very little upside.
On the other side if there is a lot of upside from getting planning, then maybe all of this upside wont be reflected in the price you agree so you need to have some stab at the upside calculation....

Time for a blast from the past

https://www.irishtimes.com/opinion/moriarty-s-inquiry-takes-us-back-to-telecom-deal-1.257131

What we have learned this week takes us back to where we came in on this decade of disillusioning revelations, the scandal surrounding the purchase by Telecom Eireann of the Johnston Mooney and O'Brien (JMOB) site in Ballsbridge, Dublin. This is one of the most flagrant examples of public money ending up in private hands and what we have heard this week suggests the need to look at it again. In April 1989, Dermot Desmond concluded an agreement with the liquidator of JMOB to buy the Ballsbridge site for £4 million. The sale to a company called Chestvale was concluded on September 1st 1989. Just six weeks later, Dermot Desmond told his bankers, Ansbacher, that he would be selling the site to a UK property company for £5.8 million. This deal was not done, however, because Dermot Desmond had become involved in negotiations to sell the site to Telecom Eireann.
In these negotiations, Dermot Desmond was understood by Telecom to be a "bona-fide intermediary" between it and the owners of the site. Telecom did not know that he was in fact one of the owners and that he stood to make a massive personal gain from its sale. On January 9th, Dermot Desmond told Telecom that the "best price" he could get the site for would be £9.4 million - well over twice what it had cost three months previously and £3.6 million more than he was willing to sell it for two months previously. Telecom agreed to pay this price. Essentially, Dermot Desmond and a small group of associates made over £5 million in less than a year at the expense of the public.