Options Agreement
If you have available space on your land that can accommodate additional houses with proper access, we offer option agreements. Please feel free to reach out to us for further information. We will take care of all the drawings and planning applications at no cost to you. This is an opportunity you don’t want to miss!
An option agreement is a legal contract between a landowner and a developer. This ontract offers the developer the opportunity, but not the obligation, to buy the property from the landowner within a stipulated time frame. The agreement is binding and is usually used by developers to secure the property while they explore the planning potential of the land. The developer often pays an option fee, sometimes as little as £1, to the landowner. The purchase price for the property is agreed upon between the parties at the outset of the option.
The option agreement prohibits the landowner from selling the property to a third party during the option period while the developer is exploring the feasibility of the proposed development. Once the developer is satisfied with the viability of the project, he can trigger the purchase of the property by ‘exercising’ the option.
Once the option to purchase land has been exercised, it becomes an agreement that obligates the landowner to sell and the developer to purchase on the agreed-upon terms. In contrast, if it turns out that the project is not suitable, the developer can simply walk away without any legal repercussions or penalties.
It’s important to note that an option is not an obligation, but rather a choice to purchase the land. The downside for the landowner is that the developer may decide at a later stage during the option period that the proposed development is not viable and withdraw from the deal.
However, if the option agreement is drafted and agreed upon diligently, it can be a practical method for landowners to offer their land for development and reap the rewards without having to directly participate in the planning or construction process.
Our Services
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Site Acquisition
We source development sites, both market sale and off-market deals, for our clients.
Please contact us for details of sites that we are currently working on.
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Site DisposalList Item 1
Our consultants at MGA Real Estate Development Consultancy are very experienced in the disposal of sites for development.
We have the right approach to get your property in front of the right buyers.
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Valuation
We carry out valuations, whether it is for asset management or for the disposal or acquisition of land. As part of our approach of working in close partnership with our clients, we understand the importance of good valuation advice in helping them make decisions in regards to their assets and development activities. We pride outselves in providing robust and timely valuation advice.
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Viability Assessments
Concept Viability Assessment
Are the building blocks for a successful and viable development present in your project right from the start? We can help you optimise the success of your development right from the start and there will be less surprises during the rest of the process.
We will start with the feasibility of your proposals. The experience that we bring to establishing the feasibility of your projects spans years of working on large regeneration projects as well as small infill sites. Our experience of working with various architects, cost consultants, structural and M&E engineers will be of great value to you in ensuring that the right teams are on board your projects to establish options that you can in-fact run with and avoid abortive work down the line. The right level of granularity of the cost assessment ensures we have the right information to feed into the viability assessment that we carry out for you.
We can assemble experienced and capable professional team to determine the feasibility of your aspiraitions and MGA Real Estate Development Consultants will advice you its viability.
Development appriasal underpin the assessment of the viability of your development proposals, the price for the sale and acquisition of sites and more. We are development surveyors and skilled in development appraisal, having carried out many over the course of more than 15 years.
With MGA Real Estate's expert knowledge of development appraisals, we will work with the technical team to ensure you put your best foot forward with an optimal development proposal that is viable and deliver quality space for the end user as well as value for both the developer and land owner clients.
Planning Financial Viability
Planning viability assessment is an important tool that ensure that the appropriate level of benefit is secured from every development that is approved. We carry out appraisals and negotiate the s.106 benefits that the development can deliver.
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Negotiations
From negotiating final sale or acquistion price to the negotiation of terms of the purchase or sale, you will be represented by an experienced hand in negotiation.
Our consultants at MGA Real Estate Development Consultancy have proven track record of negotiating agreements, whether a straightforward transfer, conditional agreements, development and joint venture agreements. They are keen negotiators and have negotiated property deals for over 15 years. Speak to us about your projects.
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Strategic Development AdviceList Item 3
At MGA Real Estate Development Consultancy, we have a wealth of experience in looking at development site with strategic considerations and helping to deliver greater value both in terms of the quality of development delivered as well as financial consideration. One area of strategic consideration is taking a comprehensive approach to development. Could your site benefit from a comprehensive approach? Has that approach in fact become the requirement of the relevant planning authorty? Does a comprehensive approach to development deliver more for you and be more sustainable than otherwise? Click the link below to contact us for a chat.
