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Property Investor Case Study 1

Albert Simms was a well known local property investor. Some development land was being sold at auction which Albert knew to be in an excellent location. He bought the land at auction for £750,000 which he considered a fair price because he knew that it already had outline planning permission. Unfortunately, Albert had not completed a pre-auction property check. He subsequently discovered that a small strip of land providing access to the site was owned by a neighbouring farmer. The farmer was not keen on property developers and refused to sell the access strip to Albert. After three years delay, the farmer finally agreed to sell the small strip of land for £250,000. Barnes Marsland Property could have completed a pre-auction check on the property for about £500 and saved Mr Simms a great deal of money.

Call Barnes Marsland today on 0845 270 3999 or email property@barnesmarsland.co.uk to outline your requirements


 

 

Barnes Marsland - protecting your property interests