Investment case studies
Hanover Close, Ashford
Thursday, December 18, 2014
In Ashford, Middlesex, Frosts surveying department carried out a probate valuation for a local family. They negotiated the value of the house with the district valuer for probate purposes. Planning consent was then secured for the estate to create multiple residential units on the property. The Frost Partnership was then instructed to sell the land with planning consent and this was bought by a development company. A deal was struck whereby the payment for the land equated to a number of the finished flats for the original landowner.
The Frost Partnership was then instructed to sell the remaining flats on the open market for the development company and to let and manage the finished flats on the open market for the family estate.
Projects of this nature often come literally up against a brick wall where change of use, existing covenants etc are involved and expertise across a range of departments is needed to solve the complexities and challenges posed by property legislation. Breadth of knowledge and experience provide Frosts with the scope to think outside the box and work around, under or over the brick walls!