The Commercial Real Estate department at Harold Benjamin were instructed earlier this year on the acquisition of a vacant commercial property. The site had the benefit of planning permission which allowed for the demolition of the current building and the subsequent development of eight residential flats. The purchaser, a sophisticated property developer, used their own construction team for the build. This client was represented by David Eder.
Ensuring that completion took place on the contractual completion date
Harold Benjamin is able to provide comprehensive advice on all types of property acquisitions. For further information about build projects which have existing planning permission, or require this, please contact David Eder for further information.
The work carried out in this matter included:
Reviewing the contract pack/title documents and ensuring that any present covenants did not adversely affect or prohibit the proposed development
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Advising on search results (to include full utilities searches)
david.eder@haroldbenjamin.com
Reviewing and amending the purchase contract and negotiating architect’s licences
Advising on planning documents, Community Infrastructure Levy, Building Regulations and New Build Warranties Acting for the client in their capacity as the borrower in connection with the development loan being taken out, to include (inter alia) liaising with the lender’s solicitor, attending to due diligence enquiries and advising on the security documents Facilitating the signing and engrossment of all documentation (to include conveyancing and security documentation) in readiness for completion
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