Delivery of Capital Receipts
Having established that surplus land exists, the ultimate aim of all of our projects is to convert this into funding for school improvements. The delivery of capital receipts is just as important as identifying the potential in the first place and, if not handled with care, can mean the sums achieved are diminished, sometimes substantially.
Tailoring to the Market
To best exploit the potential value in surplus school land it is essential that enabling development proposals are tailored to market demand. We will assess the site and the market at the start of every project to establish the type of development most suited to the site. This will form the basis of the development proposals but, as the site layout evolves through the planning stages, the master plan is regularly checked against value to ensure this is maximised at all times and best suited for the market.
Marketing and Disposal
We are able to lead the whole process – using our experience to avoid the pitfalls that can sometimes becalm complex disposals – with the single aim of delivering the capital receipts needed for school improvements.
With our own graphic design capabilities, we are able to plan and execute marketing materials and publication advertisements created to attract the best bids in the market. We also have good relationships with the leading property market publications, such as Estates Gazette and Property Week.
Our extensive experience of dealing with residential development sites means we know how to reach the full range of developers and other market players. Our offer documents are considered and thorough and are designed to reduce the element of price chipping that can follow a normal bidding process.
Due Diligence
When presenting land to the market, it is important to have addressed all of the site-related legal and technical obstacles beforehand. Not to do so presents potential purchasers with opportunities to chip the price down, thus reducing the amount of funding that can go towards school improvement projects.
TCA Property's unique range of skills means we can take on all of these challenges in order to present a “clean” site to market.
