In the third of Sven’s video series on The Stages of Development, he is looking at the key points when undertaking Due Diligence:
The 4 Key Points To Follow:
– Legal due diligence; looking at searches, land registry, titles. Are there any easements or covenants?
– Physical site due diligence; boundaries, topographical survey, soil samples, percolation tests. Some of these tests can only be done at certain times of the year, so you will need to factor this in, especially if you’re offering option agreements/subject to contract agreements.
– Planning due diligence; MOST IMPORTANT. We recommend using a planning consultant! This is where the value is most definitely added!
– Construction & onsite due diligence; is it feasible? What are the constraints, especially for airspace developments, mixed use conversions or mews developments.