The final step should not be that difficult — selling reversionary interest
Have you had troubles selling the reversion of your developments? You have completed the development of a site and sold all of the plots; you then wish to dispose of the freehold or leasehold reversionary interest and want the sale to go through as quickly as possible to help finance development of the next site. This is the final step and is often overlooked by developers until the last minute.
To avoid last-minute hurdles, there are a number of points to be aware of during the development and plot sales process. These tips can assist the disposal of your interest in a development, saving time and money that you may not have expected or taken into account as part of the overall development costs…
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Briefings from Winckworth Sherwood
The community right to buy introduced by the Localism Act 2011 is based on the concept of giving local people the opportunity to take control of assets and facilities in their neighbourhoods.
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