Z
z106
Guest
What do people generally think about purchasing land with the intention oif trying to get planning perission
A friend of mine is thinking of investing in this.
The land in a location 30 miles outside london in a place called hertfordshire.
It would be through a company called LPG. (As in land planning group)
LPG are HQ'd in teh isle of man and specialise in sourcing land that they feel has potential to be granted planning permission.
It will take 4 years or so before the permission would be granted.
They hope that around 350 semidetached homes will be built.
Initial investment in c. EUR30k.
THey have projected returns of nearly 400% over the course of the investment.
LPG also have included in the contract an option clause for them to buy back the land if permission is granted at the then market value should they choose.
In the prospectus there's all the usual stuff about the towns population growing etc. etc.
Has anyone had any dealings with LPG in the past?
Or has anyone gotten into this sort of thing before?
My gut instinct is that surely this can't be the besttime to be buying land in the UK ?
A friend of mine is thinking of investing in this.
The land in a location 30 miles outside london in a place called hertfordshire.
It would be through a company called LPG. (As in land planning group)
LPG are HQ'd in teh isle of man and specialise in sourcing land that they feel has potential to be granted planning permission.
It will take 4 years or so before the permission would be granted.
They hope that around 350 semidetached homes will be built.
Initial investment in c. EUR30k.
THey have projected returns of nearly 400% over the course of the investment.
LPG also have included in the contract an option clause for them to buy back the land if permission is granted at the then market value should they choose.
In the prospectus there's all the usual stuff about the towns population growing etc. etc.
Has anyone had any dealings with LPG in the past?
Or has anyone gotten into this sort of thing before?
My gut instinct is that surely this can't be the besttime to be buying land in the UK ?