Protecting Your Assets and Unlocking Development Potential in the Long Term
As Daylight, Sunlight and Rights of Light surveyors, we are often appointed by our clients to consider their aspirations for the imminent development of their sites, whether they are new site acquisitions or part of an existing portfolio of properties. Either way, they ask us to consider the development potential of their property now, or in the near future.
Often, our clients don’t realise that they may be risking the development potential of their properties diminishing over time owing to the changing landscape and the evolving Daylight, Sunlight and Rights of Light position.
Considerations for our clients:
Are your properties located in an area that has seen redevelopment take place, or is due to be redeveloped in the short, medium or long term?
Are your properties located close to other properties, of any age, whose light could one day be impacted by a redevelopment of your property?
Are you aware that Rights of Light, enjoyed either by existing neighbouring properties or to be acquired by properties in the future, has the potential to significantly impact the development value of your properties if not considered soon enough?
How much do you know about Light Obstruction Notices and how they can protect your assets?
Have you seriously considered whether you will want to add value to your properties through redevelopment at any point in the future?
Have you instructed a review of the development potential of your properties by a specialist Daylight, Sunlight and Rights of Light surveyor?
At Century Associates, we are passionate about identifying risks and opportunities for our clients. We know that investing in the development potential of your properties long before you want to redevelop them can feel counterintuitive. However, we have seen huge benefits where clients have been proactive about protecting their assets now with a view to maximising value later. Get in touch with us at Century Associates to discuss how we can review your existing property portfolio to add value for the long term.
Please do not hesitate to contact us at enquiries@century-associates.co.uk, or on 07554 939 187, for advice.