Marketing & Disposal of Nether Horsburgh

Description

FLS had a requirement to place a contract with an external service provider for the appointment of a agent to market and dispose of FLS, and the adjacent landowners, property at Nether Horsburgh, near Peebles in the Scottish Borders. FLS required an experienced agent to target developers to agree an Option Agreement over the subject property, with an expectation that the developer will be able to bring forward a mixed-use masterplan to coincide with the emergence of the next Local Development Plan. Purchase would be triggered on securing planning consent. FLS were interested in agent's views on: • Length of Option Agreement; • Option Payment; • Agreement content. This is a long-term instruction requiring: 1. An initial Marketing Report outlining strategy including marketing costs; 2. marketing period; 3. securing a strategic housebuilder, land promoter or developer; 4. negotiating terms of Option Agreement; 5. monitoring progress and reporting to FLS; 6. liaising with solicitor through process to sale completion and settlement.