Purchase and Sale L2-3 Flashcards
1
Q
Describe your Chelsea disposal site? (L2)
A
- Denyer Steet
- Restaurant on ground floor with one resi units
- Proposed: Refurbishment of ground floor. Two additional redi units, reconfiguration of existing unit
2
Q
How did you start your Chelsea (Denyer Street) disposal?
A
- Conflict Checks
- Terms of Engagement with (ToB’s, AML flyer, Prop reg from)
Post receipt of signed terms
- AML checks - ID and proof of address
Marketing material
- Brochure
- Data room
3
Q
Describe your Notting hill site (Level 2)?
A
Site with planning for six houses.
4
Q
What did you do after the marketing period for the Notting Hill site?
A
- Sent call for bids email
- Complied bid bid schedule
- Presented schedule to client
- Drafted Heads of Terms
5
Q
What was included in call for bids email?
A
- Date and time of deadline
- Identity
- Solicitors
- Price
- Conditions
- Timings
- Funding
6
Q
Describe your site in Romford? (Mawney Road)
A
- Junction of two busy roads in Romford
- Currently used for Car garages (Sui Generis)
7
Q
Describe the process of your Romford site?
A
- Scheme was declined planning for 23 units
- Smaller 21 unit scheme was advised
- Informal tender process was advised
- Due to market conditions and tine constraints auction back up was advised.
8
Q
Why did your Romford site get planning refused?
A
- 23 unit scheme was intrusive and overbearing
9
Q
Why was it a short time frame for Romford site?
A
- Vendor were looking for a new site.
10
Q
Describe your Barnet site?
A
- 0.6 acres of vacant land
- Planning for six four bed houses
- Planning came with assessments and surveys
11
Q
What was your involvement in Barnet site?
A
- Viewings with director in accordance RICS Surveying Safley 2018
- Advised bid deadline
-Collated and reviewed bids with client
- Advised second round of bids
- Drafted heads of terms
- On hand to assist with lawyers
12
Q
How did you review bids for barnet site?
A
- Went through company, conditions, timing and financing of each bid
