Purchase & Sale Level 2 Flashcards
What was your first example?
Development site in Clitheroe
What is sole agency?
Development site in Clitheroe
Nature of the agency agreement. We were the only agents instructed to sell this site. Yo can also have joint or multiple agency
What was your fee basis?
Development site in Clitheroe
0.75% of the purchase price
What was the status of the planning application?
Development site in Clitheroe
when we launched to market it was submitted and then got accepted during the marketing period.
What is C2 planning use?
Development site in Clitheroe
It refers to Use Class C2, which covers residential institutions, like care homes, hospitals, nursing homes, boarding schools, and residential colleges, but not ordinary dwellings.
Describe the opportunity.
Development site in Clitheroe
70 bed care home development opportunity
on a 1.5 acre site
well located
good demos
freehold site
3 storey
45k sq ft
What was your second example?
Project Bloom
Descirbe the properties
Project Bloom
converted resi proeprties - not the best asset quality but they traded really well
Describe the location
Project Bloom
located in the south coast of england
What is an NDA?
Project Bloom
A legally enforcable contract between 2 parties relating to sensitive information
How many bids did you get?
Project Bloom
3
What did the offer forms contain?
Project Bloom
name
property name
timescales
offer price
funding
conditions
track record
brief overview of company
