ᐅ Development land for commercial use – long, narrow plot
Created on: 21 May 2023 10:48
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ernieundbert
Hello,
we have almost 3,000 sqm (32,300 sq ft) of commercial land designated for future development. Unfortunately, it is a long, narrow plot. The municipality wants to buy it, but we prefer to sell only after the land has been developed. Now my question: Such a long, narrow plot is hard to sell, especially since all the surrounding land belongs to the municipality. After the development, will the current shape remain, or will the plots be divided into more rectangular shapes— in other words, instead of 300 m x 10 m (980 ft x 33 ft), more like 30 m x 100 m (100 ft x 330 ft)?
Thank you
we have almost 3,000 sqm (32,300 sq ft) of commercial land designated for future development. Unfortunately, it is a long, narrow plot. The municipality wants to buy it, but we prefer to sell only after the land has been developed. Now my question: Such a long, narrow plot is hard to sell, especially since all the surrounding land belongs to the municipality. After the development, will the current shape remain, or will the plots be divided into more rectangular shapes— in other words, instead of 300 m x 10 m (980 ft x 33 ft), more like 30 m x 100 m (100 ft x 330 ft)?
Thank you
ernieundbert schrieb:
But I am also grateful for any assessment.We do not know anything and therefore cannot make any assessment. Nothing about the district, nothing about the rest of the area, nothing about the surroundings, nothing about how the municipality operates, and nothing about their objectives.Glass balls were out of stock again... A 300 x 10 m (984 x 33 ft) plot developed from the 10 m (33 ft) side probably won't be subdivided. After all, the development extends from the 10 m (33 ft) width side. Sometimes, with the information provided, you really have to shake your head at certain questions.
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ernieundbert21 May 2023 21:27The 300 x 10 is obviously an exaggerated example of a narrow, long plot of land; I thought that was clear... The question was simply whether a narrow, long plot of land, after development, is kept in its original shape or is re-parceled.
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KarstenausNRW21 May 2023 21:31Question 1: Is there a land redistribution procedure?
If not, the simple answer is: you will have to pay the development costs but end up with a plot that cannot be sold.
If yes, then question 2 is: Will your property be included if you don’t sell now?
From how I understand your initial post, in the end you will be stuck with a plot that is just as unsellable as it is now. For a modest 3,600 m² (approximately 0.9 acres), a) the municipality, unless there is extreme pressure, is unlikely to make any special effort. Around your property, there are many attractive plots that the municipality can divide exactly as an investor or buyer needs.
If not, the simple answer is: you will have to pay the development costs but end up with a plot that cannot be sold.
If yes, then question 2 is: Will your property be included if you don’t sell now?
From how I understand your initial post, in the end you will be stuck with a plot that is just as unsellable as it is now. For a modest 3,600 m² (approximately 0.9 acres), a) the municipality, unless there is extreme pressure, is unlikely to make any special effort. Around your property, there are many attractive plots that the municipality can divide exactly as an investor or buyer needs.
ernieundbert schrieb:
My actual question is about the shape of the plot. ernieundbert schrieb:
The question was simply whether a narrow, long plot remains as it is after land development or if it gets rearranged. Land development usually takes place only after land consolidation, but these are separate procedures. The purpose of land consolidation is never to give each participant a nicer-shaped plot than before. Yet, as if by magic, the most difficult dissenters always end up with the worst piece.
KarstenausNRW schrieb:
Question 1: Is there a land consolidation procedure?
If not, the simple answer is: you can pay the development costs but will be stuck with an unsellable plot. If yes, then question 2 follows: Will your plot be included, assuming you don’t sell now? In practice, I only know one situation where a plot is not included in the land consolidation area: when it is excluded from the land-use plan’s scope. There will certainly be a justification for that. You cannot always bend regional planning to everyone’s wishes, especially those wanting a larger share of the benefits from land redistribution.
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The intention behind the question is unclear to me. If the property is sold, the probability of a subdivision is 99%. However, this is then irrelevant for the OP.
If it is not sold, the land will be excluded during development and marketing. Depending on the location, it will then be worth less than before.
If it is not sold, the land will be excluded during development and marketing. Depending on the location, it will then be worth less than before.
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