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
The question is, do you want a commercial plot that you plan to keep and build on yourself later, or do you want to sell it in 10 years? Or do you want to make as much money as possible? If you or the municipality don’t want it, your land will not be subdivided or altered. If it is changed, be careful with the taxes.
In der Ruine22 May 2023 08:07ernieundbert schrieb:
instead of 300m x 10m (984 ft x 33 ft), for example 30m x 100m (98 ft x 328 ft).That would really be a remarkable feat.E
ernieundbert22 May 2023 09:01The plot is located right in the center of the area, and we have already been informed about the development costs.
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ernieundbert22 May 2023 09:03We plan to sell the plot after development; it has been owned by us for 30 years.
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KarstenausNRW22 May 2023 09:11ernieundbert schrieb:
We want to sell the plot after development; it has belonged to us for 30 years.Then consider who would want to buy such a narrow strip of land—even if it is developed—and at what price. After some serious thought, you’ll probably conclude: no one wants the plot by itself. Maybe it could be used to extend a neighboring property. But in that case, the neighbor would only need about 50m (165 feet) of the 300m (985 feet) length. Then you have to deal with surveying, pricing, and the transfer process.ernieundbert schrieb:
The plot is located right in the center of the area, and we have already been informed about the development costs. Yes, a small green space always benefits any area. And if it's privately owned, the city doesn't even have to maintain the dog park.
For commercial properties where an access road, fleet parking, or parking area belongs to a building, hall, or pavilion, with a setback of 3 meters (10 feet), meaning a maximum building distance of 4 meters (13 feet), the attractiveness is not really there, is it?