Tips and pointers needed for purchasing UK freehold land.
I've been looking to acquire additional land in the UK and was curious if anyone reading this had personal experience purchasing non residential
I already own a leasehold flat in London am continuously evaluating other opportunities in this sector, so I'm fairly comfortable with the process, jargon and market dynamics but I'd like to get more information regarding freehold non residential property.
Specifically, what is considered the busy season? For example, we know (typically, these are strange times) that autumn is one of the busier seasons for those London residential purchases - is there an equivalent period when purchasing land? Ideally I'd like to time my purchase during the slower season to gain maximum leverage over sellers.
Also process - a good Solicitor is key, but is it common to get property tested for contamination, etc? I got my garden tested when I purchased by flat in London, simply because I wanted to grow veggies, but is this commonly done for multi acre countryside acquisitions? What are my liabilities regarding issues such as travellers and other, unauthorised access to the land?
Regarding the Solicitor, I haven't done significant market research but I'm getting quotes of between £500 to £700 for purchase process, with timing of roughly one month advanced; high / low / ballpark?
Also many of the properties I've been looking at seem to come with restrictive covenants; while one prohibiting commercial use such as a campground or racing track I'm fine with (this purchase is nothing more than an inflation hedge) but others have me troubled (e.g., right of access by the seller in perpetuity, right of first refusal in terms of selling) and I was wondering if these were enforceable or if folks have had them successfully rescinded post sale?
Covenants have me particularly concerned as I'm specifically interested in freehold
property (as I already own a leasehold) and these "strings" (for want of a better phrase) hardly seem appropriate.
Finally, resources. I'm currently using
UK Land & Farms
Woods for sale
UK Land Directory
as well as few agent sites I found off those resources; any other leads?
Many thanks for your help !