Land

Brown & Co is inviting best and final offers to enter into a Promotion Agreement or Option Agreement for a 28.08-acre land parcel located off Gaddesden Lane, Redbourn, AL3 7AW. The property falls within the planning jurisdiction of Dacorum Borough Council and part of it is included within the Hemel Garden Communities Growth Area. The landowner is seeking a partner to promote the land for development, with the option to extend the agreement for up to 5 years plus two 5-year extensions. The proposed terms include the promoter's obligations, such as using their endeavours to maximize the value of the land, providing updates on progress, and seeking the landowner's approval for planning applications. The promotion/option fee is non-returnable but deductible from the sale price, and the landowner is seeking proposals for the discount to market value and overage provision. Interested parties are invited to submit their best and final offers by 17:00 on 3rd April 2025.