Panel of experts will outline the opportunities presented by Permitted Development Rights.
Farmers who are looking to revitalise redundant agricultural buildings and reinvent them as residential dwellings are being offered the opportunity to hear from specialists in town planning, commercial surveying and financial planning at a free seminar next month entitled ‘Sheds Today, Houses Tomorrow’.
Hosted jointly by Lovewell Blake, Durrants and Barclays, the free event at Park Farm Hotel in Hethersett on Wednesday 1st March will see experts outline all aspects of building conversion, from securing planning approval, valuation and developing a sales strategy, to lending considerations and navigating tax requirements.
- Hamish Lampp from Durrants, who will outline the planning approvals process governing the conversion of farm buildings to residential use
- Andrew Miller and Liz Hill from Lovewell Blake, who will consider the likely tax and VAT consequences arising from the retention of converted buildings, or from any subsequent sale
- Mark Hawes from Barclays, who will run through short- and long-term lending considerations for these types of projects
- Chris Solt, Lovewell Blake’s Norwich agricultural partner, who will give an overview of current factors affecting farming finances
Lovewell Blake partner Brian Bale, who will chair the seminar, commented, “Permitted Development Rights have dramatically changed the planning landscape for farmers seeking to convert derelict and redundant agricultural buildings for residential use.“Historically, the planning bar for conversion was set very high, with conversions having to pass numerous policy tests before permission would be granted. Now the permitted development regime means that any farm building, old or modern, that can be physically converted, is allowed to be converted, subject to certain set criteria.
“It’s a real win:win for rural communities: the process is much simpler than it was, and it means that more residential dwellings will be built for local people to live in – and the developments will also provide much-needed additional income for hard-pressed farming businesses.”
‘Sheds Today, Houses Tomorrow’, hosted jointly by Lovewell Blake, Durrants and Barclays, takes place at Park Farm Hotel, Hethersett on Wednesday 1st March at 7.15pm. The event is free, but places must be reserved in advance.