Once a landowner establishes contact with Rosemullion, one of the directors will visit the site and give an early informal view on development potential and prospects.

Depending upon the anticipated planning outcome, the company will normally make an offer to purchase the site on the basis of an option or a conditional contract and will deal with the planning application and architectural fees involved at its own expense. In return for this and dependent upon the amount of planning risk, the company will seek a small discount from market value upon exercising the option.

To protect a landowner’s interests, the company normally suggests the timing of the market value assessment is at the date of actual acquisition (after planning consent) in order to allow the landowner the benefit of any appreciation in value between an option agreement being entered into and the date of planning consent.