11:53 AM, 12th April 2022, About 2 months ago
A Window of opportunity now exists for property developers in areas with expiring Article 4 restrictions? The Housing Minister, The Rt Hon Stuart Andrew MP, has asked a number of London Boroughs to revise their article 4 applications rejecting blanket Article 4 applications across Boroughs.
Royal Kensington and Chelsea believed as a small council they would be exempt from the amended paragraph 54 of the GDPO however the Housing Minister thought otherwise. Will these councils need to re-apply for an article 4 direction? Absolutely if they wish to replace expiring Article 4’s
How long will amendments and re-application for article 4 direction take? At least 12 months from the expiry of existing article 4 directions.
What happens in the meantime after current article 4 restrictions expire in the summer???? An open goal for property developers to convert vacant commercial buildings across London.
Most UK councils will be affected. We refer to 8 specific case studies in this video.
All these questions are answered in this must Watch video sharing how you can seize the opportunities presented.
Find out which councils are affected and learn what this opportunity means to you.
The expiry of these article 4 directions creates a window of only 12 months in which property development opportunities can be tied up as existing Article 4 expire 31st July 2022 for the old class O permitted development before councils can introduce Article 4s for the New Class MA commercial conversion permitted development right.
Until the councils undergo fresh mandatory application procedures and the Housing Minister then approves new article 4 directions all commercial property in Use Class E will be eligible for conversion using permitted development using Class MA
Linda Wright from PlanItWright explains what exactly has happened and the implications to councils and opportunities for developers in the video below:
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