Belfast·SPG002 Development Viability·Page 20·4.7.1, 4.7.2
Site Assembly and Acquisition Costs
Costs associated with acquiring interests such as leases, rights of light, party wall agreements, utility connections, and facilitating works may be included as development costs, or accounted for within contingency allowances where actual costs are unknown.
Often, in the case of development and site assembly, various interests need to be acquired or negotiated in order to be able to implement a project. These may include: Buying leases of existing occupiers or paying compensation; Negotiating rights of light claims and payments; Party wall agreements; Over-sailing rights; Ransom strips; Utility company connections / agreements; and Temporary / facilitating works etc. The Council accept that these may be relevant development costs for any specific development and so may need to be factored in as part of construction costs. Where the actual costs are unknown, this can be accounted for as part of any contingency allowance.
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