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Top Adding - Land Buying Scam - UK Property Investors be Warned
Update
Property Hawk highlighted back in December the existence of some very dubious land buying schemes. Whilst other less reputable landlord sites were promoting them and no doubt taking large commissions from these dodgy companies, Property Hawk advice was unequivocal “don’t touch th
Property Hawk highlighted back in December the existence of some very dubious land buying schemes. Whilst other less reputable landlord sites were promoting them and no doubt taking large commissions from these dodgy companies, Property Hawk advice was unequivocal “don’t touch th
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
em with a ‘barge poll’” we said. Now Property Hawk has learnt from the BBC that Action Jack a company marketing plots of land is the third company to be wound up by the Insolvency Service for corporate abuse. This company acted as the broker for The English Land Partnership (ELP) the organi
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
sation that owned the land. The Insolvency Service now part of the DTI is currently taking action against another 21 companies involved in similar land marketing schemes.
Here at Property Hawk you can be assured that we will only recommend products that we genuine think are good and of benef
Here at Property Hawk you can be assured that we will only recommend products that we genuine think are good and of benef
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
t to landlords. See our recommended links for some of these useful products. Feel free to leave your own feedback and comments.
Land as an investment
There is no denying that land like property land has been a fantastic investment over the last 10 years. The simple reason for this is
Land as an investment
There is no denying that land like property land has been a fantastic investment over the last 10 years. The simple reason for this is
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
that it is treated as a residual cost by developers when doing their development sums. This means that a developer will work out how much it costs to build a development, together with other associated expenses such as finance and profit. They then calculate the total value of the project.
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
The difference between the two is the amount they can afford to pay for the land. Therefore, as residential values have continued to soar and despite build costs also rising; it has meant that land values have largely continued to rise in line with house prices. In many cases they have act
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
ually outstripped house prices as eager developers compete with each other to get ‘there hands on’ more and more scarce plots of land. This scarcity factor is reflected in the varying proportion that land makes up of total costs in different parts of the country. In the north land costs wil
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
typically contribute 40% of the price of a new property. In London and the South-East where land is scarcer, this figure would typically be nearer 60%.
Value reflects use
The value of land however largely reflects what you can do or build on it. This is controlled by the planning syst
Value reflects use
The value of land however largely reflects what you can do or build on it. This is controlled by the planning syst
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
em and means that there is effectively a dual pricing structure. Most land is without planning permission and is in agricultural use. The value of this land reflects the economic outputs of its use. In the case of agriculture this is not a high value economic use as only relatively modest
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
rofits can be generated from large areas. This is reflected in the current value of agricultural land of between ?2-3k per acre.
However, where planning permission is granted for a change of its use for say housing development, its value is transformed in an instant to reflect its developme
However, where planning permission is granted for a change of its use for say housing development, its value is transformed in an instant to reflect its developme
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
nt value. Residential building land can be worth millions of pounds per acre, often over a hundred times its agricultural value.
Dual pricing
This dual pricing structure represents ‘on the face of it’ a great opportunity for speculators to make vast profits by buying land cheap and the
Dual pricing
This dual pricing structure represents ‘on the face of it’ a great opportunity for speculators to make vast profits by buying land cheap and the
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
n waiting to receive planning permission. It sounds simple. It’s not; as a town planner I have been involved in the whole tortuous process of land becoming zoned as development land.
The process can take 5 or more years to be included in the Development Plan for the area. Even areas of la
The process can take 5 or more years to be included in the Development Plan for the area. Even areas of la
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
d on the edge of an urban area have no certainty of being included for development and political manoeuvrings means that land which is initially included can be removed as potential development right at the end of the allocation process.
Option agreement
All this uncertainty together wi
Option agreement
All this uncertainty together wi
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
th the amounts of time and money that is involved in promoting potential development sites through the process means that many sites are bought or optioned by house builders or specialist development companies with access to the necessary expertise and finance. An option agreement incidental
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
y, is where a landowner agrees with a developer to give them the right to buy the land for a set period of time and sometimes at a pre-determined price. This gives the developer the potential to buy development land without tying up all their capital and also gives the landowner a capital su
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
m irrespective of them being successful in their land being designated for development.
Land investment scams
This all brings me back to the reason for this article, which is two fold. Firstly, it is to educate you a little in the ‘mysterious’ ways of the UK planning and development sy
Land investment scams
This all brings me back to the reason for this article, which is two fold. Firstly, it is to educate you a little in the ‘mysterious’ ways of the UK planning and development sy
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
tem. Secondly, it is to warn you of the many land investment scams that are doing the rounds. I was recently alerted by an e-mail from another landlord site that has sent out a marketing e-mail of a land investment scheme being promoted by Leaders in Land. This scheme is not alone.
All you
All you
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
need to do is enter ‘land investment’ in Google to be bombarded by companies pertaining to offer irresistible opportunities for investment. The scheme in question is typical in that it offers to sell investors a plot of land for tens of thousands of pounds with the promise of large uplifts
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
hen it receives planning permission. The reality is that these schemes offer little or no chance of receiving planning permission and will stay in their existing or agricultural use for many life time if not for ever.
My advice - don’t touch them with a ‘barge poll’. If you want to buy lan
My advice - don’t touch them with a ‘barge poll’. If you want to buy lan
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
d, why pay semi development value for sites which will never be granted planning permission when you can purchase the same type of land at a fraction of the cost at agricultural prices. Remember, a fool and their money is soon parted – so hang on to yours for a worthwhile property investment
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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