As noted the 7000 was a transaction fee. The land was part of a more complex deal.
As for the rest of this: land gets planning permission when plans are presented - which is what property developers do for a living.
I would not expect somebody to plank down >1m on an asset they had no idea how to utilise: the expectation is the land will sell to a developer who is ready to go through that process.
As for the rest of this: land gets planning permission when plans are presented - which is what property developers do for a living.
I would not expect somebody to plank down >1m on an asset they had no idea how to utilise: the expectation is the land will sell to a developer who is ready to go through that process.
What else would anybody do with it?