There is still plenty of land up for sale in the UK, and, as an entrepreneur, you would be wise to keep your eyes peeled on the market. A large plot could be suitable for many businesses – and it could be an excellent opportunity to provide a great income for many years to come. The big question is, what can you do with it?
In this guide, we’re going to take you through some of the best ideas for anyone who wants to turn a simple bit of land into a money-making machine. We’re talking about sizeable plots, here – not just enough to build a big shed. Not all of them will apply to any area in the UK, but we think we have most areas covered. Let’s get started straight away.
The first idea is to use your land as a car park. It’s the perfect suggestion if you live near a popular football stadium or a popular venue where tens of thousands of people descend every week. There are few startup costs, other than a parking permit from your local council, money for staff, and public liability insurance. But, the receipts you get on the gate should be more than enough to make a tidy profit.
There will be a lot of stringent checks you will need to make if you want to develop housing on your land. And, you will have to live near good road links to make it a desirable place. But, it can be a highly lucrative business that could give you the funds to pursue almost anything else you desire. You’ll need to know architects, builders, land surveyors, and people from all kinds of industry. However, with the right plans in place – and funding, of course – you have the potential to make millions out of housing development.
If your land is close to a major road or motorway link, then one of the best incomes you can get is by setting up a retail park. Big retailers love setting up shop in these. Mainly, because there are no hassles for them getting planning permission to build, and the units are all there waiting for them. We can’t stress enough the importance of those traffic links, though. So, make sure you have a solid understanding of how much footfall you can expect, and allow some room for people to park. A car park management company will be able to take care of things for you while you concentrate on keeping your high profile retailers happy.
Want a more simple life? Then think about farming. You can start this in the smallest of plots, and there is a large trend towards local produce that you can take advantage of. Farming is a tough gig, of course. But, it is rewarding in that everything you do makes money – and, of course, there are plenty of government grants available. It takes a lot of nous to be a successful farmer, though. So, think about getting some qualifications in your area of interest – if you haven’t already.
OK, so there you have it – four simple ideas that can turn an empty plot of land into a thriving business. Let us know if you have any other suggestions!