Converted engine house for sale... What am I bid?

I guess the factor that will most influence the sale price is if whether it could be changed to residential use, though thinking on there's a lot of leeway in the GPDO rules for converting office space if you can show it's not viable for business use. Probably will go for silly money then...
 
Even a 1 bed terrace is up for £280,000
Seems hard to imagine it's going to be bought for much less than that even if not residential if there's even the slimmest chance of change of use
 
Its in the middle of a business park so you would not get a change of use to residential. The property prices unfortunately reflect "London money" after second homes
 
Would you get mineral rights for the old shaft workings ?

Would it be mineral rights just for the land plot ?

i don’t understand know how it works
 
Mineral rights are usually owned by a separate entity (eg Crown, Church, descendants of a Duke who quietly killed someone's inconvenient brother) and are completely separate from the freehold. There is a general permission which allows shallow digging, eg foundations for buildings, but any intrusion (trespass) in depth (eg deep pilings or holes to plant wind turbines in) can involve negotiation with (ie you pay) the mineral rights owner as it effectively 'sterilises' a block of mineral, even if that mineral is only shale or boulder clay or other useless medium. It is not unknown for a property to have mineral rights included, but by and large they are decoupled. Even the doziest of solicitors should be able to advise the purchaser of this situation as well as any other liens and covenants (such as being held responsible for the lead roof on the local cathedral)
 
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Mineral rights in that part of the country are mostly owned by the Duchy. When the mines were at work it was under licence and percentage of a mines ore sales had to be paid to the mineral owner as 'dues'. There are exceptions, Trevellas Coombe mineral rights are owned by Colin Wills if he is still around, hopefully. This is the Blue Hills stamps were you can visit for a small fee.

Tom is a director of Natural Amenities Ltd which owns the Craig y Dinas mineral estate. Soil landowner is Welsh Government. This situation of separate ownership was caused by what is called a "severance" wherby land gets sold but the vendor retains certain rights. This can be Minerals, Mines and Minerals (Dinas), or other rights such as Sporting. Its a complicated business and there are also Manorial Rights and other kinds such as in Royal Forest of Dean. Separate mineral ownership, as legendrider touches on, can cause issues, and awarness arose in 2010 with Countess of Lonsdale V Tesco

Compensation for what has become known as "mineral trespass" is small, but the power lies in the mineral owners ability to raise a stop notice and then go for an out of court settlement, usually known as "Ransom Money"
 
Worth mentioning for anyone who wants to persure this complicated branch of law is the book- "History and practice of the Law of Mines and Minerals" by Jean Cantlie Stewart. It was written some time ago and there has been some changes to law. Namely Bocardo V Star Energy 2010, and the aformentioned Countess of Lonsdale V Tesco 2010. 2010 was a good year for legal precedents and test cases. The Countess of L case was not actually subject to a final judgement, but Tesco actually caved in, so its generally perceived as indication of where it was going. That was when the panic started. LOL
 
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