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Does selling airspace devalue a property?

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  • Does selling airspace devalue a property?

    Our organisation owns a one storey commercial property which is situated between 2 developments. One has already completed and is 3 floors high and the other side is in the planning stage, also for 3 floors. We have been approached to see if we are interested in selling our airspace for development in return for refurbishment of our property. My question is would this devalue our property in the long term if we wanted to sell it?

  • #2
    Re: Does selling airspace devalue a property?

    Short answer is a big YES!
    Why not sell your whole property for a premium price and cash in on the interest?
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