Buying and selling commercial property
A business that owns the freehold in its premises can count that as another of its assets. Whether or not the commercial property is a sound investment can depend on the care taken during the buying and selling process.
Freehold ownership gives a degree of autonomy rarely found in leasehold arrangements. Owners can make, or apply to make, changes to the property. They can occupy it for as long as they like and even choose to become landlords and generate rental income.
While the benefits are significant, there’s no escaping the financial outlay involved in buying a freehold. For that reason, it’s crucial that the process of identifying the property and making sure it does everything a business needs now – and may need in the future – is thorough.
How we can help
At Nelsons, our commercial property solicitors in Derby, Leicester and Nottingham advise on the buying and selling of every type of commercial premises. The team work with businesses to find out exactly what’s needed in terms of:
We then discuss the best options for you and your business. Our team are meticulous in commercial due diligence, identifying actual and potential issues and the ways in which these might be overcome and used to your advantage during negotiations.
From searches and pre-contract enquiries to planning restrictions, valuations and drafting and negotiating the agreement for sale or purchase, whatever the scenario, our commercial property solicitors offer expert support which adds value.
Our team is also recommended by the independently-researched publication, The Legal 500, as being one of the top teams of experts in the country.
Testimonials…
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"With particular expertise in the retail and education sectors, Nelsons...Leicester team is instructed by developers, investors and banks in various matters, including lease agreements, investment purchases, secured lending transactions and property sales."
The Legal 500
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"Nelsons Solicitors Limited's varied portfolio of work includes strategic land acquisitions, lease agreements, site assembly and project finance transactions."
The Legal 500
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"Its team is approachable, knowledgeable and refreshingly easy to deal with, compared to some. It has a wide variety of expertise and inspires confidence that, if it is instructed to deal with a matter, it will do so promptly and efficiently."
Referee feedback provided to The Legal 500
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"Personal service and timely responses set this firm out from others I have worked with..."
Referee feedback provided to The Legal 500
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"...They are experienced and technically knowledgeable, yet have a can do attitude and having fully explained all the risks and identifying opportunities they let you get on with making the best decisions for the business."
Referee feedback provided to The Legal 500 2023 (Continued)
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"The Commercial Property Team, headed by Riaz Dudhia, is solid from top to bottom without a weak link. They are unfailingly commercial, which is what I want in a law firm."
Referee feedback provided to The Legal 500
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"The team at Nelsons in the Commercial Property Dept are experts in their field. The team is led by talented directors who are able to disperse work within their team in order to satisfy clients needs with ease and a high standard of service."
The Legal 500 2023
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"The key attribute of Nelson’s commercial property team is the quality and accessibility of the team."
Referee feedback provided to The Legal 500 2024
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"The key attribute of Nelson’s commercial property team is the quality and accessibility of the team."
Referee feedback provided to The Legal 500 2024
If you would like any advice or assistance in relation to buying or selling commercial property, please get in touch with us via our online enquiry form or call 0800 024 1976 to find out how we can help.
