Buying and selling commercial property
A business which owns the freehold in its premises can count that as another of its assets. Whether or not it is a sound investment can depend on the care taken during the buying or 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
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.
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.
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