Buying and Selling Commercial Property for Business

When it comes to the intricate process of selling and buying commercial property for your business, you can trust Newtons Solicitors.

Our team of experienced professionals will work closely with you and your other advisers, from negotiating agreements to securing a smooth completion, ensuring you feel confident every step of the way.

Reach out to us today if you are interested in our commercial property law services, or read on to learn more about our buying and selling processes.

What is the Process of Buying and Selling Commercial Property?

Buying and selling commercial property can signify an exciting new chapter for your business. However, it also comes with significant risk. This is why the correct processes and procedures must be followed for a smooth, safe, and secure transaction. So, what does buying and selling commercial property involve?

Buying Commercial Property for Your Business

The economic climate can provide extra hurdles when purchasing or selling commercial property. Needless to say, buying commercial property for your business is a substantial investment that can require a hefty mortgage deposit. With so much at stake, we thoroughly recommend consulting a professional to ensure you follow the process accurately.

Some things to consider in the commercial buying process include:

• Checking existing or pending development plans for the area in question
• Scoping out the local area and environmental reports
• Organising surveys
• Checking planning permission
• Negotiating terms and conditions of the sale
• Securing financing for the sale
• Drafting, reviewing, and signing the contract
• Transferring funds
• Ensuring compliance with local regulations

Selling Commercial Property

If you want to sell a commercial property, we provide comprehensive guidance from the outset of your transaction until the sale is finalised. After all, this procedure presents several challenges, from navigating complex legal documents and finding the right buyer to valuing your property accurately.

The process of selling commercial property involves:

• Marketing the property to potential buyers
• Providing detailed property information and addressing inquiries
• Negotiating terms and conditions to reach a contractual agreement
• Drafting and signing the purchase agreement
• Facilitating the buyer’s inspections and due diligence, addressing any issues if necessary
• Finalising legal documentation and transferring property ownership
• Settling any remaining taxes or other obligations

When buying and selling commercial property, a lawyer can help ensure the process is as smooth as possible. We can help you develop a good relationship with your prospective buyer or seller to reach a mutual agreement. We can also provide legal assistance regarding matters of commercial property finance.

The Benefits of Buying or Selling Commercial Property with a Lawyer

There are many reasons to consider hiring a solicitor to buy or sell your commercial property. For example, you can benefit from:

• Professional expertise

When it comes to buying and selling commercial property, our lawyers are experts. They have a wealth of experience and can help clients navigate complicated legal processes. We can ensure that all transactions comply with current laws and regulations, keeping clients’ best interests at heart.

• Peace of mind

We’re here to help mitigate risks in buying or selling commercial property. We protect our clients’ interests when drafting and reviewing contracts to minimise any risks that could crop up in the process. Furthermore, we can handle legal disputes professionally, so you don’t have to.

• An efficient transaction

A commercial property lawyer can streamline the transaction process, ensuring a smoother completion. Furthermore, our solicitors are well-practised in communicating with other professionals, including financial advisors and real estate agents, to achieve hassle-free transactions. If the transaction involves selling or buying a business, we will advise on the transfer of employees and assets and negotiate any warranties on your behalf.

• Financial guidance

When buying or selling commercial property, a solicitor can offer investment advice and identify financial risks. Our team can offer insights on the legal aspects of property investments and help you make an informed decision.

Work with Newtons Solicitors to Buy or Sell Commercial Property

Whether you are buying or selling an office, warehouse, factory, or farm, a commercial property solicitor will work closely with you to provide clear advice and the right solution for you and your business.

After all, our team has extensive experience in dealing with buying and selling commercial property, from the straightforward to the more complex. We can also offer assistance in other commercial property law services, including commercial lettings and leases.

Please contact our commercial property team today for legal advice on buying and selling commercial property.