Purchase of Commercial Property

When making decisions regarding a Commercial Property investment, there are many factors to weigh up and consider, including tax implications. Commercial Property transactions can be complex so it is strongly recommended that you seek expert legal advice from an experienced Commercial Property lawyer at the outset.

Acquisitions of Commercial Property can often be complex with high financial risks.  At Pickerings, we work collaboratively to enable you to reach your goals which often leads to long-standing relationships with our clients, which means we are their main point of contact for all property matters throughout the course of their business.

Understanding your wish to complete a purchase as quickly and efficiently as possible, whether it be freehold or leasehold, we can offer practical commercial advice whilst guiding you through the buying process, including;

  • review of the property title - to identify who owns the subject property and understand the full extent of rights and reservations affecting the property
  • review of specific exceptions or restrictions such as access, utility supply, restrictions, covenants and more - to ensure you can develop and use the property as desired
  • commission of searches and enquiries, including local authority searches, drainage and water, environmental/flood risk searches and highways…
  • negotiation of the sale/purchase agreement and drawing up of a contract - incorporating the standard commercial property conditions
  • navigation of Stamp Duty Land Tax Returns (SDLT) according to associated thresholds
  • transfer and completion of the property
  • post-completion registration formalities at the Land Registry.

For further details contact the team on 01827 317070 or email comprop@pickerings-solicitors.com