Buying a Commercial Property
If you are considering buying a commercial property, Davies and Partners Solicitors will ensure that your purchase is dealt with by an experienced commercial property solicitor regardless of the nature or value of the transaction.
Our commercial property team act for a broad range of companies and individuals regionally and across England and Wales, advising in all aspects of commercial property.
We understand that these types of transactions involve a number of legal as well as commercial issues. We will work with you throughout the transaction from negotiating the Head of Terms through to completion of the purchase.
Reasons for Buying a Commercial Property
Individuals, businesses and investors purchase commercial properties for many reasons the main being:
- To have security for their business operation.
- As an investment to add to a property portfolio or to lease the premises to a tenant.
When buying an investment property it is crucial that full and comprehensive appraisal is carried out against the property, including review of any occupational leases. We will ensure that you are guided through the entire process and provide you with a detailed report of our investigations to assist you to make a commercial decision to proceed with the purchase.
Financing the Purchase
If your investment is being supported with bank funding, Davies and Partners Solicitors can assist you. We have good working relationships with a number of commercial banks. We can advise you and guide you through the security requirements the bank want to put in place over the property as well as additional security required by the bank. However the transaction is structured, Davies and Partners can advise you fully on all aspects of the deal.
After the purchase completes we ensure that your obligations to HMRC in relation to Stamp Duty Land Tax, Companies House registration and Land Registry registration are concluded fully so that you have full peace of mind following completion of your purchase.