Buying & Selling Commercial Property

At Roythornes, our expert commercial property solicitors have been advising clients in the local community for many years. We are able to provide assistance in all manners of commercial property transactions and deals, providing bespoke legal advice to ensure that you are protected financially, whilst keeping your business goals firmly in mind.

We work with a wide range of companies who have been looking to buy or sell commercial property, including entrepreneurs and small and medium-sized enterprises (SMEs) across a range of industries. Our aim is always to foster long-term relationships, by first assessing your commercial and legal needs and then providing high quality legal services to assist you to reach your commercial goals.

Our team always take a personable and practical approach, helping you to feel confident in your decisions moving forward. Our commercial property solicitors can support you with the process of buying and selling freehold and leasehold property, as well as more complex issues such as building your commercial portfolio or transferring/mortgaging commercial property.

Get in touch with our commercial property conveyancing solicitors

To access legal support and discuss buying and selling commercial property today, contact our team in Alconbury, Birmingham, Nottingham, Peterborough or Spalding.

Our commercial property solicitors services

Whether you intend to conduct a transaction that involves premises for your business, real estate or commercial land, our expert commercial property solicitors will be on hand to provide you with the support you need during the commercial conveyancing process.

Buying commercial property

Where you require support from our expert solicitors in completing the purchase of a commercial property, we will be by your side to guide you through the entire process from start to finish, taking comprehensive measures to ensure the transaction goes ahead as swiftly and efficiently as possible.

At every stage of the buying process, our solicitors will provide clear, practical advice on how the transaction is progressing and what actions need to be taken to reach completion.

Where you have any concerns about the transaction, or our team spot an issue which needs to be quickly resolved, we will liaise with the seller to ensure all parties are on the same page, negotiating to achieve the best possible outcome.

Selling commercial property

Selling a commercial property is a significant step, so it is essential that you have the right legal support on side to make sure that you get the best possible deal for you and any business you may be representing.

As with buying a commercial property, our team can guide you through the entire sale process, handling any enquiries that come in from the buyer’s side and ensuring that exchange and completion are navigated as efficiently as possible.

Commercial property development

If you are approaching a commercial property development project, our specialist solicitors can provide expert advice every step of the way.

Our commercial property lawyers can offer various types of support for those who are approaching commercial property development projects, including:

• Helping clients to obtain development and planning permission from various authorities, where appropriate
• Assisting clients to handle any planning objections, appeals, and or helping to comply with zoning regulations
• Assisting clients with financing options for their development projects, whether reviewing the appropriate documents, or helping with the negotiation of loan agreements

Frequently asked questions about buying and selling commercial property

What is commercial conveyancing?

Commercial conveyancing means the legal process of transferring the ownership of a commercial property from the existing owner to the new owner. The process includes a set of administrative tasks to make certain that the transaction is adequately carried out, checking that all the relevant documents are exchanged and prepared correctly. This also involves post completion steps such as making applications with the land registry and HMRC.

How much does commercial conveyancing cost?

How much commercial conveyancing costs will depend on the transaction itself. There are several factors which can affect the cost of commercial conveyancing, including:

• Higher value properties tend to incur more expensive commercial conveyancing fees
• The type of property purchased can also have an impact on how much you’ll pay
• How complex the transaction is can also affect how much the fees cost

Rest assured, our commercial property lawyers at Roythornes will provide an accurate commercial conveyancing quote as soon as possible as well as the process once we have an understanding of your transaction.

What does a commercial property solicitor do?

A commercial conveyancer works to guide you through the process of purchasing or selling a commercial property. These professionals can also assist with matters such as commercial leases or refinancing.

The role of a commercial property solicitor covers various tasks, such as:

• Drafting, reviewing and negotiating contracts and leases
• Performing due diligence and essential checks related to the transaction
• Offering advice on risks that might potentially come up
• Dealing with funding matters and exchange of contracts
• Ensuring that the change of property ownership is registered with HM Land Registry

How long does a commercial property transaction take?

It can be hard to gauge exactly how long a commercial property transaction will take, as this will vary depending on the specifics of the deal. The length of a commercial transaction can depend on factors. For example, how complex the transaction itself is, which is influenced by the type of commercial property, the size, specific financial arrangements, planning or zoning requirements, and the details of the parties involved.

A straightforward sale and purchase could take between 6 and 10 weeks, however, matters may take significantly longer depending on the transaction complexity.

Do I need a solicitor to buy or sell a commercial property?

While instructing a solicitor to support you with buying or selling a commercial property is not a strict legal requirement, it is strongly recommended. Having the right legal advice and representation on side when completing a commercial property transaction will be the key to ensuring a transaction goes ahead as efficiently as possible and on the best possible terms.

Do you pay stamp duty on commercial property?

When purchasing a commercial property, you may be liable to pay Stamp Duty (“SD”), however this will depend on the circumstances.

If the property transaction exceeds £150,000, you will be liable to pay SD, yet, the amount of Stamp Duty that you will be required to pay varies depending on the lease term, purchase price and so on.

Our commercial conveyancing solicitors can answer any questions that you have regarding Stamp Duty, please get in touch, to discuss your case.

Why choose Roythornes as your commercial property solicitors?

At Roythornes we have much experience working with commercial property clients, by gaining a detailed understanding of your commercial goals, we ensure to provide bespoke assistance. When you choose Roythornes, you’ll receive clear guidance that’s easily understood, and always perfectly aligned with your preferences, and needs.

You’ll benefit from the expert assistance of an experienced and dedicated team. We are proud to be acknowledged by the Law Society Lexcel accreditation, which recognises our commitment to providing top-quality practice management and client care, having also received the Customer Service Excellence award.

Get in touch with our commercial property solicitors

For commercial property law legal support, please get in touch with our solicitors in Alconbury, Birmingham, Nottingham, Peterborough or Spalding.