Similar to buying a house, when you are buying a commercial property there are a number of things that need to be done before you can exchange contracts to make sure your new property is a good investment.
Mortgage Offer
The first thing you might need is a mortgage offer. You have most probably heard that in recent times securing a mortgage on a house has become much more difficult and the same is true for commercial properties, so you should talk to an experienced commercial mortgage specialist about what you can afford and the best deal for you. We would recommend getting this sorted out sooner rather than later – don’t assume anything at the moment and make sure you have an offer in principle before you spend any money on a solicitor or surveyor. All too often recently sales have progressed right up until the point where finance has been refused, wasting time and money.
Find a suitable solicitor
The next thing you need to do is speak to a solicitor who is experienced in commercial property transactions. They will help with all the legal aspects of buying the property, from the legal title and permitted use to rights of way. We will also assist you and your legal adviser by highlighting legal aspects we see during the survey. We will work with your legal adviser to make sure you get all the information you need. As your legal adviser won’t be visiting the property we will be their ‘eyes and ears on the ground’, finding such things as rights of way and the possible need to access neighbouring land to carry out improvements and maintenance. This way, no legal or access concerns will be missed.
Get a detailed survey
Now you are ready to make sure the property is sound and worth the price you have agreed. A comprehensive Building Survey designed and written for the type of commercial unit you are buying will highlight any areas of concern. We won’t try and put you off unnecessarily or bombard you with caveats. We will help you buy the property, fully informed and at the right price. We will give the property a thorough inspection and help you with repair costs, timescales etc. to make sure you know exactly what you are taking on.
Once you have found the property that is best for your business there are a number of things you need to get right. We will help you through the process from beginning to end and will discuss your plans and concerns.
Ultimately, our aim is to provide you with peace of mind and provide the best quality service you can find.
Simply complete the form below and one of our friendly team will be in touch to discuss your survey options
