Refinancing or remortgaging commercial property is a popular financial means for business owners looking to consolidate their debts, reduce their monthly mortgage repayments or mortgage term. Our experienced team will make the process as smooth as possible by handling all legal matters on your behalf.
Whether you are a sole trader or large commercial operation, our professional team are here to support your next move.
Your Specialist:
Buying & Selling a Business Premises
Having overseen the legalities of sales and purchases across a variety of business premises, both leasehold and freehold, including shops, offices, and factories, and with particular experience in entertainment premises such as nightclubs and restaurants, David offer business owners an expert level of service that only comes with years of experience.
info@hookandpartners.co.uk 01268 692 255
Buying a commercial premises, as opposed to renting, has its advantages. So if you feel the time is right to take out a business mortgage you will benefit from no longer being tied into long term rental costs, the ability to make alterations as necessary to the building (providing planning regulations have been met) and also positively increasing the value of your business assets.
If you have decided to take the plunge and buy a commercial premises for the first time, or maybe you are looking to expand into larger premises, it is important in either case to carry out your research to ensure you have considered the following:
You should also be aware that by purchasing business premises there will be extended surveys and searches required, all of which our team of premise sale solicitors here at Hook and Partners can advise on. These can include asbestos surveys, environmental reports, ground reports, land registry and local authority searches.
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If for whatever reason you have decided to sell your business premises, maybe you are retiring and winding down the business or looking to expand and need more space. Before you consider going to an agent for valuation and marketing, it is wise to consider and act on if needed, the following:
Once you are ready to market your business premises then a valuation should be arranged. The saleable value will be subject to:
Here at Hook and Partners if you are buying or selling business premises Essex, we will be able to offer you the very best advice from the start of proceedings through to the completion of the sale. Our team of premises sale solicitors here in Essex will ensure all legal processes are followed and all legal documentation is completed.
This can include checking you, as the current owner, has the good title to the property and is entitled to sell, checking the Heads of Terms document and negotiating the sale contract through to instructing relevant searches and checking planning permissions and processing the administration of exchanging of contracts, transferring funds and finally drafting the transferring deeds of the property.
