Commercial Property Solicitors for
Freehold Acquisitions & Disposals
Acquiring or disposing of commercial assets are big decisions for your business, demanding expert legal guidance and a strategic approach. Whether you’re looking to expand operations, secure a valuable asset, or free up capital for new opportunities, our dedicated team of commercial property solicitors are on hand to help you achieve your goals with precision. From safeguarding your investment to streamlining the transaction process, we provide tailored, practical advice that ensures your interests are protected from the outset. Contact us today and get your commercial property transaction completed with a team you can trust.
“Great service from the team at Leonards, friendly and efficient!! They did a fantastic conveyancing job on my commercial property, would highly recommend and most definitely use them again!! 5*”
Helping Businesses Acquire & Dispose of Freehold Commercial Property
We assist with due diligence by conducting thorough investigations, searches, and enquiries to identify potential risks and support informed decision-making. In contract negotiations, we draft and review sale agreements, including conditional contracts and sale and leaseback arrangements, to ensure your interests are protected.
Our expertise includes title investigation, where we examine legal ownership, third-party rights, and planning constraints to secure a clear and marketable title. We also provide guidance on property finance and taxation, covering areas such as Stamp Duty Land Tax, VAT implications, and capital allowances to help optimise your investment.
In addition, we address related matters such as overage mechanisms, property warranties, and auction sales. With experience across a range of property types—including offices, industrial sites, retail units, and more—we focus on delivering practical solutions that align with your business goals.
Further to the advice from our Commercial Conveyancing Solicitors, you may also find these websites useful:
Buying Freehold Commercial Property
Owning commercial premises can be a cost-effective investment, often reducing reliance on rental payments, especially if purchased outright or with a business mortgage. Mortgage repayments are frequently lower than rental costs, providing long-term financial benefits. Additionally, ownership offers full control of the property, which is vital for businesses requiring specialized equipment or installations, eliminating the constraints of landlord decisions.
Our commercial conveyancing solicitors will work closely with you to assess your business objectives and ensure that purchasing a property aligns with your goals. We guide you through critical considerations, such as location, size, facilities, and required permissions. Even as a freeholder, certain licences may still be necessary for specific business activities, and we will handle checks and applications on your behalf.
A building survey is highly recommended to identify any structural issues, which many lenders require as part of their mortgage conditions. Business building insurance is also essential, with some policies offering comprehensive coverage for both buildings and contents.
Once all searches and reports are completed and approved, we will ensure a seamless transition to completion, supporting you at every stage of the process to secure your business premises with confidence.
Selling Freehold Commercial Property
When selling the freehold of a commercial property, the first step is negotiating the Heads of Terms. These are not legally binding but set out the framework for the transaction, including the property’s value, any rights you wish to retain, and the timescale. You will also need to provide an Energy Performance Certificate (EPC), unless the property is exempt.
Once terms are agreed with the buyer, our commercial conveyancing solicitors will handle the sale on your behalf. We will obtain necessary documents, such as the Title, and prepare a contract package for the buyer’s solicitor. If there is a secured loan against the property, we will contact your lender for a settlement figure and ensure the sale proceeds cover the loan balance.
The buyer may also be required to pay a deposit upon exchanging contracts, which is forfeited if they fail to complete. On completion, we will receive the purchase funds, settle the mortgage with your lender, and transfer any remaining sale proceeds to you. The title will then be transferred to the buyer. Our team will ensure a smooth and efficient process from start to finish.
