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Buying Commercial Property

When would you use a solicitor for buying commercial property?

  • Buying a business
  • Buying sites and property for development
  • Buying commercial units e.g. a warehouse, factory or an office
  • Buying retail property units
  • Building property portfolios
  • Buying buy-to-let private properties
  • Buying a charity or not-for-profit organisation

Process of buying a commercial property

Our commercial property department is based in Leicester city centre, where each of our specialist commercial property solicitors has extensive experience in buying commercial property.

The steps below are a guideline, to give you an idea of the process involved in buying commercial property and what you would need a solicitor for:

  • The first step would be an initial meeting with one of our commercial property solicitors to discuss your purchase and any specific requirements.  We like to communicate with our clients in plain English without using lots of legal jargon, so this meeting should not take any longer than necessary
  • Once we have understood your aims, we can give you an indication of the timeframes and expense involved

How long does it take to buy a commercial property?

As you would expect, all cases vary.  This depends on the type of commercial property you are buying and your commercial property funding requirements.  On average, commercial property transactions will be completed in around 12 weeks from start to finish.

What fees are involved in buying a commercial property?

Our specialist commercial property solicitors have many years of experience in purchasing commercial property and will be able to give you a realistic estimate of costs at the beginning of your transaction.  This will not change unless the circumstances of the transaction or your instructions significantly alter.

What is the role of a commercial property solicitor in a property transaction?

To ensure a smooth purchase, which is both time and cost effective, we will:

  • Liaise with the relevant parties involved in the transaction e.g. solicitors and agents
  • Review the commercial property sale agreement and explain the terms to you
  • Carry out the property searches, which include the local search; environmental search; water and drainage search and any other relevant searches for the particular property
  • Review the land registry title and advise of any defects or areas of concern
  • Liaise with your lender if applicable
  • Prepare and submit the stamp duty land tax return at HMRC
  • Register the property in your name at the Land Registry

Contact our commercial property solicitors

Bray & Bray has three main offices in Leicestershire. We will be able to answer any initial questions you have over the phone and arrange for a meeting at your nearest office, at your earliest convenience.

Leicester call us on 0116 254 8871.

Hinckley call us on 01455 639 900.

Market Harborough call us on 01858 467 181.

Bray & Bray's experts don't just dip in and out of different areas of law – all our lawyers specialise in certain areas and have the knowledge and confidence to take on any kind of case in their area of law. Contact us and we'll work alongside you from start to finish.

We know that when our clients are dealing with a stressful legal situation the last thing they need is to be confused by jargon, or made uncomfortable by stuffy professionals. Our plain speaking transparent approach puts people at ease and we're really proud of it.

We offer a complete range of legal services, from personal injury to family law, criminal defence and immigration. We have expert teams of lawyers working in all legal areas, and you'll never work with anyone who isn't fully versed in the relevant laws.

We're based in Leicester and the county but we serve clients nationwide, so don't hesitate to get in touch if you're based some distance away. We do everything we can to make things simple for clients based elsewhere – we'll keep in touch via phone and email, and we'll come and visit you should we need to.

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