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Selling Commercial Property

When would you sell a commercial property?

Situations where commercial property would be sold using a solicitor, include:

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

Process of selling 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 selling commercial property.

The steps below are a guideline, to give you an idea of the process involved in selling 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 sell a commercial property?

As you would expect, all cases vary.  This depends on the type of property that is being sold and your buyer’s commercial property funding requirements.  On average, commercial property transactions will be completed in around 12 weeks from start to finish.

What are the fees involved with selling a commercial property?

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

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

To ensure a smooth sale, which is both time and cost effective for you, we will:

  • Prepare the commercial property sale agreement and compile the necessary documentation to send to the buyer’s solicitor
  • Prepare replies to standard enquiries and reply to any specific enquiries raised
  • Liaise with your lender if applicable, in relation to repaying any mortgage
  • Arrange completion and transfer your funds to you

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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