Building Your Commercial Property Portfolio
Commercial property covers a broad spectrum of options. From a retail unit in a mixed-use building to a brownfield site ripe for development, building your commercial property portfolio provides you with plenty of choice. The first question is whether you want to buy a lease or a freehold option. Both have advantages and disadvantages. Which one you choose will depend on your plans for your purchase and for the future.
Commercial property sales are an integral part of running any property investment portfolio. Selling a commercial site releases equity back into your fund, allowing you to re-invest in new and exciting projects. The sale of that high-street retail unit could fund a brownfield site purchase to create a new industrial unit. Or it could allow you to move into a different commercial sector such as hotels and catering.
However, whether you’re buying or selling, any commercial property transaction will need the support of an experienced legal team.
What Can We Do for You?
OGR Stock Denton has a reputation for specialising in property law. For over 25 years, our commercial property sales solicitors have delivered outstanding support for our business clients, regardless of size. From conveyancing services to contract exchanges, negotiating leases and buying freehold commercial property, they work tirelessly behind the scenes to ensure every deal goes through with the minimum of fuss. They’ll provide you with:
- Advice and guidance on your legal obligations and rights as a freeholder or leaseholder
- Checking covenants, rights and restrictions that may apply to the use of a property
- Assistance with submitting Change-of-use applications
- Negotiating clauses such as the upkeep of public rights of way, the upkeep of multi-occupancy commercial property and service charges.
If you’re selling a property, we can ensure that the sale goes through smoothly and respond quickly to any inquiries or issues. We recognise that commercial property sales are often time-sensitive. So we take down obstacles and keep the process moving so you and your buyer can complete the transaction quickly.
Financing and Lending
Buying commercial property usually involves taking on additional financing. The most common process for commercial mortgages is secured lending, where the loan is secured against the property. Any commercial property purchase is a significant investment and can leave you financially exposed. Our finance experts will advise you on the best type of capital investment for your plans. We’ll also be totally honest with you – if a deal isn’t good for you, we’ll tell you. That gives you the chance to make an informed decision.
The documentation for commercial property purchases is inevitably more challenging due to the greater financial risks. Our property law experts will be able to navigate through this complex field and negotiate with banks and financial lenders to get you the best deal.
Councils and Local Authorities
Councils and local authorities often have a significant role to play in the sale and purchase of commercial property. This can be down to many reasons, from public access and management of communal areas to environmental concerns, EIA reports and decontamination of brownfield sites. You may also have to negotiate for change-of-use permission via the local authorities.
Our property solicitors will be able to advise you on dealing with councils and local authorities and represent your interests to prevent any delays.
One of the key elements of commercial property sales is the all-important conveyancing process. At OGR Stock Denton, our experienced and fully qualified conveyancing team can deliver an all-points service that starts at the initial investigation stage and continues through to the final contract exchange.
They can liaise with your legal team to tackle any issues that may arise during the sale or purchase of your commercial property. And they’ll do all this to your schedule, keeping the process moving and minimising any delays.
OGR Stock Denton – Your Commercial Property Sales Experts
Whether you’re purchasing a commercial property, developing a brownfield site, building your portfolio or selling commercial premises, we’re here to help. Trusted by thousands of clients across the UK, OGR Stock Denton has a reputation for honesty, integrity and professionalism.
We pride ourselves on putting you at the heart of everything we do. This is your business, your venture, your capital investment. Our job is to make sure that every legal box is ticked and that every deal is a success. We take that responsibility very seriously. As a result, we are one of the most respected commercial property solicitors in the sector.
Find out more about what we can do for you by calling us on 020 8346 0321. Or use our online contact form to get in touch, and one of our commercial property sales lawyers will get back to you.