A commercial property purchase is a significant investment. Our specialist solicitors navigate the complexities of due diligence, contracts, and commercial leases to protect your capital and maximise your investment's potential.
We provide a thorough, partner-led service to ensure every detail is scrutinised, protecting you from risk and securing your investment for the long term.
We start by drafting or reviewing the Heads of Terms to ensure the core of your deal is commercially sound before legal costs are incurred.
We conduct in-depth searches, title investigations, and raise Commercial Property Standard Enquiries (CPSEs) to uncover any hidden issues.
We meticulously negotiate the contract of sale and liaise with your lender to ensure all funding conditions are satisfied ahead of exchange.
We manage the completion, transfer of funds, and the submission of your Stamp Duty Land Tax (SDLT) return to finalise your purchase.
Our role extends beyond standard conveyancing. We act as your strategic advisors, investigating the critical details that determine your investment's success.
For investment properties, we conduct a forensic review of all existing commercial leases to identify break clauses, rent review issues, and tenant liabilities.
We verify that the property's authorised planning use matches your intended business operations, saving you from costly future disputes with the local authority.
We advise on the complex tax implications of a commercial purchase, including Stamp Duty Land Tax and the potential to claim valuable Capital Allowances.
A typical commercial purchase takes 2-4 months, but can be longer depending on the complexity, financing arrangements, and the speed of the other party. We will provide a realistic timeline from the outset.
This is a preliminary, non-binding document that outlines the main points of the deal, such as price, timeline, and any special conditions. It provides the framework for the final, binding contract of sale.
CPSEs are a standard set of detailed questions asked of the seller about the property. They cover everything from boundary disputes and planning history to environmental issues and are a crucial part of our due diligence process.
Absolutely. We have a dedicated team that handles both acquisitions and disposals, ensuring a seamless and commercially-focused service whether you are buying or selling.
Commercial searches are more extensive than residential ones. They delve deeper into planning history, potential environmental contamination, and access rights, all of which can significantly impact a property's commercial viability.
It depends. Some commercial properties are opted for tax, meaning VAT is payable on the purchase price. We will clarify the VAT status of the property as a priority and advise you on the implications.
Capital Allowances are a form of tax relief available on certain items within a commercial building, such as air conditioning or electrical systems. Identifying and transferring these can result in significant tax savings for you as the buyer.
Properties are assigned a 'Use Class' (e.g., Class E for shops/offices, B2 for industrial) which determines what the property can be used for. We ensure the current Use Class permits your intended business operations.
Protect your capital and make your next commercial property purchase a success. Speak to our expert team for a clear, fixed-fee quote.
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info@wildings-solicitors.co.uk
862-864 Washwood Heath Rd, Ward End, Birmingham, B8 2NG
Monday to Friday
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Wildings Solicitors are authorised and regulated by the Solicitors Regulation Authority (no. 552128). Wildings Solicitors is a trading name of Wildings Solicitors LLP, a limited liability partnership registered in England and Wales. Registration Number OC360274 registered office 862-864 Washwood Heath Road, Ward End, Birmingham, B8 2NG. A list of Directors is available from the registered offices. We do not accept service by email.
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