Achieve a smooth, secure, and profitable sale of your commercial property. Our specialist solicitors proactively manage the entire transaction, from preparing the sales pack and negotiating contracts to managing the complexities of any existing leases.
We manage the entire legal process to ensure a smooth transaction that protects your interests and achieves your commercial goals in a timely manner.
We help you prepare for sale by compiling all necessary property documents and drafting comprehensive replies to the CPSE enquiries from the buyer.
If your property is tenanted, we manage all legal aspects relating to the existing commercial leases, including service charges and deposits, to ensure a smooth handover.
We draft and negotiate a robust Sale and Purchase Agreement (SPA), ensuring the terms are fair and your interests and capital are protected.
We manage the exchange and completion of the sale, ensuring the seamless transfer of funds and the legal title to the new owner.
Our primary goal is to ensure you achieve the best possible return on your investment while limiting your post-sale liabilities. We provide commercially-astute advice at every stage of the transaction.
We work with your accountants to structure the sale in the most tax-efficient way possible, advising on key areas like Capital Gains Tax and VAT.
We robustly negotiate the warranties you provide to the buyer, ensuring they are fair and reasonable, and protecting you from future claims.
If the property is part of a wider transaction, we manage the entire process, including the sale of the business and its assets.
A typical commercial sale takes 2-4 months from accepting an offer to completion. This can be quicker or slower depending on the complexity of the property, the buyer's finance, and whether there are existing tenants and leases to manage.
The Commercial Property Standard Enquiries (CPSEs) is a comprehensive questionnaire about the property that you, as the seller, must complete. It covers everything from planning history to environmental matters. Providing accurate and complete answers is a legal requirement and helps to avoid delays.
Warranties are contractual promises you make to the buyer about the state of the property and business. If a warranty proves to be untrue after the sale, the buyer could bring a claim against you. We negotiate these robustly to limit your liability as much as possible.
It depends on whether you have 'opted to tax' the property. If you have, VAT will be payable on the purchase price. This is a complex area, and we will provide clear advice and work with your accountant to ensure it is handled correctly.
The buyer will inherit your tenants. As part of the sale, we will collate all the tenancy documents, rent deposit information, and service charge accounts. If a tenant needs to be moved on, we can also provide advice on the assignment of their lease.
If the property is sold as part of an ongoing business, the goodwill is a valuable asset. The transfer of this goodwill must be legally documented. Our solicitors for the sale of goodwill can manage this for you.
Maximise the return on your investment and ensure a clean exit. Contact our expert commercial property solicitors today for a confidential discussion.
Request a Callback Today0330 333 8797
info@wildings-solicitors.co.uk
862-864 Washwood Heath Rd, Ward End, Birmingham, B8 2NG
Monday to Friday
9.00am - 5.00pm
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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