Buying commercial property is a big decision and the golden rule is BUYER BEWARE!
It is important to ensure that you put in place the right property for your intended use. You will need to consider the location, size and compatibility with your intended use. The key as a Buyer is to minimise the risk of selecting the wrong property by ensuring you take necessary steps to ensure the property fits your criteria.
We come along side you to help you ask the right questions, obtain assurances from the Seller, and make sure you have a mechanism to deal with the unknown factors.
SELLING A COMMERCIAL PROPERTY
Selling commercial property can be risky as any liability you may have will need to be transferred to the buyer, for example environmental liability. Some buyers can be reluctant to except full liability. It is important to make sure that the risk you accept is reasonable – the buyer is getting what you are selling.
The key as a Seller is to ensure that the Buyer takes responsibility for reviewing what they are buying and responsibility for the decisions they are making.
We come along side you to help you answer the Buyer’s questions, give only the assurances that are necessary and ensure that your liability is ascertainable so you know what you may be responsible for.
CAN I BUY PROPERTY INTO MY PENSION/CAN I TRANSFER PROPERTY INTO MY PENSION (SIPP/SASS)?
We can help you to transfer property into or out of your Self Invested Private Pension (SIPP) or Self Administered and guide you through the rules regulating these types of transaction to ensure the process is clear and straight forward.
Your SIPP can buy freehold, leasehold or commonhold commercial property in the UK. This means any property that will primarily be used for commercial purposes. We will work closely with your pension administrator and valuer to deal with any queries which may arise in order to conclude the property acquisition or disposal and deal with any post completion matters.