Commercial Property Acquisition and Disposal
Acquiring and disposing of commercial property can involve many complex legal issues and requires meticulous due diligence.
Our Commercial Property Solicitors have the expertise and commercial acumen to ensure the process runs quickly and smoothly.
We advise companies, trustees, individuals, and developers on acquisition and disposals, as well as other aspects of commercial property such as tenancy agreements, site development, and forfeiture. Our team works quickly and meticulously to get the deal done and protect your best interests.
Our team is proud of our personal service to all our clients, and where possible, we are always available by phone and will respond to your email within 24 hours. As a full-service law firm, we can also provide advice on other commercial matters such as contracts and dispute resolution.
We are a diverse, multi-lingual law firm that uses best-in-class technology to provide clients with streamlined, modern, and highly effective commercial property law advice and representation. Our years of experience in commercial property law means we have a robust reputation for excellence with the UK’s best Barristers and King’s Counsel, Estate Agents, Independent Financial Advisers, Surveyors, and Lenders who can bring additional support to our Commercial Property Department if needed.
Below are some common questions we are asked about acquiring and disposing of commercial property and developments.
What is bridging finance?
Investors and developers often use bridging loans to purchase properties or sites to sell for future profit. One of the key advantages is that bridging finance can be accessed fast; an important point for time-critical property acquisitions and development opportunities.
Our Solicitors will check over the terms of a bridging loan and advise you on any points you should be aware of.
Developers, investors, private equity funds, and other property investment entities rely on our advice on all aspects of commercial real estate transaction finance, including:
- Bilateral, syndicated, club, structured, senior, and mezzanine finance.
- Debt restructurings and re-financings.
- Creation and implementation of property funds.
- Sale and leaseback structures.
- Buy to let mortgages.
What is an Option Agreement?
An Option Agreement is entered into by a landowner and developer. The most common type is a call option. A call option (sometimes also called a take option) allows a developer or grantee of the option to ‘call’ on a landowner to sell a property to it. The option may be exercisable at any time during the option period or when a trigger event such as the obtaining of planning permission occurs.
In exchange for the option to purchase the land, the developer pays the landowner a non-refundable deposit.
Option Agreements mitigate the risks of property development. Developers know the landowner cannot sell the land to a third party if planning permission is delayed. Furthermore, the purchase price of the land can be set at the time the option agreement is signed, protecting the developer from the impact of property price rises.
Landowners also benefit, not only from the payment of the deposit but knowing they have a ready buyer if planning permission is granted.
Why choose us?
When acquiring and disposing of commercial property and developments, it is essential to instruct an experienced Solicitor to advise you and manage the process. Our team regularly handles multi-million-pound transactions and know the level of due diligence required to ensure investors and other stakeholders’ money and reputations are protected.
We pay meticulous attention to detail when handling property transactions. All our Commercial Property Solicitors have the experience and resources available to ensure that every aspect of your case which requires attention will be spotted, brought to the fore, and managed. Whether it is a particular aspect of the title deed which we believe requires clarification or change, an additional search we recommend, or any other aspect, you can be assured we have an eye for detail and will bring these to your attention and recommend the best approach to move forward. We will leave no stone unturned when handling your transaction, and you can be confident that we will provide the commercially astute legal advice you need to protect your interests and investment.
Our Solicitors are businesspeople themselves; therefore, we understand that every decision you make must encompass commercial reality. We receive most of our instructions via word of mouth recommendations because landowners, developers, and investors in Coventry and Warwickshire are confident that we have the knowledge and dedication required to ensure the disposal and acquisition of their commercial property or development goes smoothly.
We are focused on results and achieving them in the swiftest, most cost-effective way possible. Our Commercial Property Solicitors will take care of your legal concerns so you can concentrate on your project’s future growth and prosperity.
To talk to us about commercial property acquisition and disposal, please contact us using the form below.
Meet your 'Commercial Property Acquisition and Disposal' specialists
Based in our city centre offices in Coventry, here’s our team to guide you through your legal needs.
Depending upon the complexity we are able to offer fixed fees in some cases. In other cases our solicitors charge the following hourly rate:
- Partner/Member SolicitorHourly rate of £265 + VAT
- Senior Solicitor or Head of Dept: (PQE 8yr+)Hourly rate of £240 + VAT
- Assistant Solicitor/Fee Earner (PQE 3/7yr)Hourly rate of £215 + VAT
- Newly Qualified Fee Earner (PQE 1/3yr)Hourly rate of £185 + VAT
- Paralegals/TraineesHourly rate of £135 + VAT
- Support ParalegalsHourly rate of £115 + VAT