Buying & Selling Commercial Property Solicitors

Buying or selling commercial property can feel overwhelming, with many details to sort out and decisions to make. But don’t worry—that’s where we come in. At Fitzhugh Gates Solicitors , we’re here to make the process straightforward, stress-free, and successful for you.

The Process: Buying Commercial Property

Here’s a simple breakdown of what happens when buying commercial property:

1. Negotiations: Agree on a price with the seller and arrange your commercial mortgage.
2. Survey: Get a professional survey to spot any potential issues with the property.
3. Searches: Your solicitor will conduct searches (e.g., title checks) to confirm the property’s status.
4. CPSEs: The seller provides answers to Commercial Property Standard Enquiries (CPSEs). It’s crucial to ask the right questions—this is where a solicitor is invaluable.
5. Legal Requirements: Meet financial and legal obligations, such as personal guarantees or board approvals if buying through a company.
6. Exchange Contracts: Finalise and sign contracts.
7. Completion: Arrange completion, pay stamp duty, and register the property with the Land Registry.

The Process: Selling Commercial Property

Selling involves many similar steps, but here’s what you’ll need to focus on:

1. Negotiations: Start by agreeing on a price with the buyer.
2. Information Pack: Prepare documents like CPSEs, fire risk assessments, asbestos surveys, and electrical certificates.
3. Access for Survey: Allow the buyer’s surveyor to inspect the property.
4. Legal Support: Your solicitor will create the contract, answer questions from the buyer, and help negotiate any issues.
5. Exchange Contracts: Finalise agreements with the buyer.
6. Completion: Finalise the sale and manage any tax obligations, such as capital gains tax.

How Long Does It Take?

While the timeline depends on factors like market conditions or property complexity, more simple transactions are completed within 12 weeks once negotiations begin (as long as no issues crop up). More complex sales can sometimes take anywhere from 3 to 6 months. 

Why Work with Fitzhugh Gates Solicitors?

With years of experience and a track record of helping clients through successful commercial property transactions, we make the process smooth and efficient. From Shoreham by Sea to Brighton & Hove and the wider Sussex area, we provide clear guidance every step of the way.

Ready to Get Started?

If you’re planning to buy or sell commercial property, we’re here to help. Let’s make it happen!