How Much Can I Sell My Commercial Property For?
If you have a commercial property to sell, there are various factors that you need to be aware of which can affect the price.
In order to achieve the highest possible sale price, you will need to understand the legislation surrounding commercial property sales, local property values and have an awareness of what commercial property buyers are looking for.
From industrial and office space to retail and student accommodation, our expert solicitors support clients selling property across various sectors.
Free Initial Consultation
We understand that you’ll want to discuss your options and find out more about how we can help. We offer both appointments throughout the day and out of hours to accommodate our clients. We are happy to meet you at our offices across London, Essex or Kent. To find out more please Book Your Free Consultation, call us on 020 3753 4667 or email
Preparing for a Sale
Just like you would with a residential property, it is important to prepare your commercial property in order to sell it. All clutter should be removed, so your property is presentable and therefore prospective owners can imagine running their business from the premises.
You should also prepare a buyer information pack so that prospective buyers have everything they need in order to make a decision.
Instructing a Commercial Agent
It is highly recommended that you choose a reputable commercial agent who will normally provide you with a detailed valuation report before looking to market your property. This will give you a good guide as to what you can potentially sell your commercial property for.
You can market the property with an agent of your choice, but it is important to make sure that your agent understands exactly what you are looking to achieve.
Solicitors & Legal Advice
As well as your commercial agent, you will need a solicitor. Your solicitor will be responsible for several processes during a commercial property sale.
In order to ensure a quick and efficient property sale, it’s important to choose the right solicitor. Your solicitor is there to provide assistance throughout the process, so feel free to ask them any questions.
Property Value
The amount your commercial property is worth is subject to a range of factors, which may include:
- Availability of similar properties
- Demand
- Market trends
- The condition of your property
- The price of recently sold properties in the surrounding areas
Selling Costs
You must also consider the costs of selling your property, including:
- Any taxes
- Agency fees
- Mortgage fees
- Removal costs
- Solicitor fees
Conclusion
Selling a commercial property requires thorough preparation, an understanding of the current market conditions and you should always seek the best expert advice from a commercial property solicitor about your specific circumstances.
Contact our Commercial Property Solicitors
The right solicitor changes everything. Anglo Law Solicitors provides expert legal advice on Commercial property.
Speak directly to a property solicitor now on 020 3753 4667 or Book Your Free Consultation here.
We serve clients across the following areas
London areas - City of London, Aldgate, Tower Hamlets, Spitalfields, Westminster, Kensington & Chelsea, Southwark, Bishopsgate, Canary Wharf, Islington & Highbury, Angel, Belsize Park, Hampstead, Swiss Cottage, Finchley.
Essex - Chigwell, Hainult, Woodford, Epping, Chafford Hundred, Chelmsford, Brentwood, Upminster, Grays.
Kent - Tunbridge Wells, Tonbridge, West Malling, Maidstone, Sevenoaks.