WORKING WITH PROPERTY DEVELOPERS, INVESTORS, LANDLORDS AND OWNERS
If you’re thinking about buying, selling or developing a commercial plot or property, talk to us.
DO YOU NEED ADVICE?
Our Commercial and Specialist Property Division offers a full range of Commercial Property Services. These include conveyancing, short term commercial and bridging finance and leasehold requirements. We will always consider the impact that any Commercial Property transaction will have on the day to day running of your business.
We address issues at the earliest possible stage and guide our clients throughout the transaction. However complex a transaction, we aim to provide innovative and tailored advice and solutions.
With our attention to detail and access to a unique range of knowledge and expertise, we ensure our clients feel confident when instructing us.
We work with property developers, investors/landlords and owner/occupiers. We also work with teams within larger firms who specialise in acquiring or developing property and land.
We can prepare, draft, negotiate and advise on the full suite of commercial documentation. We do this quickly and efficiently, regardless of the scale of the transaction.
Many of our clients choose us for regular transactions. This is because they are aware of the efficient and excellent service we provide. You can also use our services if you are looking to go for a one-off deal. Our setup makes us an ideal choice for small and medium-sized businesses with modest property portfolios.
When you work with us, our dedicated team of commercial property specialists will put their experience to work for you. They will talk you through the selling or buying process and make sure it goes as smoothly and efficiently as possible.
OUR SETUP MAKES US AN IDEAL CHOICE
When purchasing the freehold of a commercial property, this means that you will own the building outright. You will therefore be able to benefit if there is a rise in market value. You are also able to sell the property to anyone you wish when you want to.
When purchasing the lease of a commercial property, this means that you will own the lease of the property for a given period. New long-term leases are usually granted for 999 years. The owner of the lease can make some changes to the property within the terms set out in the lease. Any changes made will usually require permission from the landlord
Our Commercial Property team are also able to advise you on legal aspects surrounding land developments. They can assist you in obtaining further information on the types of land you may be considering.
Greenfield land is undeveloped land such as parks or forests. This is the most popular type of land to build on. However, this type of land can be difficult to obtain planning permissions. We would advise that you check with the local authorities before considering your purchase.
Brownfield land is land which had once been occupied by another building. This is usually a safer development options as you know that planning must have already been permitted. We can advise you on how to obtain the planning status of the development sites you wish to purchase.
As well as helping you get the purchase or sale right, we will make sure all the details are taken care of.
For example, VAT, stamp duty and land tax can spring some very unwelcome surprises on businesses at a time. This is when they really do not need any extra expense. It is also important to keep planning and infrastructure agreements in mind whilst being given the correct advice on them.
We provide a high-quality service at a fair price to all our clients. We do not claim to be the cheapest and we do not offer fixed-fee conveyancing packages. Instead, we give you the advice and support you need for the deal you want to make at the right price.
For an informal chat about your Commercial property deal, just get in touch.
Agriculture and Farming
There is usually much more to buying or selling farms than just the land aspect of the transaction. It usually includes a family business which is run through a limited company or partnership.
The land is often held separately from the business and licensed or leased to the company or partnership. This means that a buyer would have to purchase the land separately from the company.
As well as the overall purchase, there is also the assets of the business to consider. Machinery such as tractors and combine harvesters are large and expensive assets. Livestock may also be included in the sale of the land and company.
Subsidy payments may be passed with the farm as well as chattels such as poultry units and timber buildings which may not be fixed to the land. There may be other compliance requirements and agreements which are conditions of the sale or purchase. This can include things such as:
- Water abstraction licences.
- Woodland grant agreements.
- AgriEnvironment agreements
- Holdover rights for growing crops.
In recent years prices for farm products have been under pressure. This has led to farmers selling off small parts of their farm to boost capital and income. These parts are used as development land for housing or commercial property use.
The developer/builder would want to obtain planning permission for this development before the purchase would go through. This means that an option agreement is put into place, or a conditional contract. The conditional contract route provides more certainty for the developer as the purchase price would be clearly shown in the contract. An option agreement would leave the purchase price open to discussion and agreement.
Planning can take a up to two years to obtain and even longer if the application has caused a dispute. The seller of the farmland should weigh up all possible delays and disputes before granting an option or agreeing to a conditional sale. Valuing land and negotiating payment are critical issues which are complex and require an experienced team to action.
Farmland has its own lease/tenancy system and may require additional licenses to enable occupation.
Our experienced team understand farmers needs. They are experts in the complexities of agricultural conveyancing. They will ensure that as a seller, you receive the best price for your farm. If you are purchasing farmland, our team will ensure that you receive everything that you have negotiated.
DO YOU NEED ADVICE?
YOUR COMMERCIAL PROPERTY SALES | PROPERTY LAW | TAYLOR ROSE TTKW EXPERTS
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