Commercial Property
Whether you are a new business looking to lease your first unit, an established firm moving on to bigger things, or you are buying or selling a business, we can help.
Our Commercial Property Team have wide experience of:
- Purchasing, selling and leasing business premises
- Acting for landlords, tenants, individuals and corporate clients
- Negotiating new leases/renewing existing leases
- Buying and selling a business which includes premises
- The acquisition of land for development
- The setting up of a development whether residential or commercial
- Acting for banks and other institutions or providers of finance
- We have an established network of contacts with East Anglia's leading commercial property agents
We are always happy to discuss individual requirements and will work closely with you and with all other parties involved in the transaction to ensure the matter is handled smoothly and efficiently. We will work with you to achieve your objectives on time, however tight your deadlines.
Frequently Asked Questions
- What does commercial property include?
- All types of land and premises including offices, shops, hotels, residential/nursing homes, industrial and warehouse facilities. It can also include the acquisition and sale of development sites for both residential houses and flats and commercial premises i.e. shops and offices etc.
- What should I look for in a Lease?
If you are a tenant looking to take on a lease of commercial premises such as an office, shop or industrial unit, you should be trying to negotiate the following:
a rent free period or a contribution towards your fit-out costs from the landlord;
a break clause/option allowing you to terminate the Lease early (but make sure this is flexible and it is not conditional upon you having to fully perform all your obligations under the Lease);
make sure the Lease gives you maximum flexibility to sell the Lease or to sub-let it in the future;
try and agree paying rent on a monthly basis rather than on a quarterly basis as this will obviously be a cash flow benefit for you;
- How much will the transaction cost?
- From the outset we discuss with you the fees we expect to charge which will depend on the type of transaction. We offer a competitive service and will give you details of hourly rates and all expected legal costs, including search fees, Stamp Duty Land Tax and Land Registry fees.
The Commercial Team
Head of Department
Solicitor