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Sales & Purchases

Oakwood Property Solicitors has expert knowledge in the acquisition and disposal of commercial property. Our team is here to guide you through all aspects of the transaction process and ensure that everything is taken care of from start to finish.

Providing efficient and reliable commercial property transaction services

Whether you have a portfolio of commercial properties or are a new investor, there is a lot to consider when buying a commercial property. From contracts to site acquisitions, the process is made much simpler when you have a dedicated commercial property solicitor on your side.

Oakwood Property Solicitors is well-placed to provide legal advice and guidance on various types of commercial property transactions. This includes:

  • Property portfolio acquisitions and disposals
  • Acquisition of development sites for commercial use
  • Buying sites for industrial use
  • Purchasing land for resident use including HMO and Buy To Let
  • Buying a site for retail use
  • Brownfield site transactions, e.g. former petrol stations

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How do we do it?

We use a combination of strong communication and relationship building to help our clients navigate the commercial property market and identify high-value assets for their portfolio. We act in all types of situations, such as:

  • Sale with tenant in occupation
  • Sale with vacant possession
  • Purchase in the name of an individual to lease to that person’s company
  • Purchase by a limited company or a SIPP for its own use

What types of services do we offer?

Contracts

Oakwood Property Solicitors can deal with a variety of contracts that might need to be used in commercial conveyancing. This includes anything from a straightforward sale and purchase contract to a conditional contract which may be dependent on planning permission being obtained.

We also deal with the following contractual matters:
• Agreements for lease
• Contract for sale subject to leases
• Coverage and Clawback
• Development contracts

Easements

An easement is a right benefiting one piece of land over another piece of land. The most used easement is one that allows the underground services (water, drainage, gas, electricity, telephone, TV cables etc) of one property to pass beneath the land of one or more neighbouring properties.

Other common easements are private right of way, right to light and right to support. We can assist with drafting and extinguishing all types of easements.

Mortgages

Commercial mortgages are not standardised in the way they are for residential mortgages. We can help you in finding an expert in this field to obtain the correct product for your needs.

Site Acquisition

Site acquisition involves obtaining land for development purposes on behalf of an individual or a company. We can assist with purchasing the property and ensuring that any covenants or conditions on the land will not prevent you from carrying on your intended development.

Stamp Duty Land Tax (SDLT)

SDLT may be payable on purchases and other transfers of property or land. Most property transactions must be reported to HM Revenue & Customs (HMRC) even if SDLT is not payable. SDLT for both commercial and residential property is charged on the purchase price.

It is calculated on the proportion of a property’s value in each tax band. When you buy a leasehold property, you pay SDLT on both the lease purchase price and on the value of any annual rent payable. There are higher rates of SDLT which apply where a person is purchasing an additional residential property or ‘second home’, such as a holiday home or Buy To Let investment.

The rate of SDLT will be three percentage points above the rates for residential properties.

Get a quote today

To learn more about our commercial property solutions, get in touch using the contact form or call us on 0113 218 5727.

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