Commercial Property2022-05-16T15:16:20+00:00

Commercial Property Solicitors

Our Commercial Property Team combines impressive technical ability with an innate commercial mindedness to produce an ideal service for property professionals.

We will take the time to understand your priorities and the specific issues affecting your business. We place emphasis on building a strong personal relationship with you so that we can more easily accommodate your style of working.

Business Expansion

If you are looking to expand your business either by purchasing or leasing new premises, Attwells will negotiate the best possible terms.

If your business owns its own investment portfolio, we will make sure that you receive a full repairing and insuring lease (FRI) with a clean income stream, every time.

In a competitive market, the speed and diligence of your lawyer is key. With Attwells, you can rest assured that no matter what the transaction entails, your lawyers will be proactive in pushing your matter forward to an efficient and satisfactory conclusion. Attwells advise landlords and tenants, large and small, on all types of letting with particular expertise in the property, retail and office sectors.

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Commercial Property Solicitors

What is the timescale?

We expect the services to take on average 4-6 weeks. However, this will depend upon a number of factors, some of which will be outside of our control. We will endeavour to complete the matter as quickly as possible within your timescales.

What is included in the service?

  • Negotiating  the contract for the sale in accordance with the Heads of Terms.

  • Dealing with your enquiries of a legal nature with the seller’s solicitors.

  • Reporting to you on the terms of the sale.

  • Undertaking all necessary conveyancing searches and reporting to you on their contents.

  • Completion of the sale.

  • Payment of SDLT (if any)

  • Registration at HM Land Registry

What is excluded from the service?

  • Legal advice outside the scope of the service described above.

  • Advising and renegotiating the Heads of Terms.

  • Tax advice.

  • Work in connection with occupational tenants. Once any leases are ascertained then a fixed fee for dealing with any tenancies can be confirmed to you.

  • If the property is leasehold, the service does not include additional work in connection with the review of the headlease.

  • It does not include the costs of buying a business too. Please click here for more information on legal fees for buying a business.

  • Acting for an overseas company is an additional fee of £900 plus VAT

What disbursements might be payable?

  • SDLT will also be due and you can calculate your liability by reference to the following link.  If VAT is payable on the price the SDLT is payable on the price + VAT.

  • Land Registry Fees are due and will be payable based upon the purchase price.

  • If the buyer is a company taking lending then a Companies House fee will be payable of £23.

  • In all cases bankruptcy and final searches will be due of £25.

  • If the premises are leasehold then notice of the transfer of the premises will need to be served on the Landlord whose costs typically range from between £50 and £200. We will confirm the figure once it is known to us.

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Nick Attwell
Nick AttwellManaging Partner & Head of Commercial Law
I am the founder of Attwells Solicitors and Managing Partner. I have a Master of Laws from Cambridge University and published academic author. I worked in the city at one of the largest international law firms before forming Attwells.

I am an alumni of the Goldman Sachs 10KSB fastest growing businesses programme.

I share my time between Attwells’ all three offices in Ipswich, Colchester and London.

I am a commercial lawyer with a particular expertise in commercial property and land development. My clients range from local SMEs to larger national clients and FTSE 250 companies.

Clients value my strategic thinking, ability to explain complex legal principles in plain English and energetic approach to their matters.

Additionally, I oversee Attwells’ auction conveyancing team and attend local property auctions in the Ipswich area to offer advice to prospective auction purchasers.

Commercial Property Remortgage

Commercial investment mortgages are for those looking to acquire or refinance commercial property with view to renting it out to commercial tenants.

For many property investors having a healthy proportion of commercial properties is an essential part of a balanced portfolio. For others, perhaps those with a residential portfolio, the prospect of branching out into a commercial portfolio is daunting.

However, with recent changes to the Residential BTL market and a greater focus on yield-based (as opposed to capital-based) investments, we are seeing an increase in clients taking the leap into acquiring commercial premises.

Some potential benefits of commercial BTLs:

  • Potentially higher yields.

  • A “clear” rental stream, meaning that tenants need to undertake maintenance or fully reimburse the landlord for the cost of maintenance.

  • Potentially less initial capital expenditure to acquire the site.

If you are looking to acquire a commercial premises through finance or looking to refinance your existing properties, it is essential that you have the right lawyer in your corner.

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Commercial Law Articles

Attwells Solicitors are property law experts – we understand that commercial property investors and owners are keen to know the latest property news but don’t necessarily have the time to unpick the jargon. Thankfully we are a jargon-free law firm. If you would like to read our latest article please subscribe.

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