Guide for selling Commercial Property
There can be stress and hassle when you are trying to sell your Assets and so many decisions to be made. At WRUK we take all the stress out and make things simple for you.
Why choose WRUK?
- We abide by the best industry practices
- We have been winning hearts as registered estate agents since 2014
- We take pride in finding the perfect buyer for your assets within the desired span of time.
- We regularly update our list of buyers who are seeking a new hotels/projects to purchase and our sophisticated database.
- Provide accurate property valuation for free
- Have reliable consultants and solicitors to help you throughout the process
With the right guidance, you can dispense money equal to your assets worth in UK or International. Not sure how to get through the process? Go through our step by step guide below.
1. Preparing your property
As with commercial properties, you have to prepare your property to sell. This includes making it clean and tidy; making it presentable and appealing so more people will become interested in the property.
2. Instructing a Commercial Agent
You need to find a professional and expert commercial agent who is qualified. Here, at WRUK we are qualified and are members of the accredited trade bodies and have years of experience behind us dealing with commercial property in London and World-wide.
3. Marketing your property
When you choose the right estate agent and International hotel broker, they will be able to help you market the property properly. The right agent/International hotel broker will be able to advertise your property/assets effectively and target the right people.
WRUK has access to a plethora of buyers in London and world-wide and we will also advertise your property on the right platforms ensuring your property is shown to the right audience.
4. Instruct a Solicitors
Next you’ll need a commercial solicitor who can help you with the commercial sales procedure.
Their job involves looking after any deposits, arranging the exchange of contracts, confirming monies have been transferred and answering any questions you may have along the way.
5. Selling costs
There are a number of costs when it comes to selling commercial property such as:
- Capital Gains Tax
- Commercial Solicitor Fees
- Estate Agent / Hotel broker Fees
6. Accepting an offer
All offers you receive for your commercial property should go through your commercial agent. They are required by law to inform you of any offers.
7. Exchange of contracts and completion
When contracts have been exchanged, the buyer will pay a deposit to the solicitor and a date for completion will be agreed. Upon completion, legally the sale has been completed and the mortgage lender will release the remaining money to the solicitor.