Commercial Purchase Solicitor Scotland

Commercial Purchase Lawyer Scotland

Regardless of whether you are interested in purchasing or selling a commercial property, including an office, shop, industrial unit, licenced premises, care home, surgery, or any other type of property, you require the appropriate assistance to convert a proposal or agreement in principle into a finalised transaction.

Our specialist Commercial Real Estate team is equipped to assist you in navigating any complexities or issues that may arise when purchasing or selling commercial property, which is markedly distinct from domestic conveyancing.

Purchase and sale concerns – Scotland Lawyer

While each commercial property transaction presents unique concerns, this article examines several of the most prevalent ones.  

Commercial real estate sales

The process of selling land for development, residential property for rental portfolios, or business units for commercial use can be distressing. You must ensure that you address critical matters, including the effective communication of your target buyer audience, the compilation of the requisite selling documentation, and the conclusion of a contract that satisfies your needs.

Our team is highly experienced and will provide you with guidance from the outset on the specific requirements that a potential buyer will have in order to ensure that the sale is completed as quickly and efficiently as possible. They will also provide you with support throughout the entire process.

We are capable of identifying the documentation that is truly essential and negotiating the provisions of the sale contract on a case-by-case basis, as each transaction is unique. Additionally, we collaborate closely with our extensive estate agency operation to assist you in reaching a broad buyer market. Additionally, we can assist in the preparation of the auction contract and legal document, as well as in the finalisation of the sale, if you are selling at auction.

Purchase of Commercial real estate sector

If you are considering purchasing a commercial property, you must conduct thorough due diligence to accurately assess the commercial potential and risks of the land or structure.  Our team of experts can assist you in determining the necessary level of diligence, conduct a thorough investigation of the information presented, and provide you with a report that is both clear and simple to comprehend, as well as informed, pragmatic advice to assist you in deciding on the purchase.

To ensure that the purchase of a commercial property proceeds efficiently, it is crucial to have the necessary funding in place in advance. We can ensure this occurs by coordinating with banks, building societies, or their designated agents from the outset.  

We will collaborate with your other professional advisers, such as your accountants, surveyors, and architects, to ensure a seamless transaction. In cases where a purchase involves business elements, we also work with our Corporate team colleagues to ensure that these elements, including any applicable premises licences, are transferred to you in conjunction with the property.  We can assist you in obtaining a comprehensive understanding of your purchase before you enter into any legally binding agreement by providing pragmatic and straightforward advice on all aspects of your purchase.

Commercial real estate as an investment – Expert Commercial property lawyer

Whether you are investing in a property as a buy-to-let for income or to diversify a portfolio to mitigate risk, it is advisable to seek the guidance of an expert when managing your commercial property investment.  This can assist you in identifying the appropriate property for your objectives and establishing the appropriate financial framework for the transaction.

Our Commercial team has experience representing a wide range of property investors, including individuals and large investment funds, and has dealt with both commercial and residential investments. We can guide the most appropriate structure for your needs and assist in its implementation if you require a new company or other vehicle to facilitate the investment.

A self-invested pension plan (SIPP) may be an option for individuals who are interested in investing in rental property.  We at Thorntons possess a unique level of expertise in this field, providing guidance on the acquisition of commercial property through SIPPs, representing the SIPP trustees in the acquisition process, and subsequently licencing the property to tenants.

Contact us for commercial law solicitors in Glasgow Scotland

Our expert team of Solicitors, specialising in business law, are highly trained and experienced in providing you with the solutions to your legal problems, whether your enquiry is simple or complex. We do this always in a friendly but professional manner to ensure that our clients always receive the highest quality legal services and counsel available. Our Glasgow office is perfectly located in the heart of Glasgow’s city centre and provides a vast array of services to corporate and individual clients in all facets of their business and personal lives and service clients all over Scotland. Contact us if you would like to discuss further and make an appointment with one of our solicitors.