Buying or selling commercial property at auction requires specialist legal knowledge and it pays to have an expert on hand to ensure that you protect yourself against any potential risks.
Once the auction ends you are committed to buy or sell come what may, no matter what problems may subsequently be discovered with the property.
Our commercial property solicitors are able to provide expert pre-auction advice to avoid these risks to ensure, as much as we are able to do so, that from a legal perspective the investment that you are proposing to make is a sound one.
If you are buying at auction, we recommend that you instruct us to act for you as quickly as possible and certainly well in advance of the auction. Our specialist solicitors will then be able to provide you with advice relating to the auction and the property itself, check the auction sales pack and prepare a report on any issues arising from the auction pack.
You can then proceed knowing that following the auction you are unlikely to experience any issues with the property that could potentially render it unsaleable or unmortgageable.
If you are successful at the auction we can also assist with the post auction completion process (which is usually required to take place within 28 days) and the subsequent registration at the Land Registry.
Alternatively, if you are selling a property at auction our team can prepare the necessary auction pack required by the auctioneer and draft the special terms of the contract. After the auction we will bring the sale to a conclusion and of course account to you for the proceeds.
For further information or to speak to a member of our team please call 01928 735 333 or click here for a call back.