For some businesses, owning the premises outright or subject to a commercial mortgage may be preferably to leasing
Freehold premises can be a valuable asset and a tax-efficient investment.
Owning your own premises can give you the freedom you need to expand, alter or lease part in response to changing markets without having to turn to a landlord for (often expensive and time-consuming) legal consents.
Putting the freehold ownership into a directors pension scheme can be a prudent way to operate the business while protecting the longer term financial interests of the business owners, letting you sit back and enjoy the benefits after years of investment in growing your business.
Buying a property is a significant financial commitment. We will help you ensure that:
- The property is suitable for your business aims and objectives
- There is flexibility to adapt if the needs of your business change
- Funding arrangements are secured and funds released to you promptly
- Due diligence is observed before you are committed to the transaction
- Potential pitfalls are identified
- Any issues arising are resolved or used to your best advantage
- Planning and land law restrictions are considered in detail
Our commercial property lawyers in Derby, Ashby, Burton and Swadlincote advise on the buying and selling of every type of commercial premises. We work closely with your surveyor/valuer, planners, accountants and, if you’re financing the deal, your funders, so that you receive a seamless and efficient professional service leaving you free to manage and develop your business.
For further details or a chat with one of our team, please telephone us on freephone 0800 011 6666 or email us via legal@timms-law.com