Buying Business Premises
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
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Our Specialist Team
Head of Commercial Property
Derby & Burton Office
n.guthrie@timms-law.com
Tel: 01332 364436
She has benefited from working within top flight teams including specialists in planning law, property litigation, finance, tax, construction, pensions and retail and has been involved in many high value transactions for household name clients.
Nikola has a particular interest and expertise in site acquisition for residential development, having acquired sites for major national players as well as local builders. She is also skilled in all aspects of commercial lease work, from high street offices for private company directors’ pension funds to acquiring multi-million pound investment portfolios for institutional clients.
She has a real flair for understanding client’s commercial concerns quickly and has a common sense approach and a ‘can do’ attitude.
Nikola joined Timms in September 2018 to head up our Commercial Property department. She is keen to develop, improve and expand the team and is passionate about bringing great quality, affordable advice to our local business communities.
Principally based in our Ashby and Derby offices, he qualified in 2012 and joined the firm in 2015, having previously worked in Leicester and Northampton.
Matt has wide experience of all aspects of commercial property; including freehold and leasehold acquisitions and disposals, commercial developments, property finance and pension related matters - acting for both seller and buyer and landlord and tenant. He also has experience in dealing with conditional contracts, options and overage arrangements and all landlord and tenant transactions including lease renewals, surrenders, assignments, sublets and licences.
While Matt’s focus is on commercial property he also has considerable experience in residential conveyancing.