4 areas of liability when taking on a commercial property

When it comes to selling a commercial property, the key to a successful sale is to make the property as attractive as possible to buyers. Here we look at how the advice from a Chartered Surveyor can assist.

The first aspect of a successful commercial property sale is to make sure the property is in good condition. This means undertaking any necessary repairs and completing any necessary maintenance work. This will make the property look more inviting and will help to increase its value. As part of the sale process, the buyer is likely to have a Survey undertaken by a Chartered Surveyor. This could uncover issues that go on to affect the value of the property and whether or not the sale progresses. By seeking advice from a Surveyor yourself, you can head these stumbling blocks off at the pass and undertake any necessary repair works as recommended.

Any buyer will feel more assured in their purchase if they think a property has been well-maintained. Having a planned preventative maintenance programme in place, as recommended by a Chartered Surveyor, is an ideal way of demonstrating this. Part of maintaining the property may include its aesthetic appearance – ensuring the property looks attractive and inviting, as this will create a good impression for potential buyers. This includes the exterior of the property and any grounds.

Finally, it’s important to make sure that the property is priced correctly. Before setting a price, it’s important to research the local market, so that you can set a price that is attractive to buyers. A Chartered Valuation Surveyor can value the property on your behalf; researching the market and providing a recommended asking price based on the property’s size and condition.

If you require any assistance with any aspect of preparing a commercial property for sale, a Chartered Surveyor can provide invaluable advice and assistance. Please contact our team of Chartered Surveyors, who have a wealth of experience of advising commercial property owners in Lancashire, Greater Manchester and Cumbria.

Preston Office
Telephone: 01772 458866
Blackburn Office
Telephone: 01254 260196
Clitheroe Office
Telephone: 01200 320040
Lancaster Office
Telephone: 01524 899850
Manchester Office
Telephone: 0161 265 0070
Lea Hough is a trading name of Lea Hough & Co LLP, which is a Limited Liability Partnership registered in England and Wales under partnership number OC306054.
Registered Office: Oakshaw House, 2 Capricorn Park, Blakewater Road, Blackburn, Lancashire, BB1 5QR