Oliver and Co - Commercial Property Transactions
Legal Hour on Dee
Saturday, 4 November 2023 - 11 minutes
In the Legal Hour for November Michelle McQuillan, who is Head of Commercial Property and a Senior Associate Solicitor at Oliver & Co Solicitors, spoke to Darren Antrobus on Dee's Morning Show..
Michelle talked about a wide range of transactions involving commercial property, such as buying, selling, refinancing or lease matters.
What is commercial property?
A building or land that houses a business, generates income for a business or is used in any form of business activity.
Examples include:
- Highstreet shops or shops and retail premises within a shopping centre or on a retail park.
- Office space – Solicitors, Accountants, Banks
- Industrial warehouses or showrooms
- Property used for personal services such as beauticians or barbers/hairdressers
- Medical practices for Doctors, Dentists and other healthcare providers
- Any property owned or occupied by a charity, local authority or government body
- Agricultural or Farm Land and forestry
- Buildings used in hospitality – Hotels, BnB’s, pubs, cinemas, car garages, holiday lets
Types of clients:
- Geographically located throughout England and Wales
- Sole traders
- Partnerships
- Limited companies
- Pension schemes
- Charities – faith organisations, community groups or any charity that has a property transaction
- Developers
- Lenders
- Individuals with a buy to let portfolio – investment portfolios
Types of transactions:
Buying, selling, refinancing (high street or independent bridging finance) commercial property.
Negotiating commercial leases whether acting for landlord or tenant
Negotiating terms for other business lease/Landlord and Tenant transactions
Development work – acquiring land for development on conditional contracts and negotiating terms for exclusivity agreements, pre-emption agreements, options and overage agreements.
Land and agricultural matters – whether sale and purchase, lettings, farming tenancies and grazing agreements.
Transactions on behalf of charities – sales, purchases, leases
Investment property transactions on behalf of private pension schemes
You can find out more here:
https://www.oliverandco.co.uk/services-for-businesses/commercial-property/
