Commercial Property Solicitors Wimbledon

Ashworths specialises in undertaking commercial property work. In our view “Commercial Property” includes a wide range of property-related work. At Ashworths our Expertise commercial property solicitors include:

    • Working with property professionals in the acquisition and set up of residential, commercial, and mixed-use development sites.
    • Acting for businesses with multiple property holdings.
    • Dealing with individual property acquisitions and disposals
      A specified partner in the firm will be responsible for the work carried out and will serve as the main point of contact for you, the client.

Complex matters can be dealt with by more than one case-handler, whilst any large client will have two case-handlers allocated to them to ensure easy availability.
The department has recently been involved in the following types of transactions:

Acquisition of land

Our Commercial property solicitors have recently acted for a Hong Kong consortium in the acquisition of a large plot of land in East London from a developer who in turn contracted to build out three blocks of high-specification residential flats. We are also currently dealing with the sales of the individual units.
We have recently acted for a UK developer in acquiring a substantial brown-field site in South East London. The site has planning permission for industrial use and will soon be built out by the developer.

Commercial Leases

The department acts for various retail companies in assisting in the management of their property portfolios (including the acquisition and disposal of freehold and leasehold premises). An example of a recent transaction involved acquiring a turnover rent retail unit in a Designer Village Factory Outlet – a relatively new sight in the high turnover retail market.

Acquisition and disposal of land and buildings

The department handles the property portfolio for a number of substantial property-owning companies. Various transactions have included the acquisition of a bird-park, warehousing and also the smallest development site in London. Another recent example of a transaction conducted for one of our major clients was the sale of a large office building in Birmingham under a contract conditional on planning and subject to existing leases, coupled with a lease back and surrender of one unit.

We are happy to discuss your requirements with you and to advise in general terms on all aspects of the transaction and the estimated legal cost. Please either contact us by telephone or email us at: info@ashworths.co.uk

CALL US: 0345 370 1000

FAQs

Conveyancing of a property is a formal term for the paperwork and legalities involved in transferring a property from one party to another, either though buying and selling, or via a rental or leasehold arrangement. A property specialist solicitor’s firm will be able to help with the different aspects of conveyancing.

Residential conveyancing is the name for the legalities and paperwork around buying, selling or renting a domestic dwelling, such as a house or flat, as opposed to commercial offices, retail space or warehousing. A specialist property solicitor will be able to advise on what residential conveyancing services you require, based on your individual circumstances.

There is no single answer to this question as each case will take a different length of time to complete, based on the complexity of the purchase, rental or sale, geographical locations involved and any other issues around surveys, searches and financial arrangements such as mortgages or shared ownership. Your solicitor will be able to advise how long your conveyancing work will take in more detail.

As with any financial decision, it is important to do careful research into potential conveyancing solicitors, including reading reviews, checking that the firm offers the services you require and, above all, trusting your instincts about working with the people involved. To get started, check local business directories, speak to friends and family or contact the Law Society for a list of solicitors in your area.

Purchasing residential property through a company is perfectly possible to do, however, it will require a little more specialist support from a suitable solicitor to ensure that the paperwork is in order. Speak to Ashworths Solicitors to find out how we can help.

In theory, it is perfectly possible to buy or sell a house without the support of a solicitor, and some people are attracted to the chance to save money by ‘going it alone’. However, if you do not have adequate legal knowledge, patience or time to conduct your own conveyancing, it is highly recommended to contact a solicitor to undertake the process on your behalf.

A mortgage is a loan taken out against a property or piece of land to help the buyer have access to enough funds to secure its ownership. The loan is secured against the new acquisition and repayments are made regularly until the mortgage, plus any agreed interest, is paid off. If repayments are not kept up, the mortgage provider can repossess the property in order to get their money back.

When you re-mortgage a property, this means that you take out an additional loan, which is secured against the property, to replace or add to an existing mortgage. The repayment agreements and interest rate can be the same as your existing mortgage, or completely different. These details must be agreed with the re-mortgage provider before the loan is issued to the borrower.

A leasehold property is a building or other assets that are sited on land that is owned by someone else – known as the freeholder. The leaseholder must agree to the freeholder’s terms to ‘rent’ the land on which their property sits, which often involves regular payments and service charges that pay for – or contribute towards – the upkeep of the land.

Shared ownership issues can be complicated to process, so it is highly recommended to engage a solicitor to protect all parties and to spot and resolve as quickly and practically as possible. Choose a specialist property conveyancing solicitor with experience in shared ownership matters, such as Ashworths Solicitors.

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