Selling commercial property with OMEETO

Commercial property disposals for investors and landowners

Omeeto are commercial property professionals based in Nottingham and Derby and currently operate across Derbyshire and Nottinghamshire. We are commercial property agents experienced in commercial real estate marketing and the sale of all types of corporate real estate. Omeeto regularly sell commercial properties for property owners who seek to advertise and dispose of industrial units, business space, healthcare facilities, leisure and business premises. We also act on behalf of landowners and can provide advice on a sites planning or alternative use potential, assisting you through the planning process to prepare a site for sale.  

If you are looking for experienced agent with over 25 years experience to sell your commercial real estate or land, please contact OMEETO. We are asset disposal experts, actively seeking new properties to advertise for sale particularly Industrial units, Trade Counters, Retail, Leisure, Office space, Offices, D1 (Non Residential Institutions), D2 (Assembly and Leisure), Multi let residential investments, Open Storage, Plots, Development Land, Brownfield Sites and Land with or potential for planning permission. We are actively seeking new instructions especially in the areas of in Derby and Nottingham. 

Selling corporate real estate can be a lucrative venture for property owners and investors alike. However, it's essential to approach the process with careful planning and a well-thought-out strategy. In this guide, we'll walk you through the steps involved in selling non domestic property in the England to help you navigate the complexities and ensure a successful transaction.

• Preparing Your Property: Before listing your premises, take the time to thoroughly prepare it for sale. It is important to understand what your buyers will be looking for. Start by conducting a comprehensive inspection to identify any necessary repairs or maintenance. Enhancing the property's curb appeal and addressing any structural issues can significantly increase its market value. Note that buyers are likely to also look at location, suitability and property price.
• Valuation and Market Research: Next, determine the current market value of your commercial premises. Seek professional advice from a commercial property appraiser or a reputable estate agent to obtain an accurate valuation. We advise you to choose a commercial agent who is regulated and a member of an accredited trade body, such as NAEA or the Royal Institution of Chartered Surveyors (RICS). OMEETO can provide you with a property appraisal, please contact us for more details regarding commercial property valuation. Additionally, research the local market trends and recent property sales to understand the demand and competition in the area. The condition of the property and price of recently sold properties in the area are also factors which could influence the value.
• Assembling a Team of Professionals: Selling commercial real estate involves legal, financial, and marketing intricacies. Engaging the expertise of a qualified team can simplify the process and protect your interests. Key members should include a commercial property agent and a solicitor. Your solicitor will arrange the exchange of contracts, help with any deposits and answer any questions you may have during the process. Another professional you could use include accountants.
• Legal and Regulatory Compliance: Ensure that your property complies with all relevant legal and regulatory requirements. Obtain all necessary permits, certificates, and safety checks to assure potential buyers that your property meets the necessary standards. Please also ensure you are able to provide any planning permissions, use certificates, energy performance certificate and details for any business rates.
• Marketing Your Property: An effective commercial real estate marketing strategy is crucial to attracting potential buyers. Work closely with your agent to make sure that your agent has good real estate marketing ideas, understands exactly what you are looking to achieve and knows the target market of potential purchasers.  Provide your agent with important information about the property. This can be used to create more detailed property descriptions. Commercial agents should also use high-quality photographs, virtual tours and market your property in the best way possible, to reach your target audience. OMEETO are one of the first in the Midlands to use virtual tours, and have done hundreds across Derbyshire and Nottinghamshire. We pride our selves on our leading marketing activities targeted to get the most our of property search engines and social media. 
• Negotiating the Sale: When you start receiving offers, be prepared to negotiate. Your agent can play a crucial role in negotiations between landlords, investors and buyers, but remember to stay involved and informed throughout the process. Be open to compromise and consider the buyer's needs while keeping your own priorities in mind.
• Due Diligence: Once an offer is accepted, the buyer will conduct due diligence to assess the property's financial, legal, and physical aspects. Be transparent during this phase and provide all relevant documents promptly to build trust with the buyer.
• Contract Exchange and Completion: After both parties have fulfilled the necessary conditions and agreed on the contract terms, you will exchange contracts, making the sale legally binding. Completion typically occurs a few weeks after exchange when the final payment is made, and ownership is transferred.
• Financial Planning: Be aware of capital gains tax implications and consider seeking advice from an accountant or tax professional to understand your tax liabilities and optimize your financial position. It is also useful to know that it is very likely for your commercial agent to have fees. This is worth discussing with the agent before instructing them to sell your property. Get in touch with us at OMEETO if you would like to find out more, regarding our fees.
• Post-Sale Considerations: Once the sale is complete, take the necessary steps to wrap up any remaining legal obligations and financial matters. If you intend to reinvest in another premises, consider consulting with a financial advisor to explore potential investment opportunities.
• In conclusion, selling corporate real estate in the UK demands careful preparation, market research, and professional assistance. By following this guide, you can navigate the process successfully and maximise the value of your non domestic property. Remember that each property sale is unique, so be adaptable and open to seeking expert advice when necessary.

Omeeto commercial property consultants derby and commercial property consultants Nottingham. We are specialists in commercial property disposals.