|Are you still buying commercial property in light of COVID-19?
Despite the coronavirus pandemic, we are still buying shops, offices, industrial property, houses and flats. Most property owners have seen their properties fall in value as tenants struggle to pay their rent. In some cases, tenants have continued to trade through these challenging times but have stopped paying rent or asked for huge rent reductions and in other cases, tenants have simply had to move out as their businesses fail. In all of these cases, the landlord suffers. When a property becomes vacant, a landlord stops receiving income and so cannot keep up with their mortgage payments. Soon, the lender will start repossession proceedings and the landlord will lose their property. If the lender gives the landlord time to find another tenant, this could take longer than a year and the rent the tenant ends up paying will be considerably less than the landlord was receiving from their previous tenant. Many landlords need to sell quickly before their money runs out and before the lender repossess. In a situation like this, we at Sell My Commercial Property can help.
|Is my property of interest?
We will consider buying almost any commercial property regardless of its size, location or condition. Our team has extensive knowledge of the UK commercial property market and our experienced team of professionals work with you to try and reach a satisfactory conclusion for both sides. To find out if your property qualifies complete and submit our online Property Information Form
|Can I sell fast?
We will work with you to meet your desired timescales and are able to buy your property fast - subject of course to valuation and contract.
|What kind of shops do you buy?
Sell My Commercial Property buys all types of retail premises ranging from small shops, to parades of shops, to retail warehouses/retail parks, to shopping centres.
|Do you consider 'sale and rent back' or 'sale and lease back'?
There are often occasions where owner-occupiers are looking to release equity but remain in the property. One way of achieving this is with either sale and rent back or sale and lease back. We will consider this arrangement when requested. You should always seek independent professional advice before entering transactions of this nature.
|What if I am facing repossession?
We can still assist if you are facing repossession. Where we have agreed to buy your property, we are able to complete transactions fast (subject to valuation and contract) providing you with the urgently needed funds to pay off your debts.