Selling a Business Centre
Business centres can vary widely in terms of their size and what they offer, but there are some common steps to follow when selling a business centre.
Your top questions when selling a business centre
✅ How do I know whether my property qualifies as a business centre?
Business centres are properties that can range in size from just a single building with office space that shares toilets and kitchens to an entire estate of multiple buildings with extra amenities provided. They can be freehold, meaning you own the property outright, or leasehold, where you pay the freeholder an annual ground rent and own it for a set number of years.
✅ What are some of the factors that can make people want to buy a business centre?
The location of your business centre can play an important role in how quickly you’re able to sell it, because properties situated in popular areas are more likely to sell faster. Another factor that might help to generate more interest from prospective buyers is if the business centre has ample and easily accessible parking space, because most workers will drive to their jobs.
✅ What issues might make it more difficult to sell a business centre?
One of the biggest factors that can make some buyers lose interest in making an offer on your business centre is if it has a large-scale physical problem like structural damage. Other issues that can turn buyers away from making an offer include your business centre being situated in a remote location and not having sufficient parking for the people that would work there.
✅ If my business centre has a structural problem should I fix it before selling?
It depends on whether you have the resources available in terms of time, effort, money and willingness to pursue repair work that may be very expensive and lengthy before selling. You can still get a competitive and rapid offer for your business centre without fixing any structural problems if you get in touch with a fast property buyer such as LDN Properties.
✅ What is the best way to avoid paying commission when selling a business centre?
You could try selling your business centre without any help, so you wouldn’t be required to pay an auctioneer or estate agent any commission, but this can be a stressful way to sell a property. Instead, the ideal way to avoid paying fees is to contact a no-commission quick property buyer and this way you can sell your business centre and keep all of the sale proceeds.
✅ What are the quickest options available for selling a business centre?
Usually, the swiftest way to sell a business centre or any other type of property is by using a quick property buyer, because these companies can finalise the process of buying almost any property within a few short weeks. By contrast, it can take at least many months to sell a business centre on your own or when using an estate agent or auctioneer.
✅ What assurances are there for trusting a quick buyer when selling my business centre?
Honest quick buyers like LDN Properties belong to The Property Ombudsman (TPO), which is a third party entity that publishes policies to shield property owners from falling victim to fraud in the fast buying industry. You should ask specific quick buyers if they belong to TPO, and if they do then this should give you peace of mind as they will have to comply with the policies.
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