Looking to sell a business property?
We may be able to buy your commercial property fast!
Looking to sell your commercial property, but unsure where to start? As you may have already assumed, selling commercial properties is slightly different to selling a residential property. This page intends to delve into how you can sell your commercial property in the simplest way possible.
When it comes to selling a commercial property, there are many factors you need to be aware of. Throughout, you will need to have basic knowledge about legislation surrounding your commercial property.
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When it comes to selling your commercial property, calculating the value can be a complicated task. Unlike other financial assets, the majority of commercial estate agents don’t trade in exchange with openly quoted prices. They usually send a valuer to estimate the selling price.
Your commercial property will be valued on its Net Operating Income (NOI) that it generates each year. This is used as it can be hard to find similar properties in the area that have the same commercial purposes as your business.
To calculate the NOI, valuers will take into account the actual income of the property and then proceed to subtract any operating expenses (apart from house repayments). If your commercial property is a new build, this will be based on the expected income of the property.
The final step the calculation is to divide the NOI by your average yield rate. This is the rate that investors can hope to get as a return at the end of each year.
As expected, there are costs involved when selling your commercial property:
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There are all sorts of different types of business properties that business owners want to sell, such as:
If you are looking to sell your commercial property through whatever means then your buyers will be looking for a few bits of information that you should make readily available. Here is some of the information that you may require in order to sell your commercial property:
There are many different reasons why you may need to sell your property quickly. Maybe you have seen a new premise for your business to move to, but you are struggling to find a buyer for your current property. Or maybe you are switching from trading offline to online and need the cash quickly to spend on your online marketing. Whatever the reason for selling your commercial property fast, there are different ways you can get cash quickly:
Struggling to sell your commercial property? On average, we buy any property within two to three weeks. We are regulated by The Property Ombudsman and the National Association of Property Buyers which means we make sure our customers are protected at every stage of the buying process. The Property Buying Company always endeavour to build a rapport with our customers and we’ll only ever allocate one agent to a case which means you’ll always have a point of contact that you’ll recognise. This is one of many reasons why we get some amazing reviews online from our customers.
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How much can you get from our we buy any house service?
Complete a few details to see if your property qualifies and get a cash offer – remember we buy any property, in any condition, in any location!
5 simple steps to having your property sold!
Our quick (but thorough) 5 step sale process means we can buy your house fast and at a great price
Check to see if your property is eligible check now
Receive an offerfrom us within 24 hours
We’ll visit your property & formalise our offer
We’ll instruct solicitors and pay all fees
Exchange contracts & complete as usual
Why choose us as your cash house buyers?
We’re one of the leading we buy any house UK companies for residential/commercial property and land in England and Wales. We buy using our own cash house buying facility meaning we can offer the best prices in our industry and complete the sale quicker than anyone else.
|Your options||Average sale length||Typical cost to you|
|The Property Buying Company||2-3 weeks||£0.00|
|Other House Buying Companies||2-10 weeks||£1000|
|Property Auction||6-10 weeks||£2500-£5000|
|Online Estate Agents||16-52 weeks||£1000(upfront)-£5000|
|Estate Agents||16-52 weeks||£5000|
Unlike most of the other options available to you, we are not a broker or middle man, meaning you skip the fees and get a sale quickly and easily.
The Property Buying Company is registered with the Property Ombudsman and is a member of the National Association of Property Buyers
Properties bought by us for cash in
the last 3 years
Of our own money spent buying
property for cash
Average time taken from initial offer
We'll beat any genuine cash offer!
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