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.
When it comes to selling your commercial property, calculating the value can be a complicated task to undertake. 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 mortgage payments). If your commercial property is a new build, this will be based on the expected income of the property.
Then 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:
There are all sorts of different types of business properties that businessowners want to sell, such as:
There are many different reasons why you may need to sell your commercial 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:
This can be an easy and useful way to sell your commercial property, especially if you need to sell quickly. At auction, you can sell your business premises no matter what the condition of it. However, remember with auction, there is no control over how much you may receive for selling your property. So, if you have a target of how much you would like to gain from selling through auction, this may not be the selling method for you.
One of the most different methods to selling your property is through a raffle. You can sell your commercial property by having your property as the first prize within the draw. However, similar to the auction, it is unpredictable how much money you may receive from selling through this method.
Within the industry, there are a lot of quick sale companies that can buy your property due to them having the cash facilities. Although they will not be able to offer you the full market value, they will be generally offer you a fair price. However, make sure you research into the company before you choose the right one for you. Some have hidden costs and work with third party companies.
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. We 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.
Interested in finding out more about our service? You can call us directly on:0800 024 8444
How much can you get?
Complete a few details to see if your property qualifies and get a cash offer
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
Rated as Excellent - aww thanks guys!
Independent reviews of our service from reviews.co.uk
Process and business model explained with no hard sell but helpful guidance and very quick response to my request.
Shaun has been exceptionally helpful so far. Will come back when I am ready to sell. Thanks K Stewart
Lee has been amazing and has listened and negotiated in a professional and sympathetic way. I was really put off by other cash for properties companies and their hard sell, but you have been completely different and I am very grateful. Adam you are also fab! Thank you all
Excellent service from Mark, but our situation has changed for the time being. Please stay in touch
Although we have not gone any further at the moment we can say that we were dealt with very professionally and we will contact Scott again if our situation changes.
Why sell your house to us?
We’re one of the leading buyers of residential/commercial property and land in England and Wales. We buy using our own cash 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 2 years
Of our own money spent buying
property for cash
Average time taken from initial offer
We'll beat any genuine cash offer!
Enter your phone number below and we'll text you an offer.