Auction sales & purchases.
Our solicitors are vastly experienced with auction property conveyancing. There are many properties in the UK which go to auction. Whether you’re looking to buy or sell a property in auction, we’ll be on hand to advise you and ensure all legal requirements are being adhered to.
Property auctions are an excellent opportunity to buy or sell a commercial property. The main appeal is that you could find a real bargain on the auction or make a great deal of profit from a sale.
You may find that many solicitors do not provide any kind of soliciting for this type of commercial property conveyance, but we do.
Work with an experienced solicitor
Our commercial property solicitors have worked with many clients at auctions. Not only does our team have great experience, but they also have a positive working relationship with auction agents.
We understand all the legislation surrounding property buying and selling at auction, including tax implications, so we can manage your property and wealth effectively.
Selling a property at auction
It’s becoming a popular method of selling commercial property, but it differs greatly to selling by private treaty. You must understand every aspect of the process before you enter your property into a commercial auction – we’ll be more than happy to explain and guide you through the process.
There are various auction agents that focus on different areas of property. It’s important to find the right one. We’ll be able to help you with this and put together a complete legal pack.
Buying a property at auction
Purchasing commercial property at auction can offer you the opportunity to buy at the most competitive rates. Property auctions can offer a range of commercial properties, from a small corner shop to a large office space.
For someone purchasing a property at auction, there are a number of aspects of the sale which need to be completed. One of which is possibly the most important piece of advice we have for you – check the auction contract before auction.
All experienced commercial property solicitors will thoroughly review the sales contract and the auction catalogue prior to the auction. This will contain general conditions of the sale, special conditions and an addendum which will correct mistakes in the sale contract, legal pack or auction brochure.