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Commercial Property

 
 
At Waterstone Solicitors we realise acquiring or disposing of new premises; whether it be self owned or leased is a crucial step for any business and needs to be handled professionally by a team who can press through the process efficiently. We offer an inclusive service dealing with all aspects of Commercial Property. Whether it is a small business or a larger organisation, some of the areas our solicitors can assist you with include sale and purchase of commercial property/land, creating new leases, assignment of leases, lease renewals and re-financing. Our clients include property developers, surveyors, banks, pension funds, institutional investors, retailers, landlords and tenants. We have substantial expertise in hotel transactions, residential development and work for retail occupiers. A number of our clients come to us as a result of referrals from existing clients and professional recommendations which is a direct testament of our success.

Our objective is to find practical and innovative solutions and to meet all of our client’s aims whether matters are resolved through arbitration, litigation, negotiating a favourable settlement or other means. We do not follow any one style of dispute resolution, but rather tailor our style according to the client’s objectives. Working with our clients we provide a cost-effective service with practical and realistic advice. You can be sure that we are at the forefront of any changes in the law and are legally trained to protect the rights of the people we represent.

Sale and Purchase of Commercial Property / Land / Premises/ Remortgage of Commercial Property / Land / Premises/ Commercial Leases:

  • Creating and negotiating new leases
  • Assignment of existing leases
  • Renewal
  • Extensions
  • Rent Review
  • Rent Deposit Deeds
  • Licence for alterations
  • Licence for change to use
  • Licence to assign
  • Authorised guarantee agreements
  • Subletting and underletting agreement

Why to choose us?

Experience the leading professionals service from Waterstone Chambers.
We listen you first. We take care of you matter and get the best service from us.


Price transparency and quotes:

Residential Property

Buying a Property

  • From £695 plus VAT plus Disbursement

Selling a Property

  • From £595 plus VAT Plus Disbursement

Shared Ownership

  • From £795 plus VAT Plus Disbursement

Transfer of Equity

  • From £350 plus VAT Plus Disbursement

Right to Buy

  • From £595 plus VAT Plus Disbursement

Re-mortgaging your Property

  • From £350 plus VAT Plus Disbursement

 

  • Please note that the stated prices excludes disbursements (expenses) such as stated in the table below as well as any fees or sums payable to a third party. In order for us to be able to provide you with an accurate breakdown of your likely costs and expenses, please contact a dedicated member of our team to discuss the matter further.

Commercial property

 

Grant of new lease

Acting for landlord

  • From £1200 plus VAT plus Disbursement

Acting for tenant

  • From £950 plus VAT plus Disbursement

 

Assignment of lease

Acting for seller

  • From £850 plus VAT plus Disbursement

Acting for buyer

  • From £950 plus VAT plus Disbursement

 

 

 

Common Disbursements: Purchase

Please note that the indicated below prices serve only as guide and depend on the particular third party provider as well as the property at hand

 

Local Search Fee £200 This is a search of the local authority records for the property. The fee varies considerably from authority to authority soan average figure is given. We can provide an exact figure on request.
Drainage Search Fee £60 This is a search of the local water and drainage company to check e.g.whether the property is connected to a public sewer. The fee varies so the figure given is an average. We can provide an exact figure on request.
Environmental Search Fee £60 The average cost of an environmental search.
Flood Risk Search £24 This search indicates if there is any flood risk in the area in which the Property is located. Thisis the average cost of the search.
Stamp Duty Land Tax TBC A fee charged by the Land Registry to register the new owner of a property. An additional fee may be payable on a new lease.
Landlord’s Registration Fee £60 For leasehold properties, an estimated fee payable to the freeholder/ management company for notifying a change of owner.
Other Costs TBC TBC if any
SDLT Fee £100 Fee for preparing and submitting the Stamp Duty Land Tax form to comply with the requirements of the Inland Revenue.
VAT on SDLT fee £20 VAT charged on the SDLT costs.
Bank transfer fees

 

£40 Fee charged by the Bank for the transfer of the monies to the third party
 

Contribution to indemnity

Insurance

 

tbc

Total Disbursement Costs

 

We make it simple for you

Needed assistance, We will tell you where you stand legally and what you should do next.


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