Many companies think that they can search for properties themselves, searching for the premises only represents a small element of the whole acquisition process. Not all available properties are actually been marketed and many interesting property options are what’s known to be “off market”.
- Our Services
- Property Acquisition Services
Property Acquisition Services
We guide our clients through this complex and time consuming process via 8 actionable steps.
1. CURRENT PROPERTY AUDIT
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Establish actual requirement
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Agree search parameters
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Location – Specification – Timing – Tenure –Budget
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Establish available covenant
2. PROPERTY SEARCH
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Advise on market conditions, demand/supply
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Identify available properties – on and off market
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Full analysis of suitable opportunities
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Preparation and production of report with recommendations
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Inspections with client
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Shortlist and request for proposals
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Negotiate on selected properties
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Cost benefit analysis of suitable opportunities
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Optimise terms relative to occupancy date, costs and quality of building
3. SELECT PROPERTY
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Two alternatives to allow for abortive negotiations
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Re-define and negotiate terms
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Agree covenant to act as lease guarantee
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Finance structure if freehold
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Instruct solicitors
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Attend and ensure all matters proceed on timetable between solicitors
4. EXCHANGE OF CONTRACTS
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We manage regular dialogue with solicitors to ensure successful exchange and completion to pre-agreed time frames.
5. PLANNING PERMISSION
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Establish acceptance of planning use – Preparation and submission of planning application
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Negotiate terms with planning officers.
6. BUILDING AND SERVICES SURVEY
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Identify building condition, including defects
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Agree remedies – Landlord or Tenant
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Negotiate costs of works
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Monitor works
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Investigation into possibility of contamination
7. COMPLETION OF CONTRACT/FIT OUT AND OCCUPATION
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Documentation
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Health and safety file – the building
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Building regulations
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Project management
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Capital allowances
8. RATING
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Evaluate assessment of new building & negotiate reduction in rating liability if necessary.
Are you looking to acquire a property?
We are also aware that in order to appreciate our client’s property requirements, we must also understand their business needs, as these are often intrinsically linked. For further information as to how Roger Hannah can meet your property needs, contact our professional team of Commercial Property Agents in Manchester today.
We cover the whole of the North West of England.
Telephone 0161 817 3399 or email property@roger-hannah.co.uk
Find our Manchester office
Manchester Office
Century Buildings
14 St Mary’s Parsonage
Manchester
M3 2DF
