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- Property Acquisition Services
Property Acquisition Services
One of Roger Hannah’s core services is property acquisition. We advise occupier clients that are looking for suitable new business premises that will support the efficient operation of their business.
We know that finding the right commercial property may require a lot of time and resources – many properties could be distant from your business vision in terms of location, accessibility and other variables, so having an expert property agent on your side can help you to navigate the market. Our streamlined 8-step process allows us to guide clients through this time consuming and complex process.
1) Current Property Audit
We will audit your current property portfolio to determine your acquisition requirements, such as property location and budget.
- Establish actual requirement
- Agree search parameters
- Location – Specification – Timing – Tenure – Budget
- Establish available covenants.
2) Property Search
Using our local and national property market insights, we will identify acquisition opportunities that align with your requirements. We also have access to off-market properties that aren’t publicly advertised.
- Advise on market conditions, demand/supply
- Identify available properties – on and off market
- Full analysis of suitable opportunities
- Preparation and production of report with recommendations
- Inspections with client
- Shortlist and request for proposals
- Negotiate on selected properties
- Cost benefit analysis of suitable opportunities
- Optimise terms relative to occupancy date, costs and quality of building.
3) Select Property
We will help you to select your preferred properties – including setting backup choices in case of failed negotiations – and ensure that everything is in place for a smooth transaction.
- Two alternatives to allow for abortive negotiations
- Re-define and negotiate terms
- Agree covenant to act as lease guarantee
- Finance structure, if freehold
- Instruct solicitors
- Attend and ensure all matters proceed on timetable between solicitors.
4) Exchange of Contracts
We manage regular dialogue with solicitors to ensure successful exchange and completion within pre-agreed time frames.
5) Planning Permission
If planning permission is required for your commercial property, we will manage everything that is needed to secure approval.
- Establish acceptance of planning use
- Preparation and submission of planning application
- Negotiate terms with planning officers.
6) Building and Services Survey
We carry out detailed building surveys to assess the current condition of the commercial property, and resolve any issues accordingly.
- Identify building condition, including defects
- Agree remedies – Landlord or Tenant
- Negotiate costs of works
- Monitor works
- Investigation into possibility of contamination
7) Completion of Contract/Fit-Out and Occupation
Roger Hannah will handle completion of contract and manage the fit-out process if needed, to avoid any unnecessary delays.
- Documentation
- Health and safety file – the building
- Building regulations
- Project management
- Capital allowances
8) Rating
We will evaluate the business rates of the property and negotiate a 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