THE PROPERTY ACQUISTION PROCESS

We guide our clients through this complex and time consuming process via 8 actionable steps.

1. CURRENT PROPERTY AUDIT

  • Establish actual requirement
  • Agree search parameters
  • Location – Specification – Timing – Tenure –Budget
  • Establish available covenant

2. PROPERTY SEARCH

  • 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

  • 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 to pre-agreed time frames.

5. Planning Permission

Establish acceptance of planning use – Preparation and submission of planning application

Negotiate terms with planning officers.

6. BUILDING AND SERVICES SURVEY

  • 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

  • Documentation
  • Health and safety file – the building
  • Building regulations
  • Project management
  • Capital allowances

8. Rating

Evaluate assessment of new building & negotiate reduction in rating liability if necessary.

ARE YOU LOOKING TO ACQUIRE A PROPERTY?

For further information as to how Roger Hannah can meet your property needs, contact our professional team of Commercial Property Agents in Manchester today.