Whozoo Tips #6 How to sell a commercial property?

Published: 19/11/2023

How to sell a commercial property?

There are a few key steps to consider when selling your commercial property.

  1. Prepare your property for sale. This includes making any necessary repairs or updates, and decluttering and cleaning the property. You should also have a Commercial Energy Performance Certificate (EPC) prepared for the property.
  2. Price your property correctly. It is important to price your property competitively in order to attract buyers. You can get a valuation from a commercial property agent to help you with this.
  3. Market your property. You can market your property yourself or through a commercial property agent. If you are marketing the property yourself, you should advertise it in trade publications and online. If you are using an agent, they will be able to market the property to their network of potential buyers.
  4. Negotiate the sale. Once you have received an offer on your property, you will need to negotiate the terms of the sale. This may include the price, the completion date, and any other conditions.
  5. Close the sale. Once you have agreed on the terms of the sale, you will need to exchange contracts with the buyer. This will legally bind you to sell the property to the buyer. Completion will then take place on the agreed date, when the buyer will pay you the balance of the purchase price and take ownership of the property.
  6. Be prepared to act quickly. The commercial property market can move quickly, so it is important to be prepared to act quickly when you receive an offer.
  7. Be flexible. You may need to be flexible on the price or other terms of the sale in order to secure a buyer. 
  8. Get professional advice. It is a good idea to get professional advice from a commercial property agent and a solicitor when selling your commercial property.