Buyer Information for Commercial Property

Commercial Property Selling Guide There are many elements and factors involved for buyers of commercial property. Let our guide make your property sale easier with our breakdown of the key points to consider for a potential buyer.

Preparing the Information for Commercial Property Buyers

As part of your marketing campaign, it is important to understand what information buyers are likely to require when considering purchasing a commercial property. The principal considerations are suitability, location and price. A complete range of additional information should be provided to prospective buyers, in order to secure a quick sale. Dependent on whether the site is for development or an existing building, the following details should be available on request.

  • Planning Permissions, lawful use certificates and Use Classes (Please refer to ‘Planning Permission and Use Classes’ Section for detailed information)
  • Commercial EPC (Please refer to ‘Commercial EPC’ Section for detailed information)
  • Business Rates and reliefs available (Although this is a new purchaser’s responsibility, information should be provided if available)
  • Local searches (Please refer to ‘Local Searches’ Section for detailed information)
  • Stamp Duty Land Tax (SDLT, buyer’s costs)
  • Utility plans and capacities available
  • Topographical survey (If appropriate)
  • Asbestos survey
  • Traffic assessment report (e.g. if development site)
  • Demolition quote (If applicable )
  • Ordnance Survey plan
  • Detailed plans (If development site)
  • Environmental report
  • Site/ground investigation report
  • Searches
  • CSPE forms completed
  • Draft contract

Although It is not compulsory to provide all of these documents (i.e. local searches, planning permission), it is considered best practice to provide a comprehensive pack. This could reduce legal fees negating several requests from buyer’s solicitors seeking information on a piecemeal basis. The added benefit may result in a quicker completion of the transaction and improved cash-flow.


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