Commercial

Satchells acts for a wide range of private and corporate clients in respect of:

• Freehold and leasehold Valuations
  Valuation can be required for a number of reasons. If with a view to selling or letting then the initial advice is free or the cost will be credited back if we are subsequently instructed to sell. However, if a more formal valuation is required for probate or taxation purposes then we try to keep our fees to the minimum.
• Sale and Letting of shop, offices and industrial premises
  Although the specific skills and knowledge requirements differ from those in our residential department, the actual process is very similar. Initially we can give you an accurate forecast of likely selling price or rental value and any appropriate terms or conditions that may need to be negotiated. Then, with the price right it comes down to effective marketing. We maintain a database of applicants requiring all kinds of business premises. In addition we can expose your property through the press and web portals. Supporting the sale or letting is again as important as in the residential market – keeping in touch with both parties and their solicitors will help the process through to successful completion.
• Rent reviews and lease renewals
  Based on our extensive local knowledge of rents and market conditions, we can advise landlords or tenants on market rents and appropriate lease terms. The rent is, for most people, the main concern. We can tell you how the base rent varies from location to location; then at any given location how the specific lease terms such as repairing or user covenants can increase or decrease the base rent.
  
  Unlike most other agents we have an incentive driven fee scale rather than a flat fee based on the final rent. We normally make a small charge for the initial appraisal, then, if instructed to proceed, our fees can be based on a percentage of the increase or decrease we are able to negotiate. For instance: if acting for a tenant, we appraised the rent at £15,000 but the landlord is asking £20,000, then our fees will be based as a percentage of the reduction we achieve.
• Property management
  This service can be applied to single properties or large portfolios and tailored to meet your needs. In its most comprehensive form we will collect rents, monitor tenant compliance with lease terms, deal with repairs, trigger rent reviews and serve other formal notices, etc, so that you have complete ‘peace of mind’ service. Alternatively, our clients can deal with day-to-day issues like rent collection but call on our services when problems loom or to deal with specific issues like rent reviews a rent review occurs.
• Dilapidations & Schedules of State and Condition
  Most leases will require the tenant to maintain the property during the tenancy and hand it back at the end of the term in good condition. We can advise landlords whether the tenants have complied with their obligations and, if necessary, prepare a costed Dilapidations schedule. For tenants we can advise whether such a schedule served on them is just and reasonable. At the start of some leases a schedule of the present state and condition may be required for use as a reference when eventually the lease ends.
• Business transfers
  If you have spent time building up a successful business it will have a value and can be sold as a ‘going concern’. But what is that value – how do you attribute goodwill, fixture and fitting, even the value of stock and the premises themselves? Where do you find a buyer? If you own the premises rather than just renting them, should you sell that or grant a lease? We can advise on all these issues.
  
  Buying a business as a ‘going concern’ has advantages. Accounts will normally be available to show the historic trading pattern and it will have an established clientele or customer base giving income from day one. These can be reassuring and make borrowing any monies easier to arrange. We have a large client base operating in many business sectors – and some of these are ‘open to offers’. Many are sold directly through our personal contacts, without ever being advertised – so don’t wait to see it. If you think buying as a ‘going concern’ is the safest option for you, contact us and get on our mailing list. Do not wait hoping to see an advert!

“Satchells Commercial department is led by John Hilditch and operates from the Sandy Office or contact any of our Branch Offices for a referral. If you prefer you can send an email enquiry direct to the Commercial department using the Contact Us button. All initial advice is free.