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Buying a commercial property at auction is different to the traditional way of purchasing property via a commercial agent.
If you are selling a property at auction you will need to submit a legal pack to the Auction House. What you include will depend on the particular property and your circumstances. Often the packs need to be prepared at short notice and getting this right is a vital part of the auction process. We have vast experience in preparing these packs and their conditions of sale so that your property is ready for sale.
When the hammer falls, this is the formal exchange of a legally binding contract to purchase the property. With large sums of money involved it is vital to thoroughly review the contents of the auction and legal pack the auction company provides.
We offer a cost effective service to review auction packs and provide a brief report on the key points. It is better to incur potentially a small amount of legal costs and not proceed, than to take a chance and potentially be left with a devalued or unsellable asset.