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.
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.
Commercial Property Selling Guide