It’s a question that people up and down the country are asking: can I sell my freehold and if so, how? Just check the number of related threads created by anxious freeholders on property websites – there are dozens and dozens. It appears to be a topic that causes much concern.
Thankfully, the answer is yes – owning the freehold to a property means that you’re able to sell it as and when you like, but you’ll need to consider the leaseholders and this can make it a complicated business.
However, if you seek advice from experts right at the start, the process needn’t be too hard.
How do I sell my freehold, then?
You can do it the hard way or the easy way. The hard way involves going through a specialist solicitor, the drawing up of paperwork and the to-ing and fro-ing associated with doing anything vaguely official. The building would then go on the market as a commercial property and it would be a waiting game; hanging on for another investor or maybe a property firm to make you an offer – that’s after you’ve crossed all the Ts and dotted those Is with regard to the current lessees, of course.
This could take some time, so if you want to sell your freehold in a hurry, you might want to consider taking the other, easier option: letting us buy your freehold.
Removing months of worry and lots of inconvenience, Freehold Sale can take the process out of your hands. Our unique offering, which is provided by knowledgeable and experienced specialists, gives you the opportunity to dispose of your freehold quickly and at a fair price. You could be enjoying those released funds far sooner than you might otherwise, not to mention experiencing some new-found peace of mind.
After an initial chat about the property, we will make you an offer within 24 hours. This offer will be calculated as per specific information you provide, on current market values and based on our years of experience. You will receive the full amount. If you accept this offer, we will be on hand to dispense invaluable advice and serve the appropriate notices to your leaseholders. They have the Right of First Refusal and are legally allocated two months to consider buying the freehold. With access to the Land Registry, we can draw up and distribute those documents in a shorter period of time.
If the leaseholders accept, then we will step aside and leave you to dispose of the freehold directly to the leaseholders with the help of your own solicitors. If they decline, then we’ll proceed with the sale and instruct our solicitors accordingly. We’ll need your paperwork, of course, and can recommend a solicitor if you haven’t already appointed one. We will maintain contact throughout the sale, so any queries can be answered. What’s more, we’ll share any insight and tips that might just make the process go even more smoothly for all parties. Our experts aim to complete sales in no more than four weeks of receipt of your legal documentation.
We would be happy to talk through any questions you might have, just call us on 01245 227 920.
To answer that original question – yes, you can sell your freehold. In fact, you can sell it really easily!