We have acted in some of the largest commercial transactions ever completed on the Gold Coast. We are therefore seen as a market leader in this area, so have a team you can trust with your sale or purchase of commercial property. Our clients include large Australian businesses, franchisees, as well as small and medium sized businesses.
Our property lawyers are well versed in assisting clients who buy and sell commercial property. As these transactions often involve great complexity, it is important to have a team that can foresee potential issues which may arise from the outset. It is recommended that we review the contract before you sign so your rights are protected throughout the transaction.
We understand that your contract must be drafted in a way which is suitable to the particular industry the Property relates to. We consider that the due diligence process is an integral aspect to your transaction as it ensures you are receiving a property which is a sound commercial investment. At an initial due diligence stage, we will assist you in undertaking the relevant searches to ensure you are acquiring a property with no inherent problems.
As part of the due diligence process, we review all leases which affect the property. Advising you on the salient commercial terms of these leases, such as when rent will be reviewed and which party pays outgoings, enables you to not only determine whether this is a sound commercial investment now, but also project how your property will perform in the future.
Commercial property transactions often involve a significant number of moving parts. If not managed properly, these parts can have serious financial and legal implications for you. Incorrectly categorising the GST nature of the transaction can result in you being required to pay GST in addition to the Price when such a payment could have been avoided. Not having an assignable bond from a Tenant or a personal guarantee from its directors increases the risk of your investment, as you do not hold any security in the event of a default. It is therefore vital that you engage an experienced lawyer who is able to advise you on the structure of your transaction from the outset.
TRANSACTIONS WE REGULARLY ADVISE CLIENTS ON:
- Retail shops
- Industrial buildings
- Off the plan flat land for commercial development
- Childcare centres
CONTACT US TODAY
If you have any questions or wish to schedule a consultation on the Gold Coast, call us on (07) 5592 1921.