Although we are experts in all aspects of Self Invested Pensions, we have gained a very wide range of experience in handling Commercial Property transactions in particular.
We consider Commercial Property on the following basis:
We have a number of types of property / land, such as:
In order to assess a particular property as an investment of your pension scheme we will require a Solicitor to be appointed to prepare a report on title, to conduct appropriate searches and enquiries, to handle the transfer of funds and contracts and to check leases.
A Surveyor will be required to prepare a valuation report, to include the property value, rental value and insurance reinstatement value. Transactions with connected parties must be done on commercial terms.
The property must be insured on a commercial basis, with the interest of the pension scheme noted. If you do not have insurance then we can obtain a quotation for you from our insurers.
We have published a number of factsheets covering specific types of transaction: