Business Connect have featured PM Law in previous editions looking specifically at support for residential landlords. As a specialist law firm, the business has followed steady growth and progress with a series of acquisitions creating a group that covers specialisms in a range of services, including personal injury, employment, dispute resolution, wills, trusts and probate, residential conveyancing and more. Harvey Harding, Group Managing Director, was the architect behind the group’s residential conveyancing business, PM Property Lawyers, which now operates nationally from their Sheffield base.
Further to the specialist work overseen by Harvey across the property sector, one of the standout specialist areas that the group offer is support with commercial property. This is delivered by Jack Tennant from Wilsons Solicitors, who has been specialising in the commercial property sector and supporting businesses and personal clients expand their portfolios within the sector. Wilsons Solicitors are part of the PM Law Group, enhancing the range of services offered by the group, and have been providing advice and a full range of service options to many clients on a national basis across the commercial property sector from their Leeds-based offices. We caught up with Jack to find out more:
“For those who manage residential properties, the commercial property marketplace can often feel unwelcoming, with multiple barriers to entry. However, they do not come without their rewards. From longer term leases, reduced costs in having to persistently find new tenants, and the sheer size of the property management market, investing in this sector can mean potential for increased returns on any investment. At Wilsons Solicitors, we have a wealth of knowledge and experience, working with those who wish to diversify their property portfolio to include commercial premises. We know that commercial property can often be seen as a cost until such a time when a tenant has been found, but there is a trend of properties becoming available where tenants are already in place. Not only can we complete thorough searches, we can advise on the current tenancy agreements, support a new one being created and when the time comes, any lease extensions.
“Since the pandemic, we have seen huge increases with cities modernising buildings creating residential property with commercial entities on their lower floors, including supermarkets, gyms and laundrettes. These arrangements have become lucrative for many of my clients, and navigating the best course through the acquisition process, lease arrangements and ongoing legal support has been a really engaging part of the work we do here. Commercial lending has also become a speciality for us here. With our experience across mortgages, remortgages and bridging loans, we can often suggest different cost-effective routes for our clients. Financing options can often be complex and require strict timescales, but we pride ourselves on ensuring we can work within the timeframes you need.
“Over recent years, we have seen property investors making a mark in the industry and also generating large profits from repurposing land. Typically this is something run down or dilapidated that is then modernised, or in some instances redeveloped entirely and either sold or leased to businesses or private tenants. We can fully review all potential developments, ensuring that required planning and use of land is considered at the point of purchase, to confirm no nasty surprises down the road. Commercial conveyancing can also include negotiation, something that is becoming increasingly popular within this market; we work tirelessly to ensure the best deal for our clients, taking into account the complexities of your specific property purchase. We can support you in every aspect of your dealings within the commercial property sector, either as a first time investor or seasoned property expert. Our due diligence and professionalism is of the utmost priority in how we conduct our work, and title checks, enquiries and all aspects of conveyancing are raised to the standards you expect.
“If you are considering diversifying your residential portfolio to include commercial property, we can advise on differences in the conveyancing process and what to expect, supporting you as you undertake this journey. Please don’t hesite to contact us for a full review of your needs, and take the next step into the commercial property sector alongside our team of trusted commercial experts.”
Contact Jack Tennant at Wilsons Solicitors for further information:
Jack Tennant
jtennant@wilsons-solicitors.uk
0113 258 6888
wilsons-solicitors.uk
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