Find out everything you need to know about your commercial property, from the local authority records. Get a local authority search commercial property report for a fixed fee of £233 INC VAT.
A commercial property search is essential when buying a property, as it can give you important information about any potential risks.
The local authority search commercial property report costs £233 INC VAT and you can check the turnaround time for your relevant local authority.
What are searches when buying a commercial property?
When buying a property with a mortgage, whether residential or commercial, your lender will impose a condition for you to get certain conveyancing searches. These are enquiries on different matters, such as local authority charges or environmental and flood risks. Their purpose is to reveal any potential external risks that could cause damage to the property and cause you to suffer a financial loss.
The main commercial property searches are:
Local Authority Search
Water and Drainage Search
Environmental Search
Flood Risk Search
Coal Mining Search
Chancel Search
Highway Search
Utilities Search
Do you need commercial property searches?
A standard commercial search bundle includes the Regulated Local Authority & Drainage and Water Searches, as well as an FCI Commercial Search. This includes information about environmental risks, flooding, ground stability and energy and infrastructure. Order with us today for a fixed fee of £500 INC VAT. You can add a Coal Mining Search for an additional £50. If you need any more specialist searches, contact us to see if we can help.
What is a local authority search commercial property?
A commercial local authority search is an analysis made on a property based on the local authority records. It investigates matters such as planning permissions and building regulations, road scheme proposals, environmental risks and whether any part of the property is common land or not.
The local authority search commercial property analysis only applies to the relevant property; it will not contain any information on neighbouring properties. In addition to that, your report will only include information as it was at the time of the search being carried out.
Planning permission granted, denied or pending;
Building control regulations granted, denied or pending;
The local land charges covered by this search include:
compulsory orders
tree preservation orders
planning enforcement notices
financial charges registered against a property.
If the time is limited, or you are a cash buyer not wanting to get commercial property searches, you might be able to take out a no search indemnity insurance.
How long do commercial property searches take?
Commercial property searches will each have their own turnaround time. For the local authority search, this is dependant on the relevant local authority and their volume. The search can take up to a couple of weeks.
Laura has a talent for data analysis and fact-finding. She is an advertising graduate with a broad range of skills in the web marketing field within conveyancing sector. She works closely with our panel of solicitors and surveyors to understand our clients' needs and challenges and to write the most valuable content for you.
Andrew started his career in 2000 working within conveyancing solicitor firms and grew hands-on knowledge of a wide variety of conveyancing challenges and solutions. After helping in excess of 50,000 clients in his career, he uses all this experience within his article writing for SAM, mainstream media and his self published book How to Buy a House Without Killing Anyone.
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