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The acquisition of a commercial property to convert for residential property purposes involves a high level of due diligence. It is extremely important that the commercial property lawyers instructed are well versed in this area of conveyancing. Important matters such as checking the planning permission, VAT position, and accesses to and from the property need to be carefully checked.
Property legal’s residential conveyancers will then prepare the pre contract packs selling the individual apartments on long leases. We expect the price point of this development will attract interest from the wealthy investors in the Hale, Knutsford, Alderley Edge and Wilmslow areas.