The purchase or sale of commercial properties can be more complex as there are often additional issues to be considered when compared to residential property transactions. These include:
- GST implications;
- whether the property is subject to a lease and the terms and conditions of the lease;
- local council requirements in relation to the use of the building and any proposed development of the building; and
- contamination of land, in particular, those properties which have an industrial use.
Given these complexities, the sale and purchase of commercial properties requires the expertise of a commercial property lawyer.
Please contact our team to discuss your proposed purchase or sale.