Commercial Estate Agency London

Commercial Estate Agency

Ashurst Real Estate has a rich history of commercial estate agency in London, particularly within the mid town postcodes of central London.

Our commercial estate agency in London focuses on purchasing and selling freehold or long leasehold buildings, renting buildings on behalf of landlords and tenants and dealing with assignments of an existing lease.

The property market is often described as a single entity but London has multiple property markets, each operating at their own pace and value.

Our area of focus is the mid town sub market of central London which includes King’s Cross, Bloomsbury, Covent Garden and Holborn where buildings have been bought, sold or leased.

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Ashurst Real Estate has been positioned as one of the top 5 commercial estate agencies in 2021 in CoStar’s annual rankings for mid town, which we consider to be a great honour and achievement.

CoStar is an industry leading property information platform that records data on commercial property transactions and availability.

Purchases

Our commercial estate agency has purchased properties for investors and business that wish to occupy for their own benefit.

Ashurst Real Estate has a variety of investors and owner occupiers looking to purchase properties on an ongoing basis.

With either type of purchaser, we take care to understand our clients’ budgetary and size requirements before searching the market for a suitable property.

The amount of properties being sold at any given time is generally far less than properties that are available for lease and more often than not, the resulting freehold or long leasehold acquisition is identified via off market contacts which we have nurtured over 25 years of experience.

Project managing a purchase does not stop with the identification of a property.

We will also organise legal advice, building surveys, refurbishment advice and property finance, as required and we have a selection of various consultants available for recommendation in each of these specialist fields.

Sales

We have sold many properties for both investors and business and generally have a number of sales either on the market or in solicitors hands at any given time.

Ashurst Real Estate’s commercial estate agency, London has consistently achieved sales prices that are in the upper echelons of value due to our understanding of the local markets within which we operate.

We advise our clients on the most effective marketing channels, marketing media and then diligently go to market with performance and activity reports during the sales campaign.

Once a purchaser has been identified, we will confirm the ability to complete a transaction by conducting financial due diligence investigations.

The modern process of selling a building has become more complex in recent years due to stringent anti money laundering regulations and Ashurst Real Estate provides full compliance with this matter.

Leasing

Ashurst Real Estate has leased a variety of differing properties that include offices, shops industrial buildings and schools on behalf of landlords and tenants.

When acting for a landlord, we will ensure that the property is provided maximum coverage to potential tenants and their retained advisors through on line marketing and inter agency communications.

Ashurst Real Estate will manage the entire disposal process on our landlord clients’ behalf, from initial rental valuation advice, preparation of marketing media, conducting inspections, negotiating the lease terms, organising references and anti money laundering checks, and liaising with legal advisers.

When acting for a tenant that is looking to rent a property, we will ensure that our clients’ requirement is fully known within the market, before providing a comprehensive report of all available options to our client with a number of shortlisted properties highlighted.

Ashurst Real Estate will manage the entire acquisition process on our tenant clients’ behalf, from organising inspections, negotiating the lease terms, liaising with legal advisers and other consultants to reach a successful conclusion.

Whilst our advice is not always followed, we will be honest and accurate when valuing a property and negotiating the terms of a lease and we will always offer the best independent advice for our client. This is perhaps why we have worked with the majority of our clients for more than 20 years as they value our objectivity.

Assignments

Disposing or acquiring an existing lease of a property is known as an assignment and offers a differing degree of complexity for a client as all the lease terms including rent are already on going and are unchangeable.

For the party looking to dispose the lease, the assignor, it may have to accept the rent payable under the lease is higher than current market rental value, which will have an effect on the property’s desirability. In contrast, the existing rent could be less than current market value. In either case, we will provide expert advice on how best to manage this issue.

For the party looking to acquire an existing lease, the assignee, it may have to accept that the existing lease terms are unfavourable and that out of lease contract negotiations are required with the assignor in order to reach a mutually convenient conclusion, for example, reinstatement obligations at the end of the lease.

Ashurst Real Estate has advised assignors and assignees with the acquisition and disposal of existing leases with an analysis of rent and other terms of the lease and the best route to reaching a satisfactory conclusion.