The Benefits of Purchasing Commercial Property at Auction

If you are looking to purchase commercial property then doing so via auction offers an exciting and non-traditional route. Despite this there is a different process involved than buying commercial property the regular way, and it is important to fully understand the obligations you have as a buyer.

The advantages of buying a commercial property at auction include:

Fast Turnaround Time b As long as the finances are in place from your side of things, there is usually a fast turnaround of around 28 days from a sale at auction to completion, avoiding the, often lengthier, private treaty process.

Build An Alternative Portfolio b Commercial properties found at auction can be vastly different to those usually found in the open market, allowing you to invest in unique opportunities.

Discounted Purchases b Very often a commercial property bought at auction will be sold at a much lower value than you expect the same property to be sold through traditional means. For cost-effective property investment, an auction is the place to be.

If you would like to take advantage of an auction to buy commercial property, Central Mortgages has a team of experts in place to help you put together the financial packages that will ensure a smooth transition to you becoming a landlord of a commercial property. Call us today and webll be happy to discuss the specifics further and offer advice on buying commercial through an auction process.