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Purchase Costs
With property acquisitions, a prospective purchaser will
normally incur "acquisition" or "purchase costs" in addition
to the actual purchase price.
These costs are essentially legal and surveyor's fees, VAT
and stamp duty.
The level of these costs will vary depending on each particular
property, the nature of the client/surveyor relationship and
any changes in the rate of Stamp Duty imposed by the Exchequer.
At present the purchaser of a property sold with a purchase
price in excess of £500,000 could expect to have a combined
acquisition cost equivalent to about 5.75% of the purchase
price.
A prospective purchaser may have additional costs of acquisition
arising from a building survey or environmental survey.
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Before you go office
hunting, make sure you have defined your space needs and service
priorities. Global Office Search can help you determine your
exact space requirements, locate the commercial properties that
best fit and help you negotiate favourable terms. |
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Global Office Search
Global Office Search
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| Global Office Search can provide
in-depth knowledge. |
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| Insight on the potential
for buying, selling or leasing offices and commercial
property and land in London and throughout the UK. |
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| We specialise in offices, with or without
warehouse, distribution or industrial space, and we represent
many owners, occupiers, developers and investors across the
country. |
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| As part of your office relocation
process, we offer an informal meeting to assess the realistic
options of selling or letting existing commercial property
or finding more suitable alternatives. |
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| We make our recommendations
but you decide what happens next. |
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