Nursery World - Market View: Advice for leaseholders when it comes to selling the property

Leah Turner, co-founder of Owen Froebel, which offers day nursery brokerage, valuations and sales, on whether providers should tell their landlord they are selling.

If you lease your property, how you approach the sale will depend on your current lease, your landlord and the relationship you have.

If you are going to be leasing the property yourself, your buyer will look for a longer lease, ideally of at least ten years, and will need this to secure finance. Providing this length of lease will make it easier for them to secure finance and for you to achieve the asking price.

If you have a commercial landlord, such as a property company with multiple tenants, or you lease from the council, they are more au fait with a change of tenants, so your buyer can easily approach them as part of the transaction with the view of having a new full lease issued directly to them. As part of this, you would surrender your lease, and all liabilities you have for it would cease on completion.

Register now to continue reading

Thank you for visiting Nursery World and making use of our archive of more than 35,000 expert features, subject guides, case studies and policy updates. Why not register today and enjoy the following great benefits:

What's included