Selling an office: what you need to know

Why and how to sell your office?

A desire for change, a need for liquidity, the desire to invest in a new project… There are many reasons why an owner may wish to sell their office. In some cases, this sale is part of an investment activity. Thus, the property is purchased and resold within a certain period of time to generate profits.

In any case, the process of selling an office involves many steps to complete:

• study the local professional real estate market;
• enhance the premises (renovation, upgrading, provision of equipment);
• estimate the sale price;
• write an attractive advertisement;
• find candidates and organize visits;
• carry out administrative procedures;
• etc.

Please note

It is wiser to call on a real estate professional to help you with these procedures.

Checklist: what documents are needed to sell an office?

Several documents are required when you want to sell your office in Belgium:

• the title deed,
• the property diagnostics,
• if applicable, documents related to the condominium (statutes, minutes of general meetings, etc.),
• urban planning information,
• etc.

As for the energy certificate (PEB), it is not mandatory for the sale of an office in Wallonia. On the other hand, in Brussels, one is required for premises over 500 m². This obligation also applies to the sale of an office building of up to 500 m² in Flanders.

Good to know

The rules relating to administrative procedures and the provision of documents may vary depending on the region. It is therefore essential to inquire with local authorities before proceeding with the sale.

How to estimate the value of your professional office?

Several criteria must be considered to estimate the value of an office space:

• the location of the building;
• the condition of the premises (renovation, upgrading, etc.);
• available equipment;
• the size and area of the premises;
• the price of the local professional real estate market;
• etc.

It should also be noted that the surrounding environment (proximity to public transport, presence of shops and services, etc.) has a direct impact on the sale price.

Consider using the services of an expert to obtain an accurate estimate of your property.

In conclusion

Selling a professional office involves a large investment of time. To help you with this process, do not hesitate to call on a real estate professional. Specialist in professional real estate in Belgium, Allten can support you throughout your process. Do not hesitate to contact us for more information.