D1 and D2 are the property planning terms for non-residential institutions (educational buildings, medical premises, religious premises) and assembly and leisure buildings (sports and dance halls, cinemas etc) respectively. Because this is a specialist subsection in the property market, it pays to go for an estate agent with a demonstrable record of delivering what you need in this area when you are selling. This has to be your first criterion when considering how to sell a school, how to sell a church or how to sell a day nursery, amongst other D1 and D2 buildings.
Selling and moving can be a stressful business, so dedicated expertise counts for a lot: standard estate agents simply won’t know what to do with these more unusual properties. Specialist agencies will have lists of contacts and will have built up relationships over perhaps many years, giving them access to buyers that others will lack. But a bigger concern is whether you are ready to sell. In the short term, and possibly on a more ongoing basis, it may make more sense to rent the property out. That way, you have an assured income stream. This may be a preferable answer. If so, the same estate agents should be able to help you. If you are hoping to upsize to larger premises but cannot afford them at this point, this is also a way to raise the needed capital – though you may need to compromise in the meantime. Alternatively, you can take out a mortgage or bridging loan, and use the rental income to pay this off over its course. If you decide to go down that route, it’s worth seeking independent financial advice, since your estate agent is unlikely to be able to provide that service for you, and there would in any case be a conflict of interests.
When thinking of whether to or how to sell a school or how to sell a day nursery – or other educational institutional building – you may need a variety of other services. Valuation may be undertaken, as will surveying work in some situations. A good solicitor is essential – again, ideally one who is familiar with the area, since this is not the same as selling residential property or commercial property like office or retail space. Having these professionals in place before you start makes the question of how to sell a church or other D1/D2 building far less stressful.
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