How to choose the best commercial property to purchase?
How to choose the best commercial property to purchase?
Here’s a list of factors you must consider before buying best commercial property.
2. LOCATION OF THE UNIT WITHIN THE PREMISES
This depends on how the space is to be used. For instance, in a mall, shops on the ground floor facing outwards towards a road are at a premium compared to those located in a corridor on a higher floor. Similarly, corner office spaces with ample natural light are preferable to those in a basement.
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3. CONNECTIVITY AND PARKING
Easy access to roads, metro or public transport, and ample parking space are important as these enable customers and clients to easily commute to the area, increasing its value.
3. AMENITIES PROVIDED BY THE BUILDER
The more the better, so look at all the facilities that the developer is offering, such as sufficient power back-up, suitable number of elevators and escalators, requisite number of fire exits, etc.
5. REPUTATION OF THE DEVELOPER
Needless to say, this is essential. Grade-A properties by reputed developers may come at a premium but they also ensure that the build quality is good, you can easily get tenants, and the property will be maintained well.
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Source: https://economictimes.indiatimes.com/wealth/real-estate/how-to-choose-the-right-commercial-property-to-buy/articleshow/95780362.cms
