Purchasing Commercial Property?

Customer Guide

Here's what you must keep in mind...

Remember, what might be a great location for a residential property might not be so for a commercial property.

Ask yourself the following:

  • 1) Is the place generally buzzing with activity?
  • 2) Is the property on a fairly wide motorway?
  • 3) Is it easily approachable from all directions?
  • 4) Is there sufficient parking space around?
  • 5) Are there other commercial properties around?
  • 6) Is the area a business district and popular shopping area?
  • 7) Would it be suitable for what you have in mind?

How attractive a property looks from outside often decides customer preference and footfall.

So, check the following points out:

  • 1) Does the property attract immediate attention?
  • 2) Does it have a glass facade that ensures ample natural light inside?
  • 3) Does it have an imposing and impressive entrance?
  • 4) Will it add face value to your business?

Convenience, utility, practicality and state-of-the-art features are a must check.

So, check out the following:

  • 1) Is the entrance lobby warm and welcoming?
  • 2) Are the elevators high speed and of a renowned brand? Is there adequate power back-up?
  • 3) Are the stairways wide and easy to use, especially in an emergency?
  • 4) Are there sufficient washrooms for visitors and customers?
  • 5) Does every unit have an attached washroom?
  • 6) Is there provision of sufficient water for everyone who utilizes the property as well as visitors?
  • 7) Is the building eco-friendly with extensive use of solar panels and large expanses of glass for power saving?
  • 8) Are there enough CCTV cameras and security personnel to ensure the safety and security of one and all?
  • 9) Is the property fire-safe with comprehensive measures for high-speed evacuation in the event of an emergency?
  • 10) Is the property Wi-Fi enabled?

There are many facets to quality. Don't forget to check out everything.

  • 1) Has good quality construction material been used?
  • 2) Is good quality workmanship evident?
  • 3) Are the fixtures of renowned brands and premium quality?
  • 4) Have top quality electrical fittings and wires been used?

The price of a commercial property will often depend on a number of different parameters.

So, while weighing the price of the property, consider the following:

  • 1) Is it located in a flourishing business district, or is it in a virgin territory?
  • 2) What is the prevalent rate per sq. ft. in the area in other such properties?
  • 3) If new, is it a ready-possession property or still under construction?
  • 4) If on resale, how old is the building, how well has it been maintained and is the rate commensurate?
  • 5) Is the price right for you, depending on the returns you expect from your business activity?
  • 6) If you believe, the property will add stature to your business, is it a worthwhile investment?

Often a commercial property might appear expensive, but may actually be great value for money.

So, consider the following:

  • 1) Is the square feet utilization above average? Most developers offer around 40-45% Built-up to Saleable area.
  • 2) If under construction, what are the chances that it will command a higher than the booking rate immediately on possession?
  • 3) If ready-possession, how certain are you that your enterprise will flourish from day one because of all the favourable parameters?
  • 4) If it is an investment, do you envisage handsome returns in the form of rent or simply value appreciation over time?

Enquiry Now!

Venture by : Anup s. Roongta