Information that will assist you in making the best possible retail property purchase. Buying retail property is a substantial financial outlay. There are many factors to be considered when buying retail property. This checklist will guide you through the many important factors that need to be assessed before you buy retail property.
An example of the information that is brought to your attention is the following;
Obtain an owners corporation schedule if a strata property and confirm the lots available for sale and the ownership entitlement and liabilities relating to the common property areas. Confirm the ownership of all fixtures and chattels particularly those that belong to the vendor and will be part of the sale and those that belong to a tenant if a lease is in place. Check any shopping centre rules compliance.
Quality information can save retail property buyers much time money and stress. Examining all aspects of your retail property purchase should be considered essential before committing to a substantial outlay of money.