Checklist for buying a property

When you first approach an agent, it is good to have a list of requirements that you may need. Is it for your own business, and if so do you need retail, offices, a light commercial operation or an industrial workshop? Or is it for an investment that provides good returns now or maybe the possibility for growth and for improvements to be made. There are some general things that will come up for all enquiries. The topics of interest include: 1. Is this site suitable for the business you are proposing? 2. When can possession be gained? 3. What is your budget? Does it compare well with other sites that are similar with regards to the per square metre rate, size and location? 4. Do you need carparking or will future tenants? 5. What is the zoning of the property? Does this site and area lend itself to your plans for the site whether it is for your own business or investment? 6. Are all services you require available to the site? E.g. is there fibre and or sufficient power to the site (e.g. 3 phase). 7. Is there computer cabling installed? Is there a data room and sufficient available power points to all work stations? 8. Will a change of use be required? For example for a new food outlet or restaurant. 9. Are you, as the purchaser, prepared to spend any money on the site after the purchase? WH A T A R E Y O U L O O K I N G F O R?

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