Sealing the deal
Buying a commercial property requires a multi-faceted approach and loads of research, but many investors don’t appreciate the finer points involved.
Tuesday, December 20th 2016, 12:00AM
by The Landlord
Any investor worth their salt knows of the importance of carrying out comprehensive research into a property before signing on the dotted line.
But the investigative work required for a residential property pales in comparison to that needed for a commercial property.
Comprehensive due diligence needs to be carried out on the location, the building itself, the chattels and the lease agreements.
On top of that there are specific financial and legal issues that need to be worked through.
It’s a complex web of intersecting factors that demands experience to navigate successfully.
And herein lies the rub.
All too often newbie investors don’t appreciate the more complicated requirements involved and rush in guns blazing, without getting assistance.
For an investor, this approach can end badly, leaving them burdened with a property which may have serious problems and not generate the intended cash flow.
In this month’s NZ Property Investor magazine, we provide a rundown of the key considerations involved in the purchase of an effective commercial property.
To find out more about how to seal a successful commercial deal, click here to get the digital issue of NZ Property Investor magazine.
Subscribe to NZ Property Investor magazine here to get great stories like this delivered to your mailbox every month.
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