A business premises is a space used for carrying out professional activities, selling goods or providing services for a fee. These properties may include shops, restaurants, offices and other business premises. The valuation of a business premises depends on various factors, including location, size, technical installations and security.
Advantages of investing in business premises
- Stable income: Renting a business premises can guarantee a steady income over time. Choosing a good location and managing it wisely can further increase returns.
- Value appreciation: By selecting a location in a growth area, you can benefit from long-term value appreciation.
- Diversification: Commercial real estate offers diversification compared to traditional investments such as stocks or bonds.
What to consider before buying a business premises
- Size: Assess the size of the room according to your needs and the type of business you want to start.
- Location: Location is crucial. Choose an area with good foot traffic and visibility.
- Warehouse or storage: A room with storage space can be advantageous.
- Parking: The availability of parking, even if only in the vicinity, can be very much appreciated by customers.
Why rely on us if you were thinking of buying a business premises…
Investing in commercial premises is an important decision, and relying on a real estate advisor can make the difference between a successful investment and one that involves risk. That is why you should consider working with an expert during the selection phase and during the paperwork.
- Market Analysis: A real estate consultant has in-depth knowledge of the local market. It will help you identify the most promising areas for buying a business premises, considering factors such as economic growth, demand and supply.
- Venue Assessment: The consultant will carefully assess the venue you are considering. This includes analysing its location, structural conditions, visibility and income potential. An accurate assessment will help you make informed decisions.
- Negotiation: A real estate consultant is an expert in negotiation. It will help you get the best possible price for your business premises, saving you time and stress.
- Bureaucratic Practices: Buying a property involves a lot of paperwork, such as checking documents, registration and handling taxes. More specifically, a real estate consultant assists you with: land registry and mortgage searches; certificate of occupancy to ensure that the premises comply with building regulations and can be used for the intended activity; assistance during the signing of the notarial deed; registration at the land registry of the change of ownership, and so on.
- Legal Assistance: The consultant can put you in touch with legal professionals specialised in real estate. This is particularly important when it comes to purchase and sale contracts.
