Are you looking for the best commercial property in Manchester to start your business? It’s true that you need a property for long term benefits. Therefore, compromising on quality should not be an option in any way. Very many things should come to mind when looking for property. An ideal property for your business should have special features that will make the business flourish. To give you a head start, here are 9 checklist items before buying commercial property.
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Be wary of distressed sales
Sometimes, owners are forced to sell off their properties for a variety of reasons. The property owner might be insolvent and can agree to any price that can solve his problems. However, you have to be mindful of some issues that might arise after putting pen to paper. Ensure that the owner clarifies on any matters that might require remediation before you seal the deal.
Accumulated property arrears
The seller should settle all arrears on the property before putting it on market. You have to be mindful of this to avoid taking responsibility for accumulated commercial arrears. If you buy a property with arrears such as electricity and water bills, you automatically inherit them. The trick is to verify that the property owner doesn’t have any arrears before you can buy that particular property.
Access to transportation
The location of your business premises should be near transportation facilities. It’s your duty to mind about this when buying property. This will prevent your staff and customers from thinking twice before joining your company. Therefore, when looking for commercial houses for sale in Manchester, the perfect property should be near the major road network and railway system. A reliable properties listing website has various options of properties that meet this criterion.
An impressive entrance
When looking for space for an office, consider properties with a good entrance area. This will make a great reception area to give everyone who comes to your office a great impression. It’s a good idea to look for a property with a grand entrance already in place. It will save you from having to spend money remodeling after buying the property.
The meeting room is an essential element in any established enterprise. This is where brainstorming of all important business strategies takes place. This place is also very important for holding business negotiations with clients of staff meetings. Therefore, you should buy property with enough rooms for such functions.
When intending to buy a commercial property, due diligence regarding determining the status of property ownership is key. Even when buying property form a management company, you have to find out whether the original property owner still has some powers on the property.
Status of current tenancies and renewals
It’s important to be aware of any occupants and the terms of occupancy before you purchase a property. The seller should confirm compliance with all terms of leases including rent payment, service charges, and insurance. You’re likely to take on such costs if you don’t investigate before buying the property.
Fittings and furnishings
A property with fittings and furnishings already installed is a great buy. It means you’re just going to bring your equipment and begin working. Additionally, it will save you a get deal from spending on these fittings and furnishings. This is true for properties that have been used for business purposes before.
There’re some other facilities to consider before buying a property. These include fast internet, electricity, and good toilet facilities. These are essential elements in any office environment and any property that has them already in place will save you a great deal. You’ll not have to invest in doing the installation and necessary remodeling.
August 29, 2018