Moving from one property to another is a critical decision for your business.
When making such a large and financially binding decision, you want to make sure that every single element and aspect is in order before pressing the ‘go button’, so to speak.
Here at Nelson Bay Real Estate, we are committed to making sure that our clients are as educated and in the know as possible, but unfortunately not all sellers are as upfront.
With that in mind, here are some crucial questions to ask when viewing a commercial property for sale in Nelson Bay.
How Much Is It?
Don’t give yourself the chance to fall in love with a property before you know exactly how much you are going to have to pay for it.
The mistake a lot of people make is already picturing their business on premises before knowing it is stretching their budget, and that is how you can get yourself in trouble trying to scrape by financially.
Remember, it is not just the purchase price but the running costs have to be considered too.
Can I Use It For My Business?
Not all commercial properties are suitable for all types of business, so it is up to you make sure that you are cleared for work in that particular building.
Something there are factors that come in to play including planning permission, certain permits, and any refit costs etc.
Find out if there are any restrictions that may prevent you from making the building ideal for your business and its intended purpose.
Can I Cancel Before The Contract Date?
You need to find out whether the type of contract you are signing is completely binding.
This might become a problem if you find yourself not meeting the business targets that you had expected to and don’t have the funds to continue paying your mortgage.
If you are in the market for commercial property for sale in Nelson Bay, please don’t hesitate to get in touch with us.
Here at Nelson Bay Real Estate, we know the area and are committed to getting the very best for our clients.
Feel free to contact one of our trained and experienced team members if you have any questions, we are happy to provide any answers and information that you need.