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Professionals Davenport Commercial

9/8 Booth Place Balcatta

08 9240 6400

08 9240 6411

info@davenportre.com

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Buying Tips

At Professionals Davenport Commercial, we never forget how exciting it is to buy a Commercial Property. You’re making plans for the future, choosing a Property in an area that appeals to you after considering ALL your needs.

At the same time, the event can be a daunting experience if you don’t have sound knowledge and understanding of everything that’s involved.

We’ve put together a few points to remember that will assist you to understand the steps like how to organise your finance, understand the market, find an agent, find the right property for you, making and negotiating an offer and settlement.

Firstly, You might want to consider the best vehicle of property ownership, that being Tax, GST, estate planning or even a Superannuation Fund.

Secondly, It’s always good to think about lease commencement dates, the cost of Outgoings and possible Property Management fees and whether it’s a Strata or Green Title

Thirdly, Keep in mind that not all areas avail themselves for the nature of business you may have in mind, it’s also a good idea to take note of the area’s zoning, economic growth or even the visibility of the property, and the sight could even have contamination that will need fixing before moving in.

Finally, You may want to install fixtures and fittings that should be noted of in the lease document and make note of the Tenants requirements/obligations at the end of their respective lease. eg. Repainting, Flooring, Signage etc.

 

This by no means exhaustive and you should always consult your Accountant or Financial advisor when making these decisions.

We are able to prompt you to ask the relevant questions.

 

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