Commercial Property Purchase

Commercial Property Purchase

Our team can help you through your next Commercial Property Purchase. We can review your contract prior to execution and provide you with guidance on any amendments that you may need to protect your interests.

Buying A Commercial Property

From shops to office space we can assist. We can review your contract prior to you signing it so you have peace of mind.

There are a lot of factors that must be considered when entering into a commercial sale contract. Some of the things to keep in mind are:

Is there a current lease, how long of a term remains, and are the options with rental increases?
Are there Body Corporate fees to consider and what are the terms of the Management Statement?
Who pays for outgoings such as rates or water if tenanted?
Is the property zoned correctly such as light commercial or industrial?
Is the Building Class correct?
Searches

Much like a residential property, the correct searches must be conducted during the transaction process. These can include rates, water or body corporate. Sometimes deeper enquiries must be made under Due Diligence especially if you are looking to set up a new business on the premises.

If you are purchasing an industrial warehouse for example, can you store flammable materials there if you are a mechanic or car detailer. What council regulations might be applicable to your enterprise?

Reach out to our team so we can guide you through the process including contract review, special condition drafting and settlement of your next commercial property purchase.

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