Investing in commercial premises

The property market is not just flats and houses. Investing in commercial premises has also become popular. How do you get started? Which premises are worth a look? Here are a few tips on buying attractive commercial space in Silesia.

Is choosing the right commercial premises easy?

The premises we want to focus on are primarily retail and service units, which include shops, offices, halls and consulting rooms. The choice of such premises in a city is much smaller than the choice of flats or houses. The listings are nevertheless very varied, even within a single city. They differ in quality, technical condition and price. It is worth drawing up a specification of the premises you are looking for. To avoid a hasty purchase, you should set a budget, find several attractive listings, decide on the location, carry out a technical analysis of the premises and make arrangements regarding a possible mortgage. Transaction costs must be added to the cost of buying commercial premises. Finding an attractive property may take some time, so do not leave choosing the premises until the last moment. Retail and service space can be found on the primary or secondary market. The type of space you choose should depend on your needs, the type of business and your financial means.

READ ALSO – WHAT OFFICE SPACE SHOULD YOU CHOOSE?

Location

Where the chosen premises are located is very important. The location should be attractive for the kind of business you run. Important issues include the neighbourhood, but also the availability of parking and access from well-known places. Pay attention to the competition and consider whether anyone in the area already offers similar services. If you have already bought a property and are looking for a tenant, ask yourself who might be interested in these particular premises. Remember that the tenant has to pay their charges out of the income generated by the business run in the premises.

Investing in commercial premises – the cost of adapting the premises

It often turns out that even though the space meets our expectations, we have to adapt it to our own needs. The costs of conversion and fitting out can be considerable. Everything depends on the requirements we have to meet. Specialist equipment and air conditioning may prove the most problematic. Premises are usually handed over to a tenant with bare floors and walls. It does happen, however, that fully equipped premises are offered for sale or for rent. If the premises need refreshing, for example replacing windows or doors, this should be the owner's responsibility.