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Page 4 of 8
Buying Premises
3. Shortlisting Premises
With your chartered surveyor, draw up a list of criteria you would like your premises to meet.
Circulate this specification to commercial property agents with local expertise. They will provide you with a list of suitable premises.
3.1 Draw up a short list of suitable properties and visit them. Give properties marks out of ten for each of your criteria, to make comparisons easier.
- Is the location right?
- Is the building in good physical condition?
- Is the price affordable, and in line with market rates?
- Can you alter the building to meet your specific needs?
- Is there adequate car parking and services?
3.2 Look into the vendor's situation.
- Is the vendor in a hurry to sell?
- Why did the previous occupier leave?
- Are other buyers interested?
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