Retail Store Display - 7 Steps to Achieve Successful Product Selling - Top Builder in jaipur
10th Jan 2024

Retail Store Display – 7 Steps to Achieve Successful Product Selling


Let’s not beat around the bushes and come straight to the point. In this blog, we will be sharing quick yet important nine questions that you must ask before investing in a property. Though these questions should be asked for all types of property investments, in this blog we are majorly considering the investment in commercial property.

1. Are there any existing occupants or tenants?
Any commercial property you intend to purchase probably already has a few tenants. Ask your broker for copies of the most recent leases and the rent roll. The document will help you in finding out: the lessees’ details, the dates that their leases expire, the conditions of those leases (annual rent hike), the amount of rent they must pay, and what common expenses they will share.

2. Can I See the Pro Forma?
This document is important. A pro forma is an all-inclusive accounting of all the income and expenses of a commercial property. The amount of income and expense mentioned in the lease document should match the amounts mentioned in the Pro Forma. You should ask the property owner or the broker if these figures don’t match.

3. What are other developments planned for the area?
The current and future developments (constructions) could significantly affect your future profitability. These developments can be rewarding or penalising. For instance, depending on where it is built, a new highway may bring in more foot fall or shut you completely from the neighbourhood.

4. Is There a Ground Lease?
Many commercial properties have a ground lease, which means that if you buy one, you’ll have to pay rent on the land. A ground lease has advantages and disadvantages. On the plus side, since you aren’t paying to own the land, it can make commercial real estate significantly more affordable. On the other side, the benefits of property appreciation would not be yours either.

5. What is the reputation and track record of the developer?
Don’t undervalue the developer’s contribution to a project’s overall profitability. Even if the property is in the best location, inexperienced and new developers can seriously ruin the whole project. As a buyer, it is important that you get as much information on the developer’s reputation and the projects he has delivered. For instance: to buy commercial space in Bhiwadi, trust no one but the RTech Group. The group has delivered some major commercial projects in different parts of India.

6. Is Your Product or Service Allowed Under Zoning Rules?
Zoning is just as important as the location of the business. Check the zoning rules and regulations to see if your business use is allowed. Your broker can get you this information. If the intended use of your property is not approved by the local zoning rules, your property purchase would be a failure.

7. Is the Property’s Title Free and Clear?
Make sure you get a thorough title report when performing your due diligence. A detailed title report covers any claims, liens, covenants and/or restrictions that must be known to you beforehand. A complete Ownership and Encumbrance report is something you’ll need before you make a purchase.

8. Are the Property Lines Clear And Without Any Encroachment?
Getting a property survey is pretty common practise whether you’re purchasing an office block or selling a house. A lot of times a real survey differs from the reported property lines. It is important that you get a survey report from your seller/developer. Even a slight encroachment by your property or to your property could result in future legal issues that are quite problematic.

9. Are There Any Environmental Issues With The Property?
Two environmental assessments are done to uncover any existing or potential environmental issues in and around the property. The Phase I environmental assessment is done and if it does not uncover any issue, the property is declared clear of any environmental issue. However, if it indicates any issue, you must get the Phase II assessment done, which is an in-depth study that closely assesses the property’s soil, water and air. The purchase decision depends on the level of contamination declared in the Phase II report.

That is all we want to share in this blog. These simple suggestions will help you in buying the perfect commercial property for your business. However, if you want to invest in a commercial property in Bhiwadi that is scrutinized for all these pointers, then you must explore the commercial projects by the RTech Group.
So, happy exploring!!