Been looking for a few months now and every property gets pitched as 'excellent investment' by whoever's selling it. Trying to build my own filter instead of trusting brochures — what do people here actually look at before deciding a commercial property is worth it versus just sitting empty for years?
For me it's mostly about who's around it already — a property surrounded by shut shops rarely turns around no matter how good the deal looks on paper.
Title clarity first, always. A cheap property with messy documents costs more in the end than a slightly costlier one that's clean. Pull the EC and check link documents before anything else.
footfall pattern matters a lot too — walk the street at different times of day before deciding, brochures never show you a dead street at 3pm
also don't ignore the occupancy certificate question if it's a built property. no OC creates problems later with resale and loans, ask upfront rather than after booking
agree with all of this, we skipped OC check once and regretted it when the bank flagged it during loan processing for the buyer we later sold to
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