When you’re looking for a retail property doing your research will make a huge difference to your success – whether you use a retail property consultant or not.
Look at as many properties as possible in your target area as well as competitive areas. This will let you get a good idea of the market, of the properties and their conditions and rents as well as facilities.
With your life savings on the line you need to talk to as many real estate agents as possible. Ask loads of questions and you’ll find out a heap more information than you thought would be so easily handed over.
I was talking to a local real estate agent about properties in a specific area and he gave me the rents and state of business health for each of the businesses in the area. I was scribbling down notes as fast as I could with my mind whizzing with questions that he was answering.
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