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There are many reasons why buying commercial property is a good bet, but doing so can also carry significant risk – especially if you don’t take the time to thoroughly investigate a building’s condition and do your due diligence before proceeding.By Matthew Parkinson, partner at Lea Hough Chartered Surveyors
So what steps should you take to ensure you don’t get caught out?
Condition
Services & other compliance issues
A survey is not just about condition and can help to highlight compliance issues to a potential purchaser.
Grounds
Size
Getting a Chartered Building Surveyor to carry out an assessment of a property before you buy it is well worth the investment. The building needs to be right for many years to come and it’s much better to be aware of any existing or potential issues than have these come to light at a later date.
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