What factors you should consider before buying a retail mall?

Have you been planning to venture into the retail business? Buying a commercial property, building a store and promoting it across the public would be a nerve-wrecking experience. But is there any better way to start a retail business? Well, yes. You can consider buying a well-designed and built retail mall from a reputed business group or builder. But before you make the investment, it is essential to carry out a detailed research and planning. So here are few pointers you need to consider in order to determine whether the commercial property for sale is a good fit for you. 

Floor space and size of the retail space: Enquire about the floor space of the potential retail mall. Does it have enough space and infrastructure to accommodate your growing business? Do you think the mall would provide you ample storage capacity for your inventory and other furnishing items. Seek the floor plan of the property to get a better insight. Consider the bridge retail mall developed by Oxley Diamond in Cambodia. This mall has around 630 units each with an approximate floor size of 108.00 ~ 612.00 square metres respectively. 

Location and neighborhood: A commercial store would be able to reap profit only if it can generate sales. That means, your store should be easily accessible by all means. Check whether the retail store is in prime location. Is there any landmarks near to it? Keep in mind to inspect the parking facilities and public transportation proximity of the property. For instance, the bridge retail mall is located in the heart of Phnom Penh City of Cambodia ensuring utmost accessibility and convenience.  A famous casino hotel, Russian embassy, Australian embassy, national embassy and several shopping malls and restaurants are located within the walking distance of bridge retail mall. 

Always keep in mind that the amount of research and work you put into the business will decide the results in future.