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.

Buying a Commercial Property? Consider These 3 Factors

Real estate business have been gaining immense popularity among the investors. Majority of the investors consider spending money on a commercial property as a sound investment choice.  Higher returns on investment, lower risks and greater cash flow opportunities are some of the top benefits of buying a commercial property. However, it is essential to perform detailed research and planning before taking a major decision in the real estate market. There are several factors you need to consider before embarking on the commercial real estate investment, especially if you are a first time investor. Given below are the key considerations to look for when purchasing a commercial real estate property like the bridge retail mall. 

1.  Location: Check whether the property is in prime location. What does prime location means? Is the place easily accessible by public transport systems? It is located in close to shopping and other commercial destinations? Similarly, ask yourselves a lot of questions before taking a final decision. For instance, the bridge retail mall located in prime location of Phnom Penh City. The building is in close distance to several hotels, embassies, shopping malls and landmarks. 
2. Infrastructure and neighborhood: Rapid developments in infrastructure can boost the value of your commercial project. Moreover, check whether the project is designed to meet the modern appeal and standards. Let us take the bridge retail mall, this commercial property is modernly designed and has top rated luxurious facilities. In addition to the infrastructure, it is also essential to check the neighborhood.
3. Market value and prices: Last but not the least,money is always the crucial factor. It is strongly recommended to consult with an experienced realtor before taking a decision. They can give you right guidance regarding the market value and property prices. 

Make it a point to carry out detailed planning, diligent investigation and evaluate various risks involved in purchasing the commercial real estate.