Buying a Commercial Property? Who you need on your team
The Commercial Property Series
Mortgage Broker OR Lender
Assists in securing financing for your commercial property purchase. They evaluate your financial situation, recommend suitable loan options, negotiate terms, and streamline the application process, ensuring you get the best possible funding solution.
Commercial Property Lawyer
Specialises in legal matters related to commercial real estate transactions. They review contracts, conduct due diligence, ensure property titles are clear, handle negotiations, and safeguard your interests throughout the purchase process.
Local Council in the Area
The local council provides vital information about zoning regulations, permits, land use restrictions, and development plans in the area. Their insights help you understand how the property can be used and whether any future projects might impact your investment. Generally during the due diligence process, you may engage a town planner who may have a different approach in maximising the potential of the property you’re researching.
Accountant (Specialising in Commercial Property Ideally)
An accountant with expertise in commercial property assists in understanding the financial implications of your investment. They help with tax planning, depreciation strategies, rental income optimization, and overall financial management to maximize your returns.
Quantity Surveyor
A quantity surveyor evaluates the property's construction and assesses its depreciation potential. This assessment helps you claim accurate tax deductions and allowances, optimizing your tax benefits over time.
Building and Pest Inspector
A building and pest inspector evaluates the physical condition of the property, identifying any structural issues, potential maintenance concerns, or pest infestations. Their insights ensure you are aware of any potentially costly repairs before finalising the purchase.
Buyer’s Advocate
A buyer's advocate, or buyer's agent, acts as your representative in the property purchase process. They source properties that match your investment criteria, negotiate with sellers on your behalf, and provide unbiased advice to guide you toward a sound investment decision.