In the business world, space is a very important aspect. Think about it. Goods and services need a place for them to be sold and made available to the market. You need a space to showcase them. This makes it a very important task for entrepreneurs to seek only the best retail property for sale. To help you with that, we have come up with a list of characteristics that define an attractive retail property for your customers, vendors, business partners and investors.
- It is conveniently located.
In other words it is accessible, the more modes of transportation to and from it then the better. Moreover, if it is located within the heart of the economic zone or the melting pot of a huge chunk of your town or city’s population then great. You not only chose a very accessible asset but you also give it great exposure. Remember that you would not want to give people a hard time trying to get to your shop because if you do then you should start expecting minimal sales and huge losses.
- It has ample parking space.
Don’t you just hate it when you have to visit a place and you’ve got nowhere to park your car? Don’t give the same dilemma to your potential customers because if you do then they are likely to drive away instead of drop by.
- It is situated in a safe and secure town or neighborhood.
Safety and security is necessary to safeguard your business, the corporate assets, your employees and your clients. Find a retail property in an area that has a low crime rate and is not susceptible or often suffers from serious natural calamities and other accidents.
- It is spacious and well ventilated.
Enough space should be available for you to put in your furniture, equipment and products. At the same time, enough space should be available for people to move around. One has to carefully gauge the need of your business so you don’t end up trying to cramp in everything.
- It is in good condition.
Of course, always see to it that the retail property for sale that you pick is in very good condition. It would be wise to get a chartered surveyor to examine points like actual market value, building condition, possible ongoing costs, remaining useful life and safety among others to ensure that the asset is indeed of quality.