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As a property manager, we would recommend that you do some investigation into the legalities of purchasing the shopping strip under a business (if the two of you are purchasing together and you decide to purchase underneath a business, you would be better off starting one together to make sure there are no uncertainties regarding who has what sort of claim). If the shops were to experience a legal issue, you must know what sorts of issues may arise for your business.
You should also speak with a mortgage broker and a financial advisor regarding the best way to take out a loan for the shops and the best way to maintain the funds. Do not forget that you are relying on being able to redo the shops in order to get the best rental return – once you have purchased them, will you be able to afford all of the renovation works or will you have to save for a few years?
