All Topics / Commercial Property / Commercial Office Property Purchase

Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of PeterCPeterC
    Participant
    @pcjc
    Join Date: 2005
    Post Count: 0

    Hi Team
    I have read quite a few blogs & posts on Commercial property purchasing but I was wondering if anyone had a handy Due Diligence check list?
    I had included the Structural Assessment & Environmental Assessment. What other checks should we be conducting?
    Is there anything else we should check out?
    Our business will be the tenant so that side is secure.
    It is an inner metropolitan suburb, on a main arterial road. Easy access in all directions.
    Are there are any major “Gotcha’s” we should be wary of.

    I have checked out the financials …
    The property is looking like ROI = 7.1% . CoC = 11%
    Much appreciate your input.

    Peter

    PeterC | AccWest Solutions
    Email Me | Phone Me

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Hey Peter,

    Thanks for your question. Yes, there are heaps, and heaps, and heaps of questions to ask, and matters to address in due diligence… if you want to make an informed purchase that considers risks and rewards.

    This has been the focus of the recent study groups I have been running (Inner Circle 1 and Inner Circle 2), where I showcased the DD I did for two commercial property deals, the questions I asked (with checklists), and the outcome.

    If you’d like access to recordings of those programs, as well as joining up my next study group, read more here: http://www.PropertyInvesting.com/IC3

    All the best,

    – Steve

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of PeterCPeterC
    Participant
    @pcjc
    Join Date: 2005
    Post Count: 0

    Many thanks Steve.

    I did register for IC1, but only managed to attend a couple of sessions. Work getting in the way of life :-)

    I will review the details I have and plan to register for IC3 as I am sure it will be excellent value again.

    Thanks Steve for reminding me!

    Cheers

    Pete

     

    PeterC | AccWest Solutions
    Email Me | Phone Me

    Profile photo of andrewhiteandrewhite
    Participant
    @andrewhite
    Join Date: 2021
    Post Count: 0

    Generally, there are several areas of due diligence that are addressed on a due diligence checklist, such as corporate structure & general matters, taxes, strategic fit, intellectual property, material assets, and other areas.

    Profile photo of andrewhiteandrewhite
    Participant
    @andrewhite
    Join Date: 2021
    Post Count: 0

    The main reason you need a due diligence checklist is to make sure you don’t overlook anything when acquiring a business. Having a due diligence checklist allows you to see what obligations, liabilities, problematic contracts, intellectual property issues, and litigation risks you’re assuming.  Most of the documents and information on your due diligence checklist are available on request. Once you have the information, it’s up to you to analyze it and decide whether it’s a good investment.

    Profile photo of vaxyvaxy
    Participant
    @vaxy
    Join Date: 2021
    Post Count: 0

    Excellent financial performance! Have you found any lawyers yet? Now they are necessary for every businessman!

Viewing 6 posts - 1 through 6 (of 6 total)

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