How to buy shop in mall?

Thinking about upscaling your business? Well, although you may think that buying a shop in the mall can give you good returns then you need to consider a few points. Malls are perfect to target GenZ and Gen X but are it a good idea to invest in a mall? Will people buy your products? These are some questions you should ask yourself before purchasing a shop in a mall. If you want to buy a shop and rent it to any organisation, buying a shop can be a good idea. But you need to buy a shop in a place where people would easily come and purchase items. I will base my answer on how to buy shop in mall and rent it out. Hopefully, this will give you a good insight.

How to purchase shop in mall?

While purchasing a shop in the mall here are a few things you should check out.

It is essential to decide on which floor your shop would be. Ideally, it is advisable to purchase a shop in the entrance level or the one above it. As visitors get tired after a while they don’t travel to higher floors. So, it's  better to get a shop on the ground floor or first floor. The shops on the lower floors are also a bit costlier than the ones located on the upper floors.

While purchasing any property you should run a due diligence. And you should also be informed about the charges that are applied to your shop. Don’t forget to check out clauses for Common Area Maintenance. Check if the shop has been granted CC, Fire NOC and other important terms and conditions. This is one of the most important aspects to consider when wondering

how to buy a shop in a mall.

Different types of malls provide different types of facilities. Check out what facilities a project is providing and also check out if the facilities are in compliance with customer satisfaction. Also check if the facilities help your business earn some profit directly or indirectly.

Maintenance is another important aspect to buying a shop. Ensure that your shop is maintained and cleaned by the mall's service providers. Check what are the additional charges you have to pay as maintenance service before purchasing a shop.

I hope my guide helps you know in detail

how to buy shop in mall. 

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