Consider factors such as location, foot traffic, nearby competitors, and the type of business you plan to operate.

Location can significantly impact your business’s success. Consider factors like visibility, accessibility, proximity to customers, and competition.

When buying a pre-leased property, it’s important to consider factors such as:

Location: Assess the property’s location for its future growth potential.
Lease terms: Review the existing lease agreement, including rental amount, lease duration, and responsibilities.
Tenant profile: Understand the tenant’s financial stability and reputation.
Rental yield: Calculate the rental yield to assess the investment’s potential returns.
Maintenance and repairs: Determine who is responsible for property maintenance and repairs.
Legal and financial due diligence: Conduct a thorough examination of legal and financial documents related to the property.

In most cases, you are legally obligated to honor the terms of the existing lease agreement with the tenant. However, you can negotiate new terms when the current lease expires and it’s time to renew. Renegotiation of lease terms should be done in accordance with local laws and regulations governing lease agreements.

Understanding the current real estate market conditions, demand for showroom properties, and potential for rental income or resale value is crucial for making an informed investment decision.

Potential buyers want to assess the potential returns on their investment, and understanding the rental yield, which is the annual rental income as a percentage of the property’s cost, is crucial.

The advantages of purchasing a pre-leased property in Mumbai include:

Immediate rental income: You start earning rental income from day one.
Lower risk: Vacancy risk is reduced as the property comes with an existing tenant.
Established location: These properties are often in prime locations.
Known rental yield: You have clarity on the rental yield, making it easier to assess the investment’s potential.

There may be property taxes, maintenance costs, and other expenses associated with owning a property. It’s important to factor in these costs when assessing the overall return on investment.