Hello Sweta. I would like to help you understand how to get shop in mall. Buying a shop in a mall is a lengthy process and you need to ensure that each step you make is a well-thought-out and calculated one. You start with research where you list down all the probable malls where you can find a shop to buy. When you filter malls, ensure you see the location, foot traffic, type of businesses and the scope of business there.
How to Get a Store in a Mall?
Once you do your research and shortlist malls, you can then get set to reach out to the mall management or their leasing team. Use sources like real estate portals, where you will find listings to buy mall stores. You can also contact malls directly through their website or by visiting the mall.
After you have a discussion with their team and have an idea where you’d want to buy the store, run proper checks for the place, ensure the mall is free of any legal trouble and that it has all approvals. Get
due diligencedone through a lawyer.
Once you finalise the deal, get all the paperwork done and get going with the buying process.
Buy Your Shop at the Best Rate Via NoBroker Commercial Plans!
Some related information:
What things to keep in mind while buying commercial shop in mall?
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Related Questions
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.
Avoid hefty brokerage and check out the commercial properties to buy on NoBroker
How to purchase shop in mall?
While purchasing a shop in the mall here are a few things you should check out.
FloorIt 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.
AgreementWhile 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.
FacilitiesDifferent 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.
MaintenanceMaintenance 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.
Read more:
Can I get loan for buying shop?
How to rent a shop in Pune?
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How to buy shop in mall?
Sweta
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2 Year
2022-11-30T10:17:13+00:00 2025-02-11T14:32:05+00:00Comment
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