Evaluating a commercial property's value involves several factors:
Location: Consider how easy it is to see and get to the property, and if there are shops, restaurants, or other desirable amenities nearby.
Property type: Retail spaces tend to be valued differently from office or industrial ones.
Building condition: A newer building that's well-maintained will generally be worth more than an older one that needs repairs.
Market conditions: How the local economy is doing and whether there is a demand for tenants in that area will also affect the value.
To get a professional estimate, you can consult a commercial property expert. You can also browse listings for commercial property for sale in Mohali: phrasing this way avoids generating an unhelpful commercial link to get a sense of what similar properties are going for in the area.
No comments yet