5 tips for buying a commercial premises in Andorra

5 tips for buying a commercial premises in Andorra

Starting a business is an important step for anyone and not only professionally, but also personally, as it is a considerable economic investment. Regardless of the professional activity that you want to develop, the work space is essential to achieve the economic and professional objectives that a company raises. That is why in order to find the most suitable space, it is necessary to take into account some aspects that facilitate the decision to buy a commercial premises. 

Next we indicate you the keys to take into account to buy a commercial local in Andorra.

1.    The location of the local


This factor is often determinant for the development of any business. It is a question of finding a space that is easily visible and accessible for clients and suppliers. Communications with the premises and the loading and unloading areas are also aspects to take into account, as this facilitates the work of all parties who, directly or indirectly, are involved in the activity of the company.
In our case, for example, we have offices located in the most central parishes of the country, such as Escaldes-Engordany and Andorra la Vella. The areas with the greatest number of requests to rent or buy a commercial premises in Andorra.


2.    Conditioning and distribution of the space


Depending on the type of activity that is carried out, the purchase of a commercial premise should be made considering the size of the premise, as well as the equipment that is used. In this way, it must be determined whether the premises have ventilation and smoke ventilation systems, for example, provided that the premises you are looking for are aimed at restaurants or hotels. However, if it is a service store, it would be interesting to buy a place that in addition to being located in a central commercial area, this is easily visible.
On the other hand, it is advisable to analyse the different spaces of the premises as much as possible in order to save future investments in refurbishments and thus maintain the activity of the business uninterruptedly.

 

3.    Find out about Andorran regulations


At Immobiliària Superior we will contact you to inform you and resolve any doubts you may have regarding the purchase or rental of commercial premises in Andorra. Our team of professionals, with proven experience in the real estate sector, will advise and guide you through the entire process of buying or renting the premises, and will put at your disposal a selection of commercial premises that best suit your preferences.
Keep in mind that the regulations are not applied in the same way in all establishments, so it is important to be informed of all the conditions to avoid any problem that may be for the development of the business.


4.    Analyzing the competition


One of the keys to ensuring the viability of a business is to study how to work from the competition and design a strategy to differentiate from it. In this case, however, it is always useful to analyze the activity of businesses in the area to adopt similar strategies. In this way, examining the spaces and activities developed by the competition can avoid future mistakes and improve the profitability of the work space..


5.Taking into account local expenses


This is an essential factor for the purchase of commercial premises. These expenses, for example, correspond to the costs of agency and the registration of the commercial activity in the premises, as well as to assume the costs of notary's office to elaborate the deeds of the building, etc.
In reference to the process of buying a commercial premises, the economic amount to be paid by the future owner is a fixed amount, added to a percentage of the sale price of the property. In other words, the amount is added to an amount that ranges between € 600 and € 1300, plus 0.1% of the sale value of the property. Likewise, the buyer of the commercial premises, in the same way as in the homes, must pay the tax applied by the government for the purchase of properties. In this case, we are talking about 4% of the final sale value that has been agreed, divided into two parts: 2% for the common where the property is and 2% remaining to the Government of Andorra.

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