What due diligence is required when buying a commercial property?

Due diligence is the process of investigating a commercial property before the contract becomes unconditional. It helps identify legal, financial, and practical issues that could affect how you use the property or create unexpected costs after settlement.

Typical due diligence includes:

• Title and property ownership checks, including easements and restrictions
• Zoning and planning controls to confirm permitted use
• Lease reviews for income, tenant obligations, and lease terms
• Building and fire compliance to identify required upgrades
• Environmental risks, particularly for older or industrial sites
• Outgoings, tax, and GST treatment, including going concern status

However, there is no one-size-fits-all approach. The right level of due diligence depends on why you are buying the property, how you plan to use it, and your long-term goals.