What to check before buying a running PG property

A running PG is a property and a small business at once, so the checks go beyond the building itself.

• Ask for the title documents and confirm who is authorised to sell.
• Review the rent roll: beds, current residents, rent per bed and any arrears.
• Check approvals and registrations the business needs to operate.
• Visit at different times to see real occupancy, upkeep and food service.
• Understand existing staff, vendors and utility arrangements.
• Get all figures in writing; owner-declared numbers are not verified numbers.

Cubinus records which details we have checked and which are owner-declared. Take independent legal and financial advice before signing. This is general information, not advice.