A feasibility study is an analysis of the viability of a proposed development, identifying potential opportunities, threats, strengths and weaknesses and is the starting point to achieve the maximum potential and best possible return i.e. the highest and best use of any development.
The feasibility study, assesses a proposed development to determine whether it is likely to be a success and includes an in-depth market analysis, location and demographic analysis, transactions analysis, usage options, due-diligence, SWOT analysis, legal matters, competition and possible risks.
Is a powerful tool covering all aspects of the project, uncovering any potential obstacles and helpful in determining if the project is worth undertaking.