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Advice for Businesses Searching for Commercial Property

Posted: 7th July 2016 11:03
When searching for commercial property for your business, there are many important things which need to be considered. From where to look, to what’s the best move for your business and negotiating all your needs for a good price, there’s a lot of different factors which need taken into account before you can take the plunge on a property. Here’s some essential advice to follow if you’re looking for a new commercial property:

Location

The location of your commercial property can be crucial to your business’ success so this is the first thing to ensure you get right. Depending on the type of industry you operate in, there are pros and cons to different types of buildings and what kind of location that you will require. A city high rise could be perfect for an accountancy firm whereas a warehouse with great transport links would be much more suitable for a more industrial business. With a company like Bilfinger GVA who have commercial properties across the country suitable for a range of different types of business.

Features

Once you’ve found the perfect location, sourcing a building with all the right features is the next step. All the essentials needs to be considered at this stage and these will differ depending on the type of business that you have. Think about things like customer access, staff parking and public transport options to make sure people can easily access your business first and foremost. Secondly, what facilities will you require? A kitchen, toilets, meeting rooms, an entrance area for guests to wait in? Thinking about all the extras that you need and finding somewhere which fits the bill for the right price can take a while, so keep searching and be prepared to make compromises if necessary.

To buy or rent

One of the most crucial things to consider is whether or not you want to buy or rent your commercial property. Depending on the stability of you business and future plans that you have for growth and expansion, this might be tricky. If you’re looking for a temporary base, renting a commercial property probably appeals much more and will suit your needs whereas, buying a commercial property is much bigger commitment and would suit a business which is looking to settle somewhere for a more substantial period of time.

By following these tips, you’ll be able to source the perfect commercial property for your business in no time.