Advice for Finding the Perfect Commercial Property
We understand that finding a commercial property is stressful. Take a look through this guide for advice on helping you pick out a suitable property for your needs.
If you’re still struggling or feel you require experienced advice, Buy Rent Commercial is highly a recommended commercial property finder.
What are commercial properties used for?
- Retail
- Offices
- Bars and restaurants
- Land
What will you learn?
- Location considerations
- Questions to ask
- Long-term planning
Location
Before you go any further, consider the location you want your property to be in. Once you’ve figured this out, decide on whether the area is appropriate for your needs.
For example; a retail store will need to be in a high-street and an area easy to access by the public. However, an office may not need to be in a place that’s as easy to see by people passing by.
With this in mind, an office would need to prioritise transportation for employees. Find out answers to these important factors:
- Is there public transport within a reasonable distance?
- Is there parking near?
- Are there any parking restrictions?
- Are the parking costs fair?
Is the neighbourhood appropriate?
This is something that many fail to think about because if an area fits the rest of their criteria, people forget about the atmosphere of the neighbourhood. In other words, check if the area is known for high crime rates or if it has a bad reputation in general.
Another major factor to look into is checking if the internet connection and signal is decent. This is especially important if you’re looking for an office, where you will obviously require good reception and reliable internet.
Can your business grow in that area?
Planning for the future is a responsible thing to do, especially when you’re investing money into something like property. Considering you’ll be looking for a commercial property, you want to buy or rent a place that’s large enough for your employee numbers to expand.
However, you don’t want to buy too large in case things don’t pan out the way you had hoped.
It’s suggested to go for a commercial property that’s big enough to bring more employees into the office when you grow your business. But, isn’t overly large because the price of the commercial property will increase as you up the size.
This is why it’s imperative to plan for the future of your business, while taking in consideration your budget. The last thing you want is to buy a large property that you can’t afford in the long run.
Have you got any advice for new commercial property buyers?
Leave a comment below if you’ve got any top tips for the newbies out there! We hope this has been of help and good luck in finding your perfect commercial property, let us know how you get on.
You May Also Enjoy
Clarity on energy efficiency rules for commercial property needed
English Housing Survey 2024 to 2025
Propertymark responds to latest HMRC property transactions report
Mortgage activity dips in December
£19.9bn of PRS refurbishment required
