Choosing a commercial property for your business is an important decision that you have to make to grow your business. Choosing the wrong property could stifle your growth, whereas choosing the perfect property could push you closer to success. There are many factors you must consider when making this choice, and it can easily become overwhelming. To help you on your way, we’ve created a list of the factors you should consider when choosing the right commercial property for your business.
The location of your commercial property is one of the most important factors that contribute to the success of your business. You want your property to be in good proximity to suppliers, resources and customers, but the perfect location will depend on the type of business you run. If you have a business that relies on a flow of customers, then a location closer to a town centre will be more favourable than one in a business park miles from anywhere. However, if most of your work is done remotely, then a property that offers a cheap price in return for not having a great location may be the kind of property you choose.
A property can be very restricting on growth if it doesn’t have the right factors, and you don’t want anything getting in the way of your business’s success. When you’re looking for a commercial property, ask yourself whether it would be adequate for your building in five or ten years time, not just at the current time. Make sure that the property allows you to expand in several ways: hiring more staff, developing new products or services, expanding your store. If the property is perfect in every factor but the growth potential, see if it would be possible to get an extension on the property if one was ever needed.
People will need access to your property, whether it’s employees, suppliers, clients or customers. When you’re choosing your property, consider who will need to access it and whether it’s possible. If a heavy goods vehicle will be visiting the property often, then it may make more sense for it to be located close to a main road. If you’ll need to travel often, then perhaps a property located close to a train station or airport would be best for you.
Here at Prideview Properties, we’ve developed our skills and experience while providing an excellent service to our clients and that’s how we’ve become one of the best commercial property agents in London. If you’d like more information on the services that we can provide, don’t hesitate to contact us on 0208 863 8680 and a member of our team will be happy to help.