If you are thinking of relocating your business to a brand new area, you may be under the impression that it’s easy as finding an available property that is big enough to house your business and that’s it.
Although this is an important aspect to look for, there are other more important features to consider before deciding on a property. Not only is it essential for your business with regards to success, it’s important that you’re not wasting your money on an inadequately placed property.
As commercial property experts, we help many businesses find the perfect location for their needs on a daily basis. Here are 3 features of a property that you should consider before taking the plunge and investing in a property for your business.
Will Your Business Be Too Noisy for the Area?
If you have a variety of noisy processes that are required to run in order for your business to be productive, will you be in an area that can accommodate this?
If you’re in the heart of a residential setting, it’s possible that the locals may complain about the noise, especially if your working day continues into the evening when most people will be relaxing in their home.
Make sure you’re taking into account the area surrounding the property and make sure that your business wouldn’t be affecting existing businesses or residents around if you chose to invest in that particular property.
Are You Nearer to your Key Suppliers?
One of the reasons for your relocation may be that you’d rather be closer to your key suppliers to cut down the cost of regular deliveries that you may be expecting for your business to run successfully.
Although it may seem closer to them, is it really? Have you thought about traffic situations which may delay the delivery even more? Things such as restrictive one way systems or city centre rush hour traffic are things that you should be factoring in.
Just because they could delivery to your old property in good time doesn’t mean that they’ll still be able to honour that even though you’ve moved closer. It may mean looping back round that difficult one way system during the busiest times of the day!
Even if you’re not a huge business with millions of pounds worth of products on your premises, it’s always important to think about the security of the property itself as well as the area surrounding it.
Ask around when you take a look at the property and find out what the area is like and see what security systems are already in place. Although you will want to change these when you are in the property yourself, it’s always interesting to see what the previous business installed – it could be a good indication of how threatened they felt while being in the area as a business.
If you are looking for more information regarding investment property in London, we’re only a phone call away. Get in touch with our team today on 0208 863 8680 and we’ll be happy to help you find the right property for you.